News round up 18 December 2017

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

News

Japan’s INCJ set for reform

The state-backed investment fund could become a holding company with responsibility for several investment arms, instead of operating as a single unit.

 

Funds

Argentina kicks off three $12m funds

The vehicles will be managed by Jaguar Ventures, Drayper Cygnus and NXTP Labs and focus on high-potential science, technology and social businesses.

NSI Ventures shoots for $125m second fund

NSI Ventures, which had obtained a commitment from Temasek for its previous vehicle, has achieved a first $60m close for its second fund.

U.Ventures to focus on Ukraine and Moldova

Western NIS Enterprise Fund, backed by USAid, has launched a new fund that will focus on startups in Ukraine and Moldova.

EIF backs $330m medtech fund

The medtech-focused vehicle will back approximately 15 Europe and North America-based businesses working in the areas of medical devices, diagnostics and digital health.

Hubei drives Cathay's cartech vehicle to $226m

Cathay Pacific has launched a fund that will invest in automotive and mobility technology, with Yangtze River Industry Fund acting as a cornerstone investor.

InnovaCorp seeds two funds with $19m

The funds will target technology businesses in Nova Scotia and the Atlantic Canada region after a report showed the province’s VC investments were trailing the national average.

One to Watch seeks Nepal impact with $20m fund

The firm has been backed by the state-owned Dutch Good Growth Fund as it aims to fund Nepalese SMEs deemed too risky by conventional VC and microfinancing.

AmorChem generates second fund

VC fund manager AmorChem has launched AmorChem II, a $44.2m seed-stage life sciences fund backed by the government of Quebec.

Skolkovo to launch Russian-Chinese collaboration

The Russian state-backed research arm will partner China’s TUS Holdings to plug China-based tech businesses into Russia’s research ecosystem.

 

Deals

36Kr Media reports $45m series A round

The VC and technology-focused news platform, a spinout from technology group 36Kr, has raised capital from investors including Hangzhou Finance Investment.

iZettle nets funding at a $950m valuation

The Intel, Mastercard, Amex and Santander-backed small business payment and revenue platform has raised $47.3m in a round that included the Fourth Swedish National Pension Fund.

Investors venture into iSpace

The lunar exploration company has raised $90.2m in a series A round featuring Innovation Network Corporation of Japan and Development Bank of Japan.

Veritas Finance seeks $10m truth

CDC Group has injected $10m into Veritas Finance, a lending platform targeting micro, small and medium-sized enterprises in rural and semi-urban locations.

IFC finances Creditas in $50m round

International Finance Corporation, an investor in Creditas' $19m series B round earlier this year, returned for a $50m series C that will support product development.

Affirm validates $200m round

Affirm provides loans to young people in the US so they can purchase high-value items such as mattresses or holiday direct from the vendor.

Irish agencies score Crospon exit

Enterprise Ireland and Western Development Commission have secured an exit after medtech developer Crospon was bought by Medtronic for $45m.

TactoTek shapes $5.9m round

Finnvera and Tekes-backed TactoTek has attracted $5.9m in funding from Ascend Capital Partners.

Fusion Antibodies amps up for IPO

Queen's University spinout Fusion Antibodies is targeting $7.4m in proceeds in an IPO that will provide an exit to Qubis and Invest NI.

France awaits UAE investment

UAE is expected to capitalise on French economic reforms under president Emmanuel Macron with greater investment from a $1.2bn drive unveiled in November 2017.

Ireland picks 21 for $70m fund

The projects will share $35m from the Regional Enterprise Development Fund aimed at spurring economic growth.

Mubadala racks up investments

Deputy chief executive Waleed al-Muhairi said Mubadala has backed biotech and AI and could score several exits next year.

Mafengwo books $133m Temasek-backed series D

The travel booking business is planning to refine its supply chain and strengthen its tie-ups with leisure service providers, including hotels.

Xiaoe Weidian scans $30.2m series B

The automated retail operator has been backed by the provincial government of Hainan and the state-owned Zhongguancun Science Park.

SIB pins down $2.4m investment

The government-owned Scottish Investment Bank has backed advanced laser developer UniKLasers with $1.4m and medtech vendor PhysioMedics with $1m.

Deal net: 11 – 15 December 2017

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

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. News round up 2 January 2018

    January 02, 2018

  2. 2017: year in review

    January 10, 2018

  3. Temasek and EDBI take a slice of Pear

    January 03, 2018

  4. WM Motor revs up with new funding

    December 28, 2017

  5. Investinor leads $12.5m Swarm64 series B round

    January 08, 2018