Funds & Finance

  • January 19, 2018

    BPI France joins $172m Ring Capital round

    Danone, AG2R La Mondiale, Bred and BPifrance are among the limited partners for the recently launched, France-based venture firm.

  • January 19, 2018

    EIF backs Luminar’s $50m seed fund

    The Swedish venture capital firm plans to invest in the country’s technology companies.

  • January 19, 2018

    Ontario plans $60m venture fund investments

    The state-owned body aims to focus on sectors of particular economic importance to the region.

  • January 12, 2018

    China Development Bank and Bpifrance team up for $1.45bn fund

    New agreement signals further cooperation between the nations.

  • January 8, 2018

    GIC and Goldman become main Vector Capital partners

    The private-equity company has just completed a major restructuring.

  • January 8, 2018

    Ex-Invitalia Ventures boss Mizzi joins Principia

    The new general partner also ran Telecom Italia’s corporate venturing arm Tim Ventures.

  • January 8, 2018

    EU limiting funds for UK firms, Newable claims

    Backing from Brussels for British startups appears to have dried up ahead of Brexit.

  • December 22, 2017

    EIF catches Fly Ventures for $41m fund

    European Investment Fund was among the LPs for AI-focused venture capital firm Fly Ventures' first fund, which has closed at $41m.

  • December 21, 2017

    Food Works dishes up 2018 lineup

    Origin Clean, Jupsy, Feed and Wellnice will take part in the accelerator, which is run by Bord Bia, Teagasc and Enterprise Ireland.

  • December 21, 2017

    SamInvest jumps into $119m life sciences fund

    The fund will back life sciences technology developers located in areas of Europe underserved by venture capitalists, particularly in the Nordic region.

  • December 19, 2017

    EIB puts $59m into Čez’s Inven Capital

    The European Investment Bank and utility Čez have agreed to each supply $59m in funding to the corporate’s investment subsidiary Inven Capital.

  • December 19, 2017

    Canada prepares second $311m VC drive

    The BDC-run initiative will provide $272m for established fund-of-funds and $38.9m for underrepresented groups such as women or emerging sectors.

  • December 19, 2017

    EIF backs $160m Nordics-focused fund

    Finland-based Inventure Partners’ third fund will enter seed and series A rounds for businesses from the Nordic and Baltic regions.

  • December 18, 2017

    China and UK launch $1bn fund

    The two partners will support projects that fall under China’s Belt and Road Initiative, with the fund managed by institutional investors from both countries.

  • December 14, 2017

    EIF backs $330m medtech fund

    The medtech-focused vehicle will back approximately 15 Europe and North America-based businesses working in the areas of medical devices, diagnostics and digital health.

  • December 14, 2017

    NSI Ventures shoots for $125m second fund

    NSI Ventures, which had obtained a commitment from Temasek for its previous vehicle, has achieved a first $60m close for its second fund.

  • December 14, 2017

    Argentina kicks off three $12m funds

    The vehicles will be managed by Jaguar Ventures, Drayper Cygnus and NXTP Labs and focus on high-potential science, technology and social businesses.

  • December 13, 2017

    Hubei drives Cathay's cartech vehicle to $226m

    Cathay Pacific has launched a fund that will invest in automotive and mobility technology, with Yangtze River Industry Fund acting as a cornerstone investor.

  • December 13, 2017

    One to Watch seeks Nepal impact with $20m fund

    The firm has been backed by the state-owned Dutch Good Growth Fund as it aims to fund Nepalese SMEs deemed too risky by conventional VC and microfinancing.

  • December 13, 2017

    U.Ventures to focus on Ukraine and Moldova

    Western NIS Enterprise Fund, backed by USAid, has launched a new fund that will focus on startups in Ukraine and Moldova.

  • December 12, 2017

    AmorChem generates second fund

    VC fund manager AmorChem has launched AmorChem II, a $44.2m seed-stage life sciences fund backed by the government of Quebec.

  • December 12, 2017

    Ireland picks 21 for $70m fund

    The projects will share $35m from the Regional Enterprise Development Fund aimed at spurring economic growth.

  • December 7, 2017

    EBRD enters $118m Enterprise Expansion Fund

    The Western Balkans-focused fund has attracted capital from European Bank for Reconstruction and Development and several other development institutions.

  • December 6, 2017

    Hopu hopes for $2.5bn in latest fund

    The China-based private equity firm has so far raised $1bn from LPs including China Investment Corp, Hong Kong Monetary Authority, Temasek and GIC.

  • December 5, 2017

    Episode 1 pilots $81m fund

    British Business Bank has put its weight being Episode 1’s $81m Enterprise Capital Fund as the EU-owned European Investment Fund halts investments in the country.

  • December 5, 2017

    Rajasthan to focus on women-led startups

    The Indian state is set to launch an investment fund to encourage more women entrepreneurs.

  • December 5, 2017

    Bpifrance accelerates healthcare startups

    The French state-owned investment bank has established an accelerator aimed at startups in the healthcare sector, including biomedicine, medical technology and digital health.

  • December 5, 2017

    Corfo contributes to $8m seed fund

    Chile’s government has provided $6m to an $8m seed fund that will focus on software developers in the southern part of the country.

  • December 5, 2017

    Enterprise Ireland powers NDRC@ArcLabs

    The accelerator will welcome applications from domestic and international teams across all technology sectors, with several local authorities also putting their weight behind the program.

  • December 5, 2017

    Meloy records $17.1m GEF-backed fund

    Impact investment vehicle Meloy Fund is aiming to encourage more sustainable fishing practices in coastal communities of the Philippines and Indonesia.

  • December 5, 2017

    Telangana to launch $2.3m women-focused VC fund

    The vehicle, which will invest between $39,000 and $155,000 in each selected startup, follows similar plans unveiled by the Indian state of Rajasthan.

  • December 1, 2017

    Fortino builds up $240m fund

    PMV has committed to be cornerstone investors in the fund, which has achieved a $150m close.

  • December 1, 2017

    Real takes in $140m for two funds

    Real Ventures has secured capital from limited partners including Singapore state-owned investment firm Temasek for funds aimed at Montreal and wider Canada.

  • November 29, 2017

    Russia advances VC plans

    Russia's state-owned enterprises and agencies have made a flurry of investment announcements to drive the country's innovation agenda.

  • November 28, 2017

    Alberta moves into $135m Yaletown fund

    Alberta Enterprise is set to contribute $10m to the first close of the smart technology-focused Yaletown Innovation Growth Fund.

  • November 28, 2017

    Monaco backs $132m sustainability fund

    The Constitutional Reserve Fund of Monaco has agreed to back the Nobel Sustainability Growth Fund through the Nobel Sustainability Fund.

  • November 27, 2017

    EIF backs $375m Balderton Capital fund

    Balderton has closed its sixth fund at $375m with the European Investment Fund as a limited partner, marking a rare exception to the EU-owned fund’s decision to halt UK commitments.

  • November 27, 2017

    MIF joins $120m NXTP fund

    IADB’s investment arm will act as an anchor investor for NXTP’s tech-focused vehicle that will back 30 to 40 businesses in Latin America.

  • November 24, 2017

    Ireland launches fast-track innovation funding

    Businesses can apply for up to $178,000 from Enterprise Ireland under an expedited process designed to encourage export growth.

  • November 24, 2017

    Russia launches $175m tech fund for Far East

    Three state-owned investors have set up a fund to inject up to $17.4m into each selected startup in the Russian Far East.

  • November 23, 2017

    Ewe dispatches HTGF III investment

    HTGF has secured additional capital for its third seed fund from utility Ewe, which is seeking to future-proof its infrastructure by 2026.

  • November 22, 2017

    British Business Bank goes to SeedCamp for fourth fund

    The Europe-focused VC firm has raised more than $54m from LPs including British Business Bank.

  • November 21, 2017

    Definvest targets startups with $59m

    Bpifrance and the Ministry of the Armed Forces have partnered to launch a $59m fund aimed at small and medium-sized enterprises in the defence sector.

  • November 20, 2017

    Halo targets $29m outlay by 2020

    The state-backed angel syndicate initiative will take particular interest in the medtech, healthcare and IT sectors, which represented the majority of angel funding during 2016.

  • November 17, 2017

    Aavishkaar receives $95m for sixth impact fund

    The Aavishkaar Bharat Fund, which has a target size of $200m, will partially focus on growth-stage businesses as interest from foreign development institutions tapers off.

  • November 16, 2017

    Women in Tech program amasses $55m

    BDC Capital has completed investments worth $2.4m in women-led technology startups since launching the Women in Tech initiative in 2016.

  • November 16, 2017

    Argentina tenders three $12m funds

    Eleven VC firms have applied to run one of three $12m state funds as Argentina builds on moves towards deregulation for entrepreneurs unveiled in October 2016.

  • November 14, 2017

    Gates invests $50m into Dementia Discovery Fund

    The investment will go towards the UK government-backed fund’s organisational growth as it seeks alternative approaches to tackle dementia.

  • November 14, 2017

    Iran gears up for funds

    Government-backed vehicles will be launched by the Iranian ministries for health and ICT as well as the supreme councils for trade, industry and economic zones.

  • November 13, 2017

    CIC and Goldman Sachs to seal $5bn partnership

    The pair have agreed to launch a vehicle geared towards US-based companies capable of expanding into the Chinese market.

  • November 13, 2017

    South Korea backs $20m Mexico-based fund

    State-backed fund-of-funds manager KVIC will provide $8m in a move which sharpens economic ties between South Korea and Mexico.

  • November 9, 2017

    SoftBank grows Vision Fund to $97.7bn

    SoftBank revealed the enlarged size of its Vision Fund, backed by several sovereign wealth funds, in its quarterly earnings report.

  • November 9, 2017

    FMO and Shell hook up energy fund

    Dutch development bank FMO will target startups with the potential to alleviate poverty in sub-Saharan Africa and India.

  • November 7, 2017

    EIF and Danish Growth Fund to make an impact

    The Social Capital Fund Invest will aim to benefit marginalised Danish communities in the first initiative backed by the EIF's Social Impact Accelerator program.

  • November 7, 2017

    Malaysia deploys $11.8m co-investment fund

    The matching fund will aim to nurture equity crowdfunding and peer-to-peer lending to broaden the investment base for local small and medium-sized enterprises.

  • November 6, 2017

    South Korea ramps up startup incentives

    A $9bn fund will be launched alongside other incentives for both startups and investors to further South Korean president Moon Jae-in’s policy of backing domestic SMEs.

  • November 3, 2017

    Brazil connects internet of things funds

    BNDes will launch two internet of things-focused funds as part of the Brazilian development bank’s five-year blueprint drawn up to capture the technology’s economic benefits.

  • November 3, 2017

    Adobe houses $21m fund

    The fund will target Mexican companies operating in sectors such as affordable housing, education and alternative energy.

  • November 2, 2017

    Temasek to launch fourth private equity-backed bond

    The rumoured launch of Astrea IV would continue Temasek’s efforts to reach a larger pool of co-investors than its accredited partners.

  • November 1, 2017

    CircleUp radiates $125m consumer goods fund

    CircleUp, a consumer goods crowdfunding platform, has launched a new fund backed by Temasek to invest in up to 40 packaged goods businesses.

  • October 31, 2017

    BioGeneration Ventures III grows to $95m

    Backed by the European Investment Fund in June, the fund has now reached its final close with commitments from Bristol-Myers Squibb and Johnson & Johnson.

  • October 30, 2017

    Mumtalakat mulls Vision Fund investment

    Bahrain's sovereign wealth fund is considering a commitment that will help SoftBank's fund reach its $100bn target for a final close.

  • October 27, 2017

    EIB backs $103m close for Italia Venture Fund

    The EU-owned development agency has put capital into public-private partnership Italia Venture Fund I to aid Italy's attempt at closing the venturing gap on its European peers.

  • October 27, 2017

    MMC London smashes co-investment target

    The London mayoralty-owned vehicle has marked two exits and attracted 700% as much outside investment for SMEs in the capital than was originally anticipated.

  • October 27, 2017

    EBRD backs $70m Alterum fund

    The contribution to VC fund Alterum Capital Partners I will help spur venturing in southeast Europe and is likely to draw a commitment from the EU-owned EIF.

  • October 26, 2017

    Ireland equips software-focused fund with $100m

    The investment by Ireland's sovereign wealth fund, ISIF, is anticipated to result in at least $294m in funding for Ireland-based software developers.

  • October 24, 2017

    Wales launches $580m development bank

    Development Bank of Wales has evolved from the former state-owned investment arm Finance Wales and will deploy a new $131.7m fund aimed at providing patient capital.

  • October 24, 2017

    Chinese VC investments creep above $1bn

    China’s VC strategy has focused on high-value sectors such as AI and robotics through an expansion of regional government-owned guidance funds.

  • October 20, 2017

    Capagro harvests $146m fund

    Bpifrance returned for a $78m second tranche, which brought the agribusiness venture fund’s total to $146m and will enable Capagro to increase the size of investments.

  • October 20, 2017

    New South Wales ignites $118m fund

    The Australian state government of New South Wales hopes its private equity fund will help generate up to 4,900 new jobs by 2025.

  • October 20, 2017

    RWE switches on HTGF III commitment

    RWE Generation has supplied a seven-figure amount for HTGF III, launched by the German government to back domestic startups.

  • October 19, 2017

    Mubadala anchors VC campaign in San Francisco

    The US division will control the sovereign wealth fund's commitment to the Vision Fund and oversee two new vehicles, including one in partnership with SoftBank.

  • October 18, 2017

    CDPG calculates $50m fintech fund

    Caisse de dépôt et placement du Québec and Desjardins have each contributed $25m to a fund that will invest in fintech developers, with an emphasis on artificial intelligence.

  • October 18, 2017

    Punjab engineers $20m fund

    1839 Ventures has partnered Punjab Information Technology Board to take advantage of growing momentum in Pakistan’s VC sector.

  • October 18, 2017

    Temasek International announces executive changes

    The reorganisation means Temasek International’s CEO, Lee Theng Kiat, will also be deputy chairman.

  • October 13, 2017

    Wavemaker makes $66m splash

    Wavemaker’s second fund has attracted commitments from Temasek and International Finance Corporation.

  • October 13, 2017

    EIB puts $10m into $100m Ethiopia fund

    Cepheus Growth Capital has raised an initial $10m for its Ethiopia-focused vehicle, with further investments anticipated from other international investors.

  • October 13, 2017

    Canadian agencies back Volta Cohort incubator

    Volta Cohort will offer each early-stage participant up to $25,000 in funding in a bid to strengthen the VC ecosystem of the Atlantic Canada region.

  • October 12, 2017

    Vertex to meet AI startups in $3.5m competition

    Vertex Ventures has joined Microsoft, Madrona Venture Group and Notion Capital to launch a contest for early-stage AI startups called Innovate.AI with a total prize pot of $3.5m.

  • October 11, 2017

    Bpifrance grades Educapital’s $53.1m first close

    Educapital’s venture strategy will be to seek a larger slice of the global edtech market for companies in Europe.

  • October 11, 2017

    Ghana relaunches scandal-hit VC vehicle

    Ghana’s Venture Capital Trust Fund will have $50m on hand to invest in the country’s small and medium-sized enterprises.

  • October 10, 2017

    Scotland’s strategic investments climb 21%

    Scottish Investment Bank supported 146 of the country’s companies, drawing private sector commitments worth $140m.

  • October 10, 2017

    NZ Super Fund reigns supreme

    Returns growth at NZ Super has averaged 10.2% since the state-owned pension fund launched in 2001, despite the fact that government contributions were paused in 2009.

  • October 9, 2017

    Big deal: October kicks off with fundraising galore

    Russia and Saudi Arabia have launched a $1bn vehicle, Enterprise Ireland has added another Competitive Start Fund and African Development Bank has put its weight behind a $200m fund.

  • October 6, 2017

    Russia-Saudi partnership registers $1bn fund

    The vehicle is part of a $10bn agreement struck between RDIF and Public Investment Fund in 2015 which seeks to invest in Russian businesses.

  • October 6, 2017

    Enterprise Ireland seeks experienced entrepreneurs

    The latest competitive start fund will aim to lure seasoned business figures to redress the ecosystem’s imbalance that has favoured younger founders.

  • October 5, 2017

    AfDB backs African healthcare fund

    African Development Bank is a limited partner in the $200m Rx Healthcare Fund, which will back companies that can help improve healthcare in Africa.

  • October 5, 2017

    Temasek incubator aims for life sciences success

    The vehicle will aim to commercialise local startups and spinouts from Temasek Life Sciences Laboratory, a division of the firm's philanthropic arm Temasek Trust.

  • October 4, 2017

    Karnataka cooks up $6.1bn startup centre

    The artificial intelligence and data science-focused hub will aim to support 35,000 new jobs within five years.

  • September 28, 2017

    Netherlands kickstarts $117.7m growth-stage initiative

    The Dutch Growth Co-Investment Program will receive capital from the European Investment Fund to help unlock private funds for companies looking to scale up.

  • September 28, 2017

    Enterprise Ireland installs Medtech Accelerator

    Enterprise Ireland will select 14 teams in the hope of encouraging more companies capable of generating $1.2m in export turnover within three years.

  • September 27, 2017

    Shanghai hails $983.3m technology fund

    Several state-owned enterprises have backed the vehicle, which will aim to raise $4.52bn for startups and funds in technology sectors including advanced manufacturing and biomedicine.

  • September 27, 2017

    Roscosmos counts down to space fund

    Roscosmos’s new fund targets university intellectual property as well as the production of small satellites and light missile carriers.

  • September 26, 2017

    Mexico sows $4.1m agtech strategy

    Focir, a government-owned investment vehicle, has backed three venture capital funds to help bolster local agtech startups.

  • September 25, 2017

    Editorial: France chases $12bn fund vision

    The French government hopes its innovation fund will have $239m available to invest in technologies such as artificial intelligence and transportation per year.

  • September 22, 2017

    Portugal prescribes $77.4m life sciences push

    Portugal’s Instituição Financeira de Desenvolvimento will partner a foreign fund for to launch a $77.4m campaign aimed at backing domestic late-stage life sciences startups.

  • September 22, 2017

    New Brunswick unveils sidecar funds

    Early-stage startups in the province will have access to funds operated by Opportunities NB that will aim to prop falling private-sector investment.

  • September 21, 2017

    Israel gears up for four funds

    Eucalyptus Innovation Capital has thrown its hat in the ring to manage one of the government-backed funds aimed at the technology sector.

  • September 20, 2017

    Seraphim Space Fund counts down to $95m fund

    Seraphim Capital's space-focused VC fund has achieved a $95m close with contributions from British Business Bank and European Space Agency.

  • September 20, 2017

    Pittsburgh mayor eyes fund

    Pittsburgh’s mayor is looking to establish a startup fund as the city prepares for a next-generation manufacturing push.

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