Drumbi, which the accelerator backed in August last year, has secured a $2m A round.

Paul Musselman, formerly of Intel Capital and IBM's corporate development team, takes the top role at the language learning start-up, which spun off from Carnegie Mellon University.

The US-based analytics software company was the first spin-out from Germany-based software company SAP and has the backing of its corporate venturing unit.

Paul Musselman, formerly of Intel Capital and IBM's corporate development team, takes the top role at the language learning start-up.

The US-based data analysis company backed by UPS's corporate venturing unit secures an exit.

The revenue management company backed by Amazon and Hearst Corporation recruits Andrew Rutledge, whose past sales roles include posts at Google and Doubleclick.

The US-based celebrity endorsement company raises the funds with backing from Germany-based advertising company Ad Pepper Media, after reporting a 70% rise in gross billings in 2011.

OnPoint Technologies, part of the US army, was joined backing the energy asset management software company by venture firms including Clarement Creek and Arsenal.

Nokia's corporate venturing unit invests in the cloud services company bought in a buyout by private equity firm Oak Hill Capital Partners last year.

The event-based data company backed by AOL Ventures reportedly raises a new round.