Anna Haghgooie, managing director of Sandbox Industries, founded in 2003, added: "NaviHealth's innovative approach and technology delivers enhanced quality of care and reduces post-acute care costs - benefitting both our plans and members."

Tom Baird, chief executive of Unified Nexsys, said: "Having a strategic partner such as Aerojet is unusual for a company of our size."

Compositence raised its prior, seed round in June 2011.

Shellye Archambeau, chief executive at MetricStream, said: "This strategic investment led by Goldman Sachs will further enable us to accelerate our innovation and market leadership."

Advanced Underwater Surveys, a St Andrews and Dundee universities spin-out, sells 50% interest to DeepOcean UK to form ADUS DeepOcean.

Perdue University alumni venture consortium launches to support Purdue commercialisation efforts.