News round up 10 April 2017

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

News

Germany toughens M&A regulations

In future, companies worth more than $425m will be subject to antitrust regulations, with a particular view of protecting consumers when startups are purchased by corporates.

EBRD promotes Preimanis and Rustamova

Agris Preimanis is the bank’s new director for Kazakhstan, while Ayten Rustamova is the new head of office in Tajikistan.

UK to review tax breaks

The patient capital review UK Chancellor Philip Hammond announced during his budget speech in March is expected to begin in May 2017.

 

Funds

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

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.

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.

IFIC to drive technology and healthcare investments

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

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.

 

Deals

Industrifonden banks on Meniga

The digital banking and marketing technology company Meniga plans to fund its R&D and sales teams thanks to an $8m funding round.

Astellas to acquire Ogeda for $853m

SRIW, the investment arm of Wallonia’s government that contributed to series A and B rounds, is set to celebrate an exit as Astellas agrees to acquire Ogeda for $853m.

STT reinforces Armor with $89m investment

The investment from Singapore Technologies Telemedia will accelerate the adoption of the company’s managed security platform.

Darpa helps implant $10m in Synchron

Darpa is among the investors in Synchron, which is looking to trial minimally-invasive neural interface technology based on research conducted at Melbourne University.

Arralis appears on Hong Kong-based consortium’s radar

Enterprise Ireland is among a group of investors exiting as part of the round, which will add up to 25 new jobs.

Amadeus joins Iyzico’s $15m series C cast

The firm has provided a $2m extension to the series C round, which previously closed with an initial $13m from investors including International Finance Corporation.

CDPQ lifts up Eddyfi with $27m

The investment will help Eddyfi’s international expansion through strategic acquisitions.

Norfund dishes up funding for Verde Beef Processing

Verde Beef Processing has received $7.4m investment to construct abattoir.

Deal net: 27 March – 7 April 2017

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

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