News round up 2 July 2018

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

Funds

Bahrain Development Bank reaches $100m fund close

The vehicle will be used to support startups across the Middle east and North Africa.

Beijing launches $4.6bn science and technology fund

The city’s government plans to use the vehicle in invest in up to 100 global funds.

Deals

IFC joins Konfio $25m series C round

The Mexican fintech startup has now raised more than $100m

UST Global raises $250m from Temasek

The worldwide tech services firm is now valued at $1bn.

Temasek leads $20m CashShield series B round

The fraud-management business has brought its total funding to $25.5m.

Meituan Dianping makes for public markets

The Temasek-backed local services platform, which counts Tencent as its largest investor, has filed for an offering that could net more than $4bn at a $60bn valuation.

Xiaomi finalises $4.7bn IPO

The GIC-backed electronics maker will float the bottom of its range, in an offering that is still the largest for a tech company since 2014.

Helix seals $200m series B round

The personal genomics product supplier has closed a round featuring corporates Illumina and Mayo Clinic after receiving funding from Temasek.

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