Oil and Gas Climate Initiative, which operates a $1bn fund backed by 10 corporates, has named Solidia Technologies and Achates Power among its first investments.

Spinouts developing products ranging from troubleshooting for quantum computers to energy efficient wifi devices will be supported by the innovation fund.

Cardiac valve replacement developer HighLife Medical has raised $14.3m from investors including medical device maker and existing backer LivaNova.

Lendingkart unit Lendingkart Finance has secured $24.9m in debt and equity financing from backers including Tata Capital Financial Services.

The Intel and Nike-backed retail marketing software developer will use the proceeds from the Hasso Plattner Ventures-led round for global growth.

QBE Ventures has selected RiskGenius as its first portfolio business, having launched with $50m in funding earlier this year.

The social learning platform boosted its overall funding to more than $38m with a $14m round that included existing investor Naspers.

SEB, Nordea and ABN Amro have contributed to a $16.4m round that took the mobile wallet developer's total funding to more than $31m.

The R/GA-backed smart kitchen technology developer secured the funding in a round co-led by D-Ax, Circularity Capital and Mustard Seed.