News round up 13 November 2017
Posted on 13 November, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
The two will boost the $350m Franco-Emirati Fund by $232m and will set up an additional $582m fund aimed at later-stage technology companies.
SoftBank revealed the enlarged size of its Vision Fund, backed by several sovereign wealth funds, in its quarterly earnings report.
Dutch development bank FMO will target startups with the potential to alleviate poverty in sub-Saharan Africa and India.
The matching fund will aim to nurture equity crowdfunding and peer-to-peer lending to broaden the investment base for local small and medium-sized enterprises.
The Social Capital Fund Invest will aim to benefit marginalised Danish communities in the first initiative backed by the EIF's Social Impact Accelerator program.
A $9bn fund will be launched alongside other incentives for both startups and investors to further South Korean president Moon Jae-in’s policy of backing domestic SMEs.
Access Industries, through its Israeli subsidiary ClalTech, returned to back a series D round that also featured Vertex Ventures as a first-time investor.
The Scottish Enterprise-backed peer-to-peer lending platform is aiming to provide 37.5% of its projected UK loan book to Scotland-based companies in 2018.
The compliance services provider will focus on global expansion following an EDBI-backed round that took its total funding to $195m.
The fabless semiconductor producer, which counts Rusnano as an investor, has gone public in a $61.4m initial public offering.
International Finance Corporation has backed the peer-to-peer lending platform's series B+ round, which follows a $160m series B led by Khazanah Nasional last year.
EOC Pharma has licensed six mid to late-stage oncology drugs for release in the Chinese market and will aim to acquire additional assets with the series B funding.
VMWare has agreed to acquire portfolio company VeloCloud Networks, in a deal that will give an exit to Khazanah Nasional.
GIC and Temasek are in line for exits, as reports indicate the local services platform will seek $3bn in a US flotation.
BigBasket has sought more funding to compete in the online grocery segment after a rumoured merger with Amazon failed to materialise.
The digital heating installation platform has secured $24.3m from a consortium including Investitionsbank Berlin.
The cloud computing optimisation platform has brought in $30m in a round led by Temasek-owned investment firm ST Telemedia that took its total funding to $140m.
Coparion has taken part in a $12m series A round for 3YourMind, an additive manufacturing spinout of Technical University of Berlin.
OakNorth, a fintech lending provider, has welcomed GIC as a stakeholder as it prepares to license out its machine learning-based platform to overseas financial institutions.
Megvii, the developer of a facial recognition software called Face++, raised $460m in funding last week from a consortium led by Russia-China Investment Fund.
The home improvement e-commerce business struggled to secure enough funding after upgrading its systems to provide clients with access to its internal analytics platform.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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