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The market has been stunned by the sudden collapse of the internet infrastructure company that last year made the headlines with a massive financing round.
Nexo, an Switzerland-based start-up, seeks to supply the automotive industry with telematics infrastructure and systems applications.
At the interim closing Jerusalem Venture Partners has $350m in commitments for its latest communications fund.
An early stage technology fund investing in UK and Ireland has been set up that plans to use an advisory panel of seasoned technology entrepreneurs to add value.
The European VC firm believes now is the time to be investing in companies offering “must have” products and services.
The size of the fund will allow the private equity firm to "follow companies all the way through from initial investment," according to its managing director.
The fund will focus on the Nordic region and Germany and will make investments in established industrial and services companies.
This fourth round brings the total raised by the company to E389m.
Allianz Capital Partners, Round1’s chief executive and some private individuals have invested in this second round of financing.
The fund, which had an original target of £50m-£75m, will make investments in UK-based start-up and early-stage technology businesses.

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