Energy

Ruckus claims that nearly 60% of its revenues comes from telecommunications carriers such as Deutsche Telekom, demonstrating the strong business model of turning your financial backers into paying customers.

Speaking at the Open Innovation forum in Moscow, Alexey Kalinin, Rosatom project director, said: "We are in a tender process to appoint a general partner (GP) to manage the fund and hope to close in early 2013 with $250m to $300m."

Hydropower firm Green Highland Renewables has raised $3.3m led by Scottish Equity Partners's Environmental Energies Fund

In March, Itochu bought a stake in Zeachem for an undisclosed sum and now adds to its C round.

Question of whether senior management can invest counter-cyclically and stay the course if the investment thesis remains true even if economic conditions turn sour.

Mainport, which invests on behalf of fund investors like KLM, Rabobank, Schiphol and Delft University of Technology and the Worldwide Fund for Nature (WWF), backs the airborne wind energy company.

China-based gaming portal and downloads site YY.com is seeking a US initial public offering [IPO] after filing its F-1 with the SEC on Monday, and is looking to raise $100m in the offering.

A123 Systems is selling its assets to US-based industrial group Johnson Controls for $125m, which has agreed to provide A123 with $72.5m in debtor in possession financing which would allow the company to keep operating during the bankruptcy proceedings.