Cozi has been acquired by media corporation Time for an undisclosed sum, allowing Ganett, which invested in 2008, to exit the company.

The online English language learning service, backed by KDDI, Yahoo, CyberAgent and Mitsubishi UFJ, plans to list on the Tokyo Stock Exchange Mothers market.

IDG has made its third investment in the translation services company, which has now raised more than $63m since it was founded.

The microblogging platform has withdrawn from negotiations concerning the acquisition of SoundCloud, which would have provided an exit for Chernin.

The Japanese recruiter will seek to invest in early-stage overseas companies, and has already funded holiday home search engine Tripping.