Funds & Finance

  • 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.

  • June 1, 2017

    Vertex to launch Israel and US funds

    The firm is reportedly going to launch two new funds aimed at the US and Israel, as the existing two vehicles near full deployment.

  • May 31, 2017

    HTGF III celebrates $275m first close

    High-Tech Gründerfonds has attracted the Federal Ministry for Economic Affairs and Energy and KfW as well as a total of 26 corporates to its third fund.

  • May 26, 2017

    Kedaara collects $40m from IFC

    International Finance Corporation has agreed to provide up to $40m to Kedaara Capital Advisors’ fund aimed at Indian businesses in sectors such as logistics.

  • May 25, 2017

    Pentech fund benefits from British Business Bank

    The economic development bank has contributed to an oversubscribed $114m fund.

  • May 22, 2017

    EIF cancels UK funding commitments

    The European Investment Fund has withdrawn from funding commitments made to UK-based venture capital firms following the country’s decision to leave the EU.

  • May 19, 2017

    IFC helps grow $220m Arbor fund

    Arbor Ventures is set to secure up to $15m from the International Finance Corporation for its second fund.

  • May 18, 2017

    China launches $21.8bn guidance fund

    The Beijing government has joined forces with a host of state-owned enterprises to establish a guidance fund aimed at innovative technologies such as quantum teleportation.

  • May 18, 2017

    WestBridge connects to EIF

    The European Investment Fund has put $26m into the UK-based investment firm’s second fund.

  • May 17, 2017

    Oman anchors $15m fund

    The Oman Investment Fund is one of the anchor investors in 500 Startups’ latest vehicle, a $15m fund aimed at startups in the Middle East and North Africa.

  • May 16, 2017

    China weaves $500m Silk fund

    The Chinese government has backed venture capital fund Silk Ventures through its Assets Supervision and Administration Commission Shenzhen.

  • May 16, 2017

    Uttar Pradesh to create $31m fund

    The Indian state’s newly elected government is keen to support local micro, medium and small enterprises with an initial commitment of $31m for a VC fund.

  • May 12, 2017

    China unveils $2.6bn fund

    The Ministry of Finance, the National Development and Reform Commission and the State Development and Investment Corporation are among the backers of the new VC fund.

  • May 11, 2017

    IFC reaches for Stellaris with $10m

    Stellaris Venture Partners India I, a technology-focused early-stage fund with a $100m target size, has secured a $10m commitment from the International Finance Corporation.

  • May 9, 2017

    BDC stands up for startups

    BDC Capital has backed the StandUp Ventures Fund I, a women-focused fund that has made its first investment in Tealbook.

  • May 5, 2017

    Xiaomi ventures to Hubei for $1.7bn fund

    Xiaomi will put up a third of the capital for Xiaomi Yangtze Industry Fund, which will target hardware investments, with Hubei's guidance fund and the province's largest city the other LPs.

  • May 5, 2017

    BDC Capital goes for $200m fund

    The fund will focus on small and medium-sized enterprises based in Canada’s four Atlantic provinces, with the cash deployed over the next two years.

  • May 4, 2017

    RDIF looks to Japan for joint $900m fund

    The Russia-Japan Investment Fund will be funded by the Russian Direct Investment Fund and Japan Bank for International Co-operation.

  • May 4, 2017

    EIF and Bpifrance elevate Elaia Delta Fund to $125m

    France-based venture firm Elaia Partners has reached the first close of its fourth fund, with the European Investment Fund and Bpifrance contributing capital.

  • May 4, 2017

    Bpifrance secures $55m fund

    The vehicle, launched in collaboration with France’s arms procurement office, will back companies that have developed technology relevant to the country’s defence industry.

  • May 4, 2017

    EIF and Tekes put $33m into EAF fund

    The EAF Finland fund aims to boost angel investments in the country.

  • May 4, 2017

    Vendep gets down to business with $44m fund

    Finnish Industry Investment is among the limited partners of the Vendep Capital Fund II, which will focus on Finland-based business-to-business software developers.

  • May 3, 2017

    Enterprise Ireland opens doors to PorterShed

    The NDRC at PorterShed Accelerator will provide a boost to Ireland’s ecosystem and is open to applications from both domestic and international entrepreneurs.

  • May 2, 2017

    EIF and EBRD anchor $164m V4C fund

    The V4C Poland Plus fund will make investments in small and medium-sized enterprises as well as small mid-cap businesses, with a particular focus on the services sectors.

  • May 2, 2017

    BDC Capital grows GTC division to $1.3bn

    The Growth and Transition Capital division has been allocated $1.3bn in funding to invest in growth-stage businesses in Canada.

  • May 2, 2017

    Singapore seeks $718m opportunities

    The city state is establishing a new fund to support companies’ overseas expansion efforts as part of an aim to double the number of IP experts to more than 1,000 over the next five years.

  • May 2, 2017

    Enterprise Ireland launches $820,000 fund

    The agency will open applications for its Competitive Start Fund for Female Entrepreneurs tomorrow, with up to $55,000 in equity funding available for up to 15 applicants.

  • April 27, 2017

    SeedPlus adds investors to $18m fund

    The fund has attracted Cisco and Eight Roads Ventures as limited partners, which already included the International Finance Corporation and Infocomm Investments.

  • April 21, 2017

    Investors dive into $166m Nauta Capital fund

    The European Investment Fund tops a long list of public investors in the early-stage VC firm’s fund.

  • April 21, 2017

    Advent France Biotechnology arrives at $69.2m fund

    The life sciences investment firm has raised $69.2m in seed funding from limited partners including Bpifrance and aims to back French entrepreneurs and early-stage companies.

  • April 20, 2017

    EIF and Luxembourg process European Cyber Fund

    The European Cyber Fund, backed by the European Investment Fund and the Luxembourg Future Fund, will invest in cybersecurity companies throughout Europe and internationally.

  • April 18, 2017

    Tamil Nadu plans $78m fund

    The state government will provide the money for the fund, which will be managed by industry experts.

  • April 18, 2017

    Enterprise Ireland serves up meat research program

    The $8.6m initiative is expected to further develop exports of the Irish beef and sheep meat industries, and mitigate the potential impacts of Brexit.

  • April 13, 2017

    Tianjin City launches $17.4bn fund

    The fund will support the growth of industries including high-end manufacturing, IT, aerospace, new energy, new materials, pharmaceuticals and internet-related services.

  • April 13, 2017

    Wells Fargo expands Innovation Incubator to $30m

    The bank's cleantech incubator, formed with the US Department of Energy three years ago, will also expand its interest to transport, sustainable agriculture and the microgrid.

  • April 13, 2017

    BDC helps accelerate Calgary startups

    BDC Capital and GE Ventures have launched a fund aimed at startups participating in the Zone Startups Calgary accelerator.

  • April 10, 2017

    Big deal: Mavcap closes in on $50m

    The Malaysian government venturing firm is set to announce a $50m first close for its Southeast Asian growth fund, which was initially announced in December.

  • April 10, 2017

    Danish Growth Fund celebrates $87m profits

    Danish entrepreneurs, venture funds with a global outreach and local companies conducting an initial public offering are all set to benefit from the fund’s profit.

  • April 5, 2017

    Canada boosts Business Innovation Fund to $994m

    Sectors such as digital industries, life sciences and cleantech are set to benefit from an additional $447m allocated to the Business Innovation Fund.

  • April 5, 2017

    Enterprise Ireland allocates $47m to startups

    The export credit agency is putting up to $47m in additional capital in seed and early-stage companies, issuing a competitive call for applications to manage the funds.

  • April 5, 2017

    BC Tech Fund provides shot in the arm for Lumira Capital IV

    The government of British Columbia’s venture capital fund will invest in healthcare and life sciences through a contribution to Lumira’s new vehicle

  • April 4, 2017

    South Korea to set up $102m biotech fund

    The fund is expected to create new jobs and technology, and to help revitalise the country’s economy.

  • April 4, 2017

    IFIC to drive technology and healthcare investments

    The fund hopes to make roads safer, reduce pollution and improve the lives of Iranians.

  • March 31, 2017

    EBRD turns to Sallé de Chou for Tunisia

    Antoine Sallé de Chou has succeeded Marie-Alexandra Veilleux-Laborie as head of Tunisia for the European Bank for Reconstruction and Development.

  • March 28, 2017

    Canada unveils 2017 budget

    Measures include a $710m commitment to establish clusters focused on technologies such as artificial intelligence and $300m to support the innovation ecosystem through the Venture Capital Catalyst Initiative.

  • March 28, 2017

    EBRD sees $150m Horizon

    The bank is considering an equity investment of up to $30m in Horizon Capital Advisors’ Emerging Europe Growth Fund III.

  • March 23, 2017

    500 Startups opens Melbourne office

    The decision follows a $2.3m investment from Victoria state-owned investment fund LaunchVic.

  • March 23, 2017

    Pi Ventures calculates IFC funding

    IFC is set to invest $3m the early-stage venture fund, which is seeking between $30m and $40m for its maiden fund.

  • March 22, 2017

    Durham appoints Maven as $25m fund manager

    Business Durham, the economic development arm of the Durham County Council, has named Maven Capital Partners as the manager of a $25m fund.

  • March 21, 2017

    AFD helps develop Oasis Africa Fund

    The French development agency has committed $7m to the fund, which invests in small and medium-sized enterprises in Ghana and Côte d’Ivoire.

  • March 21, 2017

    Food Works welcomes applications

    The Irish government-run accelerator program is seeking applications from local entrepreneurs for its 2017 edition.

  • March 20, 2017

    Big deal: Juncker Plan to trigger more than $190bn

    The European Investment bank has approved 197 EFSI-backed projects to date, while the European Investment Fund has approved 264 SME financing agreements.

  • March 17, 2017

    Invest Georgia tunes into TTV’s $93m fund

    TTV Capital has closed its latest fund at $93m with commitments from Invest Georgia and an unnamed sovereign wealth fund.

  • March 16, 2017

    500 Startups wrestles $10m fund

    The International Finance Corporation is a limited partner in 500 Startups’ second fund aimed at startups in Latin America.

  • March 15, 2017

    Karnataka introduces $1.5m women-focused fund

    The government fund will focus on women entrepreneurs, providing proof of concept capital.

  • March 14, 2017

    Bpifrance helps build Bridgepoint fund

    Bridgepoint is targeting a $375m to $535m fund to target small and medium-sized enterprises, with Bpifrance putting in $80m.

  • March 14, 2017

    IFC helps Carlyle grow Asia fund

    The International Finance Corporation is set to provide up to $25m to Carlyle’s fifth Asia fund.

  • March 8, 2017

    Malaysia cradles DEQ800

    The government-owned Cradle Fund has allocated $1.8m to a new initiative called DEQ800 that will provide early-stage equity.

  • March 7, 2017

    Accion accepts $141m for fintech fund

    IFC and FMO are among the limited partners for the Accion Frontier Inclusion Fund, which will back technology that will make financial services more accessible.

  • March 2, 2017

    Hatteras to manage $60m NC fund

    North Carolina’s government has awarded the management of a $60m fund to Hatteras Venture Partners.

  • March 2, 2017

    Finance for Business North East reaches $500m milestone

    The fund has invested approximately $197m in equity and debt financing, leveraging an additional $308m in private investment.

  • March 2, 2017

    IFC to catalyse $30m program

    IFC will invest a total of $30m through its Startup Catalyst initiative that targets seed and pre-series A stage companies.

  • March 1, 2017

    Omers celebrates bumper year

    The state-owned pension fund has announced the results for the past financial year, boosting its overall return to 10.3%, up from 6.7%.

  • March 1, 2017

    Quebec’s SMEs to benefit from $68m

    The Capital croissance PME fund has secured an additional $68m in capital to support small and medium-sized enterprises in Quebec.

  • February 28, 2017

    Vanedge points at $122m fund

    The vehicle has attracted the support of BDC Capital and Export Development Canada.

  • February 28, 2017

    Enterprise Ireland launches new Competitive Start Fund

    The export credit agency is set to open applications for its latest Competitive Start Fund next week.

  • February 27, 2017

    Big deal: British Business Bank launches $500m fund

    The Northern Powerhouse Investment Fund, first announced by then-chancellor George Osborne in 2015, has secured $230m from European Investment Bank.

  • February 24, 2017

    Heliconia launches $422m fund

    The Temasek-owned investment firm has announced an International Partnership Fund that will provide government venture capital for acquisitions.

  • February 22, 2017

    Project A reveals $190m game plan

    The European Investment Fund has led fundraising efforts for a $148m vehicle – secured as Project A also nears a close on its $42m follow-on fund – that attracted a host of German corporates.

  • February 21, 2017

    EIF helps inject $75m into BioMedPartners' fund

    The VC firm has achieved a first close of its BioMedInvest III fund thanks to commitments from the European Investment Fund and Berner Kantonalbank.

  • February 16, 2017

    Tedco launches Minority Business Pre-Seed Fund

    Maryland Technology Development Corporation has partnered Harbor Bank to establish a $400,000 fund aimed at black entrepreneurs.

  • February 15, 2017

    Abu Dhabi to merge two sovereign wealth funds

    Mubadala Development and International Petroleum Investment are set to be combined into a $125bn vehicle that will be called Mubadala Investment Co.

  • February 15, 2017

    Invest-NL to put $2.1bn into Dutch economy

    The government has announced am investment fund that will focus on energy, sustainability, mobility, food and digitalisation, and will launch in January 2018.

  • February 14, 2017

    India electrifies $1bn fund

    The government has approved an IT and electronics-focused fund and provided an initial $100m in capital.

  • February 14, 2017

    Romania plans government venturing arm

    The Sovereign Development and Investment Fund will be wholly-owned by Romania’s government and co-invest alongside actors such as EIB, EBRD and the World Bank.

  • February 13, 2017

    Big deal: Enterprise Ireland goes from strength to strength

    The government-owned export credit agency last week added four funds with a total of $200m in capital to its arsenal as it revealed it had supported a record 229 startups last year.

  • February 10, 2017

    RDIF looks forward to $1bn boost

    The Russian Direct Investment Fund is expected to secure more than $1bn in additional capital from the government by the end of the year, while Qatar pledges to co-invest $2bn.

  • February 9, 2017

    Frontline closes in on $65m fund

    EIF, Enterprise Ireland and Ireland Strategic Investment Fund have backed Frontline’s Fund II, which will target business-to-business software developers at the pre-seed and seed stages.

  • February 9, 2017

    North East Growth Fund boasts $25m return

    The Finance for Business North East Growth Fund, launched in 2010, has already secured a $25m return on its 146 investments.

  • February 8, 2017

    St Petersburg to launch $4m fund

    The city is set to create a venture fund with an initial commitment of $4m that will allocate between $16,000 and $83,000 to startups.

  • February 8, 2017

    Greece unveils Equifund with $214 in public funding

    The venture capital fund has received a $214m commitment through EU program Competitiveness, Entrepreneurship and Innovation, which will be topped up by third parties.