Deal net: 30 January – 3 February 2017
Posted on 03 February, 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.
Soapbox Labs, an Ireland-based producer of a children’s speech recognition platform that powers voice-enabled toys and apps, has received €1.2m ($1.3m) in seed capital from Enterprise Ireland, the country’s export credit agency, and Astia Angels. The money will enable an expansion both domestically and in the US.
The Internet Initiatives Development Fund, a public-private partnership backed by Russia’s government, has provided $2.5m in series A funding to Cinemood, a Russia-based manufacturer of a portable movie projector with a content platform aimed at children. Cinemood previously raised approximately $157,000 in a crowdfunding campaign in June 2016. The series A will go towards manufacturing, downstream research and development and market expansion.
Italy-based wine technology company Vino75 has raised €1.5m in funding. The round was co-led by Invitalia Ventures, the investment arm of the Italian government’s National Agency for Development, and Sici, the investment arm of the regional government of Tuscany, while Andrea Merloni, Club Italia Investimenti 2 and Club Digitale also took part. The money will go towards international development of the company’s platform as well as a strengthening of the local market share with the development of new services for the services industry.
Ireland-based personalised learning services startup Adaptemy has obtained more than €3m ($3.2m) in its first funding from Enterprise Ireland and educational publisher Folens. Adaptemy’s software enables educational technology products developed by companies such as Folens. The software includes features such as learning analytics and is suited for all subjects across all grades.
Invitalia Ventures has also co-led UK-based wave energy technology producer 40South Energy’s €2.25m funding round, according to Renews. Utility company Enel co-led the round through its renewable energy subsidiary, Enel Green Power, which recently purchased 40South’s first energy wave conversion machine.
France-based logistics services provider Vectorys has raised an undisclosed amount from Bpifrance, the public investment bank of France, and Sofiapaca, according to La Tribune. The transaction provides an exit to ACG Management. Vectorys specialises in logistics services between Europe and North Africa, and will use the capital to strengthen its position in Spain and Morocco.
Adlatus Robotics, a Germany-based service robotics company, has obtained an undisclosed amount in seed funding from public-private partnership High-Tech Gründerfonds and Mittelständische Beteiligungsgesellschaft Baden-Württemberg. The cash will go towards product development and will also help the startup boost its sales efforts.
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