Deal net: 13 – 17 March 2017

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

MultiX, a France-based developer of spectroscopic x-ray imaging for airport security, raised €3.5m ($3.8m) in funding today from Omnes Capital, H3C and existing, unnamed backers. The company was founded in 2010 with the support of the French Atomic Energy Commission and rail operator Thales. The cash will support a production launch at MultiX’s factory in Isère and continued international expansion. The company’s detectors are set to be installed at all US airports, after which MultiX is targeting a European expansion beginning with Denmark.

Germany-based electric bicycle producer Fazua has attracted €3m from public-private partnership High-Tech Gründerfonds (HTGF) and Bayern Kapital, the government venturing arm of Bavaria. Assorted business angels have also taken part in the round. HTGF and Bayern Kapital previously also injected undisclosed sums in Fazua’s series A round in 2015 and seed round in 2014. The cash will go towards delivery of first orders, drive recruitment and help set up production operations in Munich.

See more from this Government Report: France, Germany


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