News round up 11 June 2018

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

 

News

SkinNinja completes $1m seed funding round

The product-comparison app has been backed by the London Co-Investment Fund.

 

Funds

Grab aims to hold on to startups

The ride hailing firm has teamed up with Singaporean state agencies to launch Grab Ventures, which is set to make eight to 10 investments over the next two years.

White Star rises with $180m second fund

Veolia, La Capitale, Groupe ADP, Ubisoft and several government agencies are among the limited partners in White Star’s second fund, which has achieved a $180m close.

 

Deals

Hangzhou Just Bio completes $35m series B round

Singaporean government-backed Temasek returned to participate in the medical research company’s latest round.

Ecobee brings series C to $97m

The round, already backed by Amazon Alexa Fund, has been increased by $36m through an extension that featured Business Development Bank of Canada.

Xiaomi to offer $3bn in China

The smartphone manufacturer, which filed for a $10bn initial public offering in May, is planning to raise up to 30% of the amount in mainland China and the remainder in Hong Kong.

Cyberbit stake attracts $30m

CDBQ-backed Claridge Israel has purchased a minority stake in Cyberbit, a hitherto wholly-owned subsidiary of defence contractor Elbit Systems.

Ant Financial pushes series C to $14bn

The round was already the largest ever at the previously reported $10bn mark but has been revealed to stand even taller with an additional $4bn.

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