Deal net: 19 December 2016 – 6 January 2017
Posted on 06 January, 2017 by Thierry Heles, editor
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
Northstar Ventures, through the Finance for Business North East Proof of Concept Fund, has supplied £100,000 ($125,000) to UK-based photography-based social media app developer Pogo, Bdaily has reported. The money will drive recruitment, support a marketing campaign and pay for a lease of new offices.
Appili Therapeutics, a Canada-based anti-infective drug developer, has obtained $2.15m in a funding round backed by Innovacorp, the early-stage investment firm owned by the government of Nova Scotia. Other, unnamed investors also participated in the round. The government of Canada, through Atlantic Canada Opportunities Agency and National Research Council Canada Industrial Research Assistance Program, as well as Innovacorp and private backers previously supported a $3.2m seed round in June 2016.
Explain Everything, a US-based edtech producer that has created a real-time collaborative platform to be used by teachers and students, has received $3.7m in series A2 funding led by EBRD Venture Capital Investment Programme, an initiative by European Bank for Reconstruction and Development. Credo Ventures, New Europe Ventures and RTAVentures, which previously provided $2m in series A capital in 2015 alongside angel investors, also participated in the latest round.
The Finance for Business North East Angel Fund has supplied a six-figure sum to UK-based recruitment firm Jo Hand Recruitment & Consultancy, according to Bdaily. The company will use the cash to rebrand itself to the Human Group and to hire additional staff.
Germany-based Whitesonic, the developer of an ultrasound scanner that enables digital dental impressions to be used for dental prosthetics, has received a six-figure sum in a seed round, from public-private partnership High-Tech Gründerfonds. Whitesonic is a spinout of RWTH Aachen University. The company will use the cash to further develop its scanner as it prepares to launch a prototype this year that can be used on patients, with the aim of launching commercially in 2017.
High-Tech Gründerfonds (HTGF) also contributed to a funding round of undisclosed size for Germany-based biometrics technology developer Jenetric. The company’s backers also include BMT Beteiligungsmanagement Thüringen, the investment arm of Thuringia state, and angel investor Uwe Trautmann. HTGF and BMT previously took part in a funding round of undisclosed size in 2015 alongside Franz Schmidt. Details about the company’s earlier funding could not be ascertained.
NSI Ventures, the VC firm backed by Singapore government-owned Temasek, has returned to lead a pre-series B round for Singapore-based food delivery service Grain, according to E27. DMP, Ivan Lee and Wee Teng Wen also contributed cash. NSI previously participated in a series A round in January 2016 that reportedly raised $1.7m.
See more from this Government Report: Canada, European Bank for Reconstruction and Development (EBRD), Germany, Singapore, UK
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