News round up 18 June 2018

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

Funds

Maryland’s Tedco fund to offer finance to ‘overlooked’ startups

The state’s technology development agency will make investments of up to $50,000 available to new businesses which are unable to raise money elsewhere.

Jharkhand sets up new $7.35m venture capital fund

The Indian state plans to focus investment on startups and innovative projects run by young people.

Turkey commits $430m to new venturing funds

The government’s new investment plans cover the period up to 2023.

Mubadala unveils $400m European tech fund plans

The Abu Dhabi state-backed investment company revealed its intentions during London Tech Week.

 

Deals

M17 secures $35m lifeline

M17 Entertainment, backed by MCN, Yahoo Japan and Singapore’s Vertex Ventures, rang the opening bell on the NYSE last week but never began trading.

PatSnap picks up $38m series D funding

The Vertex Ventures-backed firm has taken its lifetime fundraising past the $100m mark.

Claroty finds series B clarity

Temasek, Rockwell Automation, Aster Capital and Next47 participated in a $60m series B round that brought Claroty’s total funding to date to $93m.

Breather flexes series D muscles

The flexible workspace provider has raised $46m from investors including Caisse de dépôt et placement du Québec.

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