The hospitality marketplace, backed by Crunchfund and DST Global, reportedly closed the round at a $10bn valuation.

Thee months after making its first venture investment, Bauer is following the lead of competitor Axel Springer by launching a dedicated fund that will focus on software.

Bertelsmann's Asian corporate venturing fund has exited online education company Chuanke.com after it was bought by Baidu.

Pearson and Village Capital have opened applications to their Edupreneurs programme, now in its second year, which will target Africa-based startups.

The online manicure booking service has raised $5m in an IDG-led series A round, and will use the funding to expand in its home country of China.

The Kaplan EdTech Accelerator, now in its second year, has announced the 12 finalists that will participate in its three month New York programme.

Docomo Ventures has announced three of the four startups that will participate in its third incubator programme.

The company's corporate venturing fund will direct the investments from the fund, which will target startups operating in the mobile internet space.