Rodolphe Menegaux, investment director at XAnge, said: "Online marketing is a targeted sector for investment through our multi-corporate venture fund."

Expedia joined travel expense software provider Concur Technologies and former executives Rich Barton and Erik Blanchford in US-based hotel search engine Room 77's $30.3m series C round.

Recruit Incubation Partners has acquired a stake in Net Marketing for Y112m ($1.3m) from existing investors.

YJ Capital, Yahoo Japan's Y1bn corporate venture fund, has made its first investment participating in a Y120m round of funding for Raksul.inc

Social game developer Donuts has acquired Social Lunch, a website operated by SyncLunch, a year and four months since its launch.

Seed accelerator SunBridge Global Ventures has invested in US-based Language Cloud through the SunBridge Startups programme.

Sadara, a Palestine-focused investment firm, invests $1m into Souktel, a mobile tech venture, via a fund backed by Google and Cisco.

Bright Capital Digital invests $3.5m in Russian based Fotoshkola.net, an online training resource for amateur photographers.

Ward Howell sets up its Talent Equity Venture Fund to invest in start-ups valued at up to $5m, working on geographically scalable professional training and HR projects.