News round up 16 April 2018

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

Funds

Hangzhou builds $1.6bn blockchain fund

The fund will support startups that are developing the technology.

UVC Partners launches $100m fund

The firm, an affiliate of TUM’s tech transfer arm, has attracted investors including KfW and the European Investment Fund for its second vehicle.

Alaska Permanent plans emerging markets fund

The state-backed pension investor is said to be working with another sovereign wealth fund on the proposals.

Egypt gives green light to $11bn sovereign fund

The new wealth fund will manage state-owned businesses ahead of possible stock-market listings.

 

Deals

BDC backs $3.1m seed extension for Zoom.ai

The workplace automation developer has now raised more than $5m.

Sotera closes Ohio-backed $1m seed round

The medical device company will use the funding for research and development.

TVSquared tunes in for $8m funding round

The analytics business was again supported by the Scottish Investment Bank.

Ant Financial anticipates $150bn valuation in latest round

Alibaba's financial services affiliate has reportedly already raised $3bn from investors including Temasek and is targeting an $8bn to $9bn close.

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