Funds & Finance

  • 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.

  • September 18, 2017

    Big deal: Hong Kong launches $256m fund

    The autonomous territory’s government hopes to attract venture capital firms as co-investors of its Innovation and Technology Venture Fund, which will back local startups.

  • September 15, 2017

    Kerala accepts $78m mission

    The Indian state is aiming to raise a $78m fund of funds from early-stage firms to back local startups.

  • September 14, 2017

    ScaleUp grows to $82m with BC Tech Fund

    The government of British Columbia’s BC Tech Fund has committed capital to ScaleUp Ventures’ first vehicle.

  • September 12, 2017

    Ireland acts on $120m fund

    The Ireland Strategic Investment Fund, Enterprise Ireland and the European Investment Fund have contributed to a vehicle that is expected to reach close to $120m.

  • September 12, 2017

    Singapore to merge agencies

    Spring Singapore and International Enterprise are set to merge next year to form a new agency that will help businesses scale and expand internationally.

  • September 12, 2017

    Enterprise Ireland manufactures $900,000 fund

    The export credit agency is set to open applications for a fund aimed at the agritech, manufacturing, life sciences and renewables industries.

  • September 8, 2017

    Ireland sows $24m agtech fund

    The Ireland Strategic Investment Fund has partnered Finistere Ventures to launch a fund aimed at the agtech sector.

  • September 6, 2017

    Poland introduces $225m CVC fund of funds

    The PFR NCBR CVC Fund of Funds will put a total of $225m into corporate venturing units set up by domestic and overseas companies to stimulate the ecosystem.

  • September 4, 2017

    Qingsong attracts $130m for third fund

    More than 30 limited partners, including several government guidance funds, have committed capital to the venture capital fund.

  • September 4, 2017

    Melbourne gains $64m incubator

    University of Melbourne and RMIT University have put their weight behind a new incubator and accelerator that is being opened by the city of Melbourne.

  • August 31, 2017

    Vertex pushes beyond $150m

    Vertex Ventures has exceeded the $150m target for its latest fund, securing external investment for the first time from Kasikornbank.

  • August 30, 2017

    Széchenyi gains $31m

    The Hungarian government-backed fund has been extended by $31m and will now operate until the end of 2025.

  • August 29, 2017

    St Louis hammers out fund details

    The St Louis Regional Chamber has revealed the $5m Spirit of St Louis Fund I, which will offer seed capital to local startups in partnership with VC firms and banks.

  • August 24, 2017

    SparkLabs sets up $50m KDB-anchored fund

    The Korean accelerator operator has formed a $50m early-stage fund with Korea Development Bank and steel pipe maker Seah as anchor investors.

  • August 17, 2017

    Prince Edward Island backs $4m fund

    The provincial government of Prince Edward Island has put $2m into a fund raised by Island Capital Partners that seeks to support the local ecosystem.

  • August 16, 2017

    NZVIF to boost seed investments

    The government has raised the cap for seed investments by the New Zealand Venture Investment Fund from $180,000 to $1.1m with a view of letting the fund be more active.

  • August 16, 2017

    Mavcap-backed Meranti Fund celebrates $50m close

    The fund, managed by Gobi Partners on behalf of Mavcap, will focus on cloud services, e-commerce and fintech startups as well as Muslim entrepreneurs.

  • August 15, 2017

    Taiwan wants 30,000 startups

    The government’s investment arm, National Development Council, will make direct investments in startups going forward, moving away from a current model of subsidies.

  • August 5, 2017

    Editorial: Value shifts from ideas towards large company investors

    Emphasis inside government and among its advisers is that more value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

  • August 1, 2017

    UK to launch National Investment Fund

    The vehicle, which could be set up either as a public-private partnership or a government venturing fund with a view of being sold off at a later date, will aim to deal with a lack of EIF funding.

  • July 28, 2017

    EIF prepares $58.5m CEE fund

    The European Investment Fund has partnered Oxo Group with the aim of launching a fund focused on startups based in central and eastern Europe.

  • July 28, 2017

    LCIF adds five co-investment partners

    The London Co-Investment Fund has partnered five more firms, bringing the total number to 14.

  • July 28, 2017

    BlackFin steers to $117m for fintech fund

    Bpifrance and a host of insurance companies have backed the first close of BlackFin’s Tech Fund 1.

  • July 27, 2017

    Telangana ushers in funds

    The government has launched its innovation policy, as part of which it will create several funds such as a $310m master fund and a $39m seed fund.

  • July 26, 2017

    Enterprise Ireland to propel startups

    The export credit agency has launched the Propeller Shannon accelerator, a corporate-backed program aimed at startups in the aviation and aerospace industries.

  • July 25, 2017

    Paris&Co banks on fintech startups

    The French capital’s economic development agency is set to launch an incubator later this year that will focus on fintech businesses.

  • July 20, 2017

    Nigeria to launch creative industries fund

    Nigeria’s government has announced a $1m venture capital fund aimed at the creative economy.

  • July 19, 2017

    Pacific Alliance targets $120m fund

    Chile, Colombia, Mexico and Peru have joined forces to support entrepreneurial projects in the four countries, aiming to raise a $120m fund with the help of Angel Ventures.

  • July 18, 2017

    Corporates access Evolution in $125m fundraise

    Evolution Equity Partners has closed a $125m technology fund that has limited partners including Cisco Investments and the Polish government-backed Witelo Fund.

  • July 14, 2017

    Singapore springs to action with new fund

    Spring Seeds Capital’s $72.8m fund will focus on startups built on technology that requires significant developmental and commercialisation efforts.

  • July 11, 2017

    Partech packs public backers into $455m fund

    The European Investment Fund and Bpifrance have helped the VC firm close its seventh fund, taking its total fundraising near to $1.1bn in the past 18 months.

  • July 11, 2017

    Hong Kong to launch matched venture fund

    The fund is expected to be $255m in size and is set to launch within weeks, having been in development for several years.

  • July 11, 2017

    Blue Sky wins $38m SA fund bid

    South Australia has allocated the fund management of its $38m vehicle to Blue Sky Alternative Investments.

  • July 11, 2017

    Investors put their weight behind Ibtikar Fund

    International Finance Corporation and the Dutch Growth Fund are among the limited partners in Ibtikar, a $10.4m fund focused on startups in Palestine.

  • July 10, 2017

    Bpifrance helps Axeleo draw up first close

    Bpifrance is one of several limited partners to contribute to a $28.5m first close for enterprise technology acceleration platform Axeleo's first fund.

  • July 7, 2017

    RCIF gains $1bn

    The Russian-Direct Investment Fund and China Investment Corporation have both committed more capital to their Russia-China Investment Fund.

  • July 5, 2017

    Enterprise Ireland launches $68m fund

    The agency is welcoming applications for the Regional Enterprise Development Fund that aims to boost economic recovery across the country.

  • July 5, 2017

    Indonesia doubles down on incubation

    The government has increased its commitment to the ecosystem from $14.1m to $27.6m.

  • July 4, 2017

    EIF buys into $198m Cipio fund

    The vehicle, backed by the European Investment Fund, will focus on secondary direct and growth capital investments.

  • July 4, 2017

    Sarawak to sow $23.3m fund

    The Malaysian state is set to establish a venture capital fund focused on the agricultural sector.

  • June 29, 2017

    Investec devises $85m fund

    The fund will act as a successor to the Ulster Bank Diageo Venture Fund, with Enterprise Ireland and the Ireland Strategic Investment Fund expected to become LPs.

  • June 29, 2017

    KVIC applies $40m Korea fund

    Applied Materials' corporate venturing subsidiary will manage a fund formed with Korea Venture Investment Corporation to back South Korean startups.

  • June 29, 2017

    Bpifrance helps boost Cathay Innovation fund to $320m

    Private equity firm Cathay Capital has closed its first Cathay Innovation fund with backing from Bpifrance and China Development Bank.

  • June 28, 2017

    BioGeneration begets $75m fund

    The European Investment Fund has committed capital to BioGeneration Ventures’ third fund, which has a target size of $85m.

  • June 27, 2017

    Tide Africa Fund rises to $40m

    The fund has been backed by LPs including the African Development Bank and the European Investment Bank, with a final target size set at $100m.

  • June 27, 2017

    Horizon approaches $150m fund

    EBRD, IFC, FMO, DEG and other investors have backed the Emerging Europe Growth Fund III, which has a $150m target.

  • June 27, 2017

    Capnamic caps latest fund at $130m

    German-focused VC firm Capnamic Ventures has reached the final close of a fund backed by the EIF, KfW, NRW.Bank and a host of corporates.

  • June 27, 2017

    Ras Al Khaimah unveils first police fund

    Ras Al Khaimah Police has launched a venture capital fund aimed at the policing and securities sectors in the Arab region.

  • June 23, 2017

    Thailand designs $147m Digital Economy Fund

    The Digital Economy and Society Ministry is set to allocate the funding to startups with a view of helping them expand their business both domestically and internationally.

  • June 23, 2017

    KIC to expand into Singapore

    South Korea’s sovereign wealth fund is set to open its third office in Singapore, adding to its offices in New York and London.

  • June 23, 2017

    Corporates eye $280m IrisNext fund

    The firm has achieved the first close of its latest fund, backed by corporates including Orange, Publicis and Valeo as well as state-owned investment bank Bpifrance.

  • June 22, 2017

    Sanovas performs $75m fundraising

    Sanovas has signed an agreement with the government of Suzhou in China to create a $75m fund and innovation centre at the Chinese Academy of Sciences.

  • June 21, 2017

    Scotland readies $250m in funding

    The Scottish-European Growth Co-Investment Programme has been backed by the Scottish Investment Bank and the European Investment Fund.

  • June 21, 2017

    Queensland puts an extra $8.3m into fund

    The Business Development Fund will receive an additional funding boost to help build a sustainable local ecosystem for venture capital.

  • June 21, 2017

    Mumtalakat claims $300m in resources

    Bahrain’s sovereign wealth fund has revealed it has between $200m and $300m available for new deals and is seeking opportunities internationally.

  • June 21, 2017

    Mossad to infiltrate venturing world

    Israel’s intelligence service is set to take a leaf out of the CIA’s book by establishing an investment arm that will focus on local startups relevant to the security sector.

  • June 20, 2017

    Medicxi nabs EIF to close $300m fund

    The European Investment Fund is among the limited partners for the late-stage fund, which will complement the GSK and Johnson & Johnson-backed fund Medicxi closed in 2016.

  • June 20, 2017

    State-backed 500 Startups Japan scales to $35m

    The government-owned Cool Japan Fund has provided $10m for the seed-stage venture firm's Japanese fund, which also counts Nikon, Mixi, Mitsubishi Estate and Mizuho Bank as backers.

  • June 14, 2017

    London looks to Better Futures

    The UK’s capital city is set to open an incubator aimed at cleantech startups, with financial support from the European Regional Development Fund.

  • June 13, 2017

    Lumira grows with $11m from Northleaf

    Northleaf Venture Catalyst Fund has injected $11m into life sciences-focused fund Lumira Capital IV.

  • June 13, 2017

    Vnesheconombank to help launch $200m fund

    The Russian development bank has inked an agreement with Srei Infrastructure Finance to establish a $200m vehicle aimed at IT.

  • June 13, 2017

    Bahamas injects additional $5m into fund

    The Bahamas Entrepreneurial Venture Fund is set to put an additional $5m in capital on top of the annual $1m subsidy, to cope with a backlog of applications.

  • June 8, 2017

    Canada to catalyse SMEs with $296m

    The government is considering an initiative to boost SMEs in the country, with Business Development Bank of Canada among the parties consulting with the private sector.

  • June 8, 2017

    BDC Capital dedicates $185m to growth equity

    BDC Capital will inject a total of $185m into growth-stage businesses over the next five years.

  • June 7, 2017

    AP2 rises to sustainability challenge

    The pension fund has put $50m into the Rise Fund, an impact investment initiative that focuses on challenges outlined in the UN Sustainable Development Goals.

  • June 6, 2017

    EU to focus on small businesses

    Venture capital funds in the European Union are expected to be regulated less rigidly to support the SME ecosystem in the single market.

  • June 6, 2017

    Mistral winds up with $26m

    BDC Capital has supported a $26m close for the Mistral Venture Partners II fund.

  • June 5, 2017

    Enterprise Ireland sets its sights on $67m fund

    The regional development fund is set to provide up to $5.6m in funding to projects.

Most read

  1. News round up 9 October 2017

    October 09, 2017

  2. Editorial: France chases $12bn fund vision

    September 25, 2017

  3. Big deal: October kicks off with fundraising galore

    October 09, 2017

  4. Deal net: 25 – 29 September 2017

    September 29, 2017

  5. News round up 25 September 2017

    September 25, 2017