Investments & Deals

  • August 17, 2017

    Voxpro publicises Telus acquisition

    Enterprise Ireland has celebrated an exit as outsourcing firm Voxpro has been acquired by its Canadian peer Telus International for an estimated $175m.

  • August 16, 2017

    Puls gets in the rhythm to secure $25m

    The electronic device repair service has rebranded from CellSavers and raised new funding from investors including Temasek-owned Red Dot CApital Partners.

  • August 15, 2017

    Smartisan paints $150m picture

    The government of Chengdu has led the round through unnamed investment funds, providing $90m in capital.

  • August 15, 2017

    Bpifrance books stay in Paris Inn

    The French state-owned investment bank has committed $29m to Paris Inn, the operator of independent hotels.

  • August 15, 2017

    Facebook likes Fayteq

    Fayteq, a real-time video editing technology developer backed by Thuringia state-owned BMT, has been acquired by Facebook for an undisclosed sum.

  • August 15, 2017

    Zimmer skims off a skin cancer vehicle with $7m

    Zimmer MedizinSysteme has spun out a skin cancer treatment developer called Zimmer BioTech that has raised $7m from backers including High-Tech Gründerfonds.

  • August 14, 2017

    Big deal: Temasek helps SoundCloud play on

    SoundCloud has raised a reported $169.5m from Temasek and Raine Group in a series F round that saved the music streaming service from collapse.

  • August 11, 2017

    PCCW OTT goes on air with $110m

    The video and music streaming services provider has collected capital from strategic investors including Temasek, Foxconn and Legend Holdings.

  • August 11, 2017

    Deal net: 8 – 11 August 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • August 10, 2017

    Gen1 Biotechnology counts $6.3m

    The South Australian government-owned Health Industries Fund has backed a funding round for Gen1 Biotechnology, which is currently building a factory in the state.

  • August 9, 2017

    Gu Sheng Tang gets $150m

    Two unnamed government guidnace funds have participated in the medical clinic franchise's series D round, which is made up of almost equal debt and equity portions.

  • August 9, 2017

    Enbala expands corporate-backed series B round

    The distributed energy management platform, backed by Export Development Canada, has closed corporate-backed round at $17.5m after adding $5.5m from Zoma Capital.

  • August 9, 2017

    EM3 Agri Services harvests $10m

    The Global Innovation Fund, backed by multiple governments, has put $10m into EM3 Agri Services, a provider of farm services and machinery.

  • August 8, 2017

    Hangzhou Just Biotherapeutics develops $59.7m series B

    Temasek has led a series B round for Hangzhou Just Biotherapeutics that has also attracted Hangzhou Economic & Technological Development Area.

  • August 4, 2017

    M17 cracks series A code with $40m

    M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Vertex Ventures.

  • August 4, 2017

    Maas Global amasses extra funding

    The mobility app developer, backed by Tekes, increased its latest round, which includes Transdev, Veho, Toyota, Denso, Aioi Nissay Dowa, Swiftcom and Karsan from $11m to $16.8m.

  • August 4, 2017

    Deal net: 31 July – 4 August 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • August 3, 2017

    Clementia cleaves $120m from IPO

    BDC Capital scored an exit after the bone disease therapy developer floated at the top of its range, having secured $92.5m in funding over the past two years.

  • August 2, 2017

    Dianrong dives into $220m

    Singapore's GIC led the Bohai Leasing-backed online lender's latest round, which follows a $207m series C co-led by Standard Chartered Bank in 2015.

  • August 2, 2017

    Milestone reaches $55m series C

    BDC Capital and Fonds de solidarité FTQ both returned for a third round in Milestone that was led by new investor Novo.

  • August 2, 2017

    Novartis goes Homology in series B round

    Homology Medicines, a startup developing treatments for rare genetic diseases, has closed $83.5m in series B funding, welcoming Novartis as a new investor.

  • August 1, 2017

    Precithera collects $29m series A

    Fonds de solidarité FTQ has supported an oversubscribed series A round for Precithera, a precision medicine company focused on orphan bone diseases.

  • August 1, 2017

    Impossible Foods cooks up $75m round

    Temasek led the Alphabet-backed vegan food developer's latest round, which took its funding over the past three years to about $260m.

  • August 1, 2017

    GameSparks inspires Amazon acquisition

    Enterprise Ireland has celebrated an exit as GameSparks is acquired by Amazon for a reported $10m.

  • July 31, 2017

    Big deal: CarTrade seeks path to CarDekho merger

    Temasek, an existing investor in CarTrade, is looking to put nearly $100m towards the deal, which is currently facing resistance from CarDekho’s largest shareholder Amit Jain.

  • July 31, 2017

    Snapdeal calls off Flipkart sale

    The e-commerce platform, backed by investors including Temasek, has decided against a $950m sale and elected to instead restructure.

  • July 31, 2017

    Snapdeal board accepts $950m from Flipkart

    E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of Temasek-backed rival Snapdeal that now needs only shareholder approval.

  • July 31, 2017

    News round up 31 July 2017

    A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.

  • July 28, 2017

    Landis+Gyr completes $2.4bn IPO

    Innovation Network Corporation of Japan and Toshiba have celebrated an exit with the flotation of Landis+Gyr on the Six Swiss Exchange.

  • July 28, 2017

    Deal net: 24 – 28 July 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • July 27, 2017

    Temasek enters Within series B

    Temasek and Emerson Collective have co-led a $40m funding round for virtual reality content developer Within, with participation from several corporates.

  • July 26, 2017

    PerimeterX outlines $23m series B

    Vertex Ventures has returned to support a series B round for PerimeterX, the developer of a cybersecurity platform that has now raised $35m in total funding.

  • July 26, 2017

    SkyGuard takes 360 turn to raise $24m

    Guotou Chuangye was among the participants in a series A round for data security startup SkyGuard.

  • July 25, 2017

    Grab snatches $2bn

    Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation in Grab, whose shareholders also include Vertex and CIC.

  • July 25, 2017

    Power Survey gains $24m series A2

    Investissement Québec, BDC Capital and Fonds de Solidarité FTQ have supported the company’s series A2 round.

  • July 24, 2017

    News round up 24 July 2017

    A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.

  • July 21, 2017

    Dynamic Yield brings in extra series C funding

    The personalised marketing technology producer has increased its series C to $31m, with Deutsche Telekom joining a round that already included Vertex Ventures.

  • July 21, 2017

    Deal net: 17 – 21 July 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • July 20, 2017

    Vertex joins in MiniKTV funding chorus

    Vertex Ventures has contributed to a $15m investment for karaoke machine producer MiniKTV.

  • July 20, 2017

    DataRails compiles $6m series A

    DataRails, which has developed software to turn Excel into a smart spreadsheet management tool, has raised a series A round led by Vertex Ventures.

  • July 20, 2017

    Symbow shows investors the way to series A

    The National Emerging Industry Guidance Fund has taken part in a $17.7m round for Symbow Medical, which is working on a surgical navigation device.

  • July 19, 2017

    Wukong Zuche attracts $73m

    Yunnan Metropolitan Construction Investment has injected $73m into Wukong Zuche, a car rental service provider aimed at the tourism sector.

  • July 19, 2017

    BGI Genomics completes $250m IPO

    Floating on the ChiNext board in Shenzhen, BGI Genomics has raised approximately $250m and provided an exit to State Development and Investment Corporation.

  • July 19, 2017

    Geek+ picks up $60m series B

    The logistics robot developer, backed by Vertex Ventures, has raised $60m in a series B round just a few months after closing a $14m series A+ round.

  • July 18, 2017

    Desktop Metal forms $115m series D

    Vertex Ventures and Future Fund participated in a round that boosted the 3D printing technology provider's total funding to $212m.

  • July 18, 2017

    Bid hammers out funding round

    Export Development Canada and BDC Capital are among the backers of a funding round for mill equipment provider Bid Group.

  • July 18, 2017

    Astroscale finds space for $25m

    ANA Holdings and OSG Corporation will supply technical assistance to the space debris reduction technology developer, after taking part in its series C round alongside INCJ.

  • July 18, 2017

    BDC says yes to Assent series B

    BDC returned to invest in a $31.4m round for Assent Compliance, after previously backing the supply chain management platform's May 2016 series A round.

  • July 18, 2017

    Move Guides maps out $48m series C

    Australia’s Future Fund has taken part in a series C round that more than doubled Move Guides’ capital secured to date to $91m.

  • July 17, 2017

    Cubic to square $40m in funding

    Cubic Telecom is in the process of closing another funding round, some two years after a $20m round backed by Enterprise Ireland.

  • July 14, 2017

    Curve turns Santander interest into $10m round

    Curve, the developer of a payment card that links to multiple accounts, has raised a $10m series A round, though LCIF did not choose to return.

  • July 13, 2017

    SBI Life prepares $1bn IPO

    The flotation has been approved by the board of SBI Life’s parent company, State Bank of India, and will provide an exit to Temasek.

  • July 13, 2017

    LCIF keeps startups going

    The fund, backed by the Mayor of London, has invested close to $7m in 32 startups since last year’s referendum.

  • July 13, 2017

    INCJ conducts investment in CerebrEx

    INCJ has teamed up with UMC subsidiary Fortune Venture Capital for a $7.1m secondary investment in flat-panel display technology developer CerebrEx.

  • July 13, 2017

    Innoviti comes up with $18m

    Tata-backed Innoviti has secured new funding in a round led by a fund backed by FMO and financial services provider SBI.

  • July 12, 2017

    Floadia flows towards $14.5m series B

    Innovation Network Corporation of Japan has taken part in a $14.5m series B round for storage technology developer Floadia.

  • July 12, 2017

    Moglilabs experiments with $12m series B

    International Finance Corporation has taken part in a $12m funding round for Moglilabs, the operator of a business-to-business marketplace called Moglix.

  • July 11, 2017

    Optosecurity finds cover at Vanderlande

    Vanderlande has acquired Optosecurity for an undisclosed sum, providing an exit to BDC Capital and Innovatech Quebec.

  • July 11, 2017

    CompareAsiaGroup finds the right investors to raise $50m

    IFC has led a series B round that boosted the Southeast Asian financial comparison platform's total funding to about $95m.

  • July 10, 2017

    Theva conducts $8m in Bavaria state-backed round

    BayBG and Bayern Kapital have helped superconductor producer Theva close its second funding round in the space of a year.

  • July 10, 2017

    INCJ returns to back Anaeropharma

    INCJ has joined Novartis, joined Shinsei Corporate Investment, Seventure Partners and Mitsubishi UFJ Capital in a $13.2m round for the cancer drug developer.

  • July 7, 2017

    Jawbone locks up as liquidation process begins

    The Kuwait Investment Authority-backed wearable fitness tracker developer was once valued at more than $3bn, but has now begun liquidation proceedings.

  • July 6, 2017

    Gems studies $4bn IPO

    The flotation in London could happen as early as next year, providing an exit to Bahrain Mumtalakat.

  • July 5, 2017

    Snapdeal turns down nine-figure Flipkart offer

    The Temasek-backed online marketplace is reportedly holding out for $1bn, having rejected an acquisition offer of between $550m and $900m.

  • July 5, 2017

    Instarem processes $13m transaction

    Vertex Ventures, Fullerton Financial and the FMO-backed Emerging Asia Financial Sector Fund have contributed to a $13m funding round for the remittance service.

  • July 4, 2017

    Clementia to indulge in $115m IPO

    BDC Capital-backed Clementia Pharmaceuticals has filed for an initial public offering that could raise $115m.

  • July 4, 2017

    Spotinst positions $15m series A

    Vertex Ventures contributed to a series A round for Spotinst, which helps businesses better manage the cost of cloud computing.

  • June 30, 2017

    Aphea.Bio harvests $8.7m series A

    Backed by ParticipatieMaatschappij Vlaanderen, Aphea.Bio is working on a product that can increase crop yield while protecting against fungal diseases.

  • June 30, 2017

    Deal net: 26 – 30 June 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • June 29, 2017

    IDS diagnoses $60m investment

    IFC has injected capital into IDS Medical Systems, a healthcare supply chain services provider majority owned by Fung Investments.

  • June 28, 2017

    BASF helps provide Slips with an $8.6m catch

    BASF Venture Capital, which had led industrial coating supplier Slips Technologies' 2014 series A round, has returned for a round that included Massachusetts Clean Energy Center.

  • June 28, 2017

    Lazada investors exit as Alibaba lays on $1bn

    Alibaba has invested $1bn to increase its share e-commerce marketplace Lazada to 83%, with Temasek remaining the only other external shareholder.

  • June 28, 2017

    Phemi stores $7.6m in series B

    The series B round was led by BDC Capital, which will help Phemi bolster its sales and marketing activities to expand into new verticals.

  • June 27, 2017

    Radisens circles $28m round

    Enterprise Ireland-backed Radisens Diagnostics is working on a diabetes management platform and will use the money to bring its product to market.

  • June 23, 2017

    Repare constructs $68m series A

    BDC Capital and Fonds de solidarité FTQ have backed a $68m series A round for Repare Therapeutics, which is working on treatments for cancer.

  • June 23, 2017

    Kalray processes $26m

    A spinout of Alternative Energies and Atomic Energy Commission, Kalray has developed microprocessor technology that requires only low levels of energy.

  • June 23, 2017

    Deal net: 12 – 23 June 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • June 22, 2017

    Conviva livens up with $40m

    Australia's Future Fund has led a funding round that reportedly valued the video streaming data provider at about $300m.

  • June 20, 2017

    ClassPass clasps $70m in series C round

    The fitness subscription service has now raised more than $150m altogether, securing series C funding from investors led by Temasek.

  • June 20, 2017

    Snips cuts out $13m

    Snips has launched its AI-equipped voice activation platform and revealed a $13m series A round that included Bpifrance.

  • June 20, 2017

    Element AI elevates itself to $102m series A

    The artificial intelligence startup has raised cash in a round that included BDC Capital as well as corporates Tencent, Hanwha Investment, Intel, Microsoft and Nvidia.

  • June 20, 2017

    WhiteSource authors $10m series B

    WhiteSource previously obtained $2.6m in seed funding from the Israel Innovation Authority in 2011.

  • June 20, 2017

    Orum raises $8m series A

    In December, Orum Therapeutics was selected for the Tech Incubator Program for Startup (Tips), a program from South Korea’s Small and Medium Business Administration.

  • June 15, 2017

    Hello bids farewell

    Temasek-backed Hello, which produced a sleep tracker dubbed Sense, has shut down.

  • June 13, 2017

    Protix breeds $50.5m investment

    Brabant Development Agency has committed capital to a $50.5m round for the animal feed producer.

  • June 12, 2017

    Big deal: CDPQ and Temasek help transfer $300m to AvidXchange

    Temasek and Caisse de dépôt et placement du Québec have contributed to a $300m funding round for AvidXchange that also attracted Mastercard and Peter Thiel.

  • June 9, 2017

    Coursera graduates series D with $64m

    EDBI and IFC-backed online education provider Coursera is reportedly valued at $800m after closing a series D round that will support its new enterprise-focused product.

  • June 9, 2017

    AeroFarms harvests $34.3m

    The company has secured an initial $34.3m in series D funding from investors including Dubai government-backed investment firm Meraas.

  • June 9, 2017

    Plynk processes $28m series A transaction

    Enterprise Ireland-backed Plynk has developed a money transfer platform that attracted $28m in series A capital from Swiss Privée.

  • June 9, 2017

    Deal net: 5 – 9 June 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • June 7, 2017

    Monteris administers $26.6m series C

    The round included returning shareholder BDC Capital and will enable further research and development and clinical research.

  • June 6, 2017

    Neigou.com markets $14m series B

    The Chinese government-backed National SMEs Development Fund is among the investors in Neigou.com, which offers employee discounts on third-party e-commerce platforms.

  • June 2, 2017

    TouchBistro taps Recruit for series C

    Rercuit has participated in a $12.1m series C round that featured a host of returning backers such as the Canadian state-backed BDC IT Venture Fund.

  • June 1, 2017

    Bicycle Therapeutics rides towards $52m series B

    Novartis and GlaxoSmithKline have returned to back a series B round that also attracted Singapore state-backed Vertex Ventures and university venturing fund Cambridge Innovation Capital.

  • June 1, 2017

    Wise is clever about series B

    HTGF has participated in a $7.3m series B round for medical device maker Wise.

  • May 26, 2017

    Wuxi NextCode processes $200m round

    Temasek-backed Wuxi NextCode has launched efforts to raise a $200m funding round, with plans to close the transaction in July.

  • May 26, 2017

    Deal net: 22 – 26 May 2017

    The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.

  • May 26, 2017

    PandaDoc signs up EBRD for $15m series B

    The European Bank for Reconstruction and Development has contributed to a round that will help the contract and document management platform broaden its customer base.

  • May 25, 2017

    Sea secretly files for $1bn IPO

    Khazanah Nasional and Temasek are set to record exits as Sea, the internet services firm formerly known as Garena, files confidentially to float in the US.

  • May 25, 2017

    R3 raids banks for $107m

    Temasek, Intel and Ping An have joined more than 40 financial services firms to provide series A funding for the blockchain fintech consortium.