Online Spanish language educator TareasPlus receives $1.8m in seed funding from distance learning provider Academic Partnerships.

Nuzzel, a social news platform set up by the founder of Friendster, reportedly raises $1.7m in seed funding from investors including IDG Ventures.

Read say: "Digital is now something like 30% of revenue [at WPP] and Paidcontent ranked us number seven in its list of the top global digital media businesses. What we are trying to do is digitise the group."

BlueRun Ventures and Softbank China Venture Capital have invested in China-based fashion e-platform Tianpin.com

The venture capital arm of Legend Holdings, Legend Capital has invested in Phoenix Holiday International Travel Service.

The Business Growth Fund has invested $16.2m in broadband comparison site Broadbandchoices.co.uk.

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Silicon Valley Bank has invested $1.5m in online party planning start-up Punchbowl.com.

The provider of IT and data centres for outsourcing was backed by listed financial investor MCG Capital Corporation and venture firm Signal Peak Ventures.