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Venture capital firm MMC Ventures has made another play in the cloud computing market by backing Reading-based Invenias.

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MMC Ventures has made its fourth play from its MMC London Fund a day after it was officially launched at City Hall in London.

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MMC Ventures has launched its MMC London Fund after winning a mandate from the Mayor of London and the European Regional Development Fund.

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Venture capital-backed Love Home Swap has landed its first acquisition, using the investment capital it secured through its two 2012 fundraisings.

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MMC Ventures has backed Love Home Swap for the second time in 2012 by investing £800,000.

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Investor MMC Ventures has led an £850,000 round in home-swapping website Love Home Swap.