News round up 20 March 2017
Posted on 20 March, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Merck Ventures, the corporate venturing subsidiary of Merck Group, has hired Sebastian Schöfer from HTGF as a senior associate.
Vertex Ventures US celebrates its second anniversary as it adds two new team members, Sandeep Bhadra and Eva Khoo.
TTV Capital has closed its latest fund at $93m with commitments from Invest Georgia and an unnamed sovereign wealth fund.
The International Finance Corporation is a limited partner in 500 Startups’ second fund aimed at startups in Latin America.
The government fund will focus on women entrepreneurs, providing proof of concept capital.
Bridgepoint is targeting a $375m to $535m fund to target small and medium-sized enterprises, with Bpifrance putting in $80m.
The International Finance Corporation is set to provide up to $25m to Carlyle’s fifth Asia fund.
China Investment Corporation has been revealed as an investor in Airbnb’s $1bn series F round, providing approximately 10% of the capital.
Baidu and Tencent have led the latest round for the smart electric vehicle developer formerly known as NextEV, with Lenovo and IDG Capital also contributing.
EDBI has contributed to a round featuring all Livongo's existing investors, which include Merck, Wanxiang and Blue Cross Blue Shield of Massachusetts.
The oversubscribed round has been backed by Vertex Healthcare, a fund owned by Vertex Ventures, and Australia’s Future Fund.
Valeo has acquired Gestigon, providing an exit to High-Tech Gründerfonds and Mittelständische Beteiligungsgesellschaft Schleswig-Holstein.
Innovation Network Corporation of Japan has joined forces with Takeda Pharmaceutical and Medipal Holdings to set up Scohia Pharma with an initial investment of $87m.
The adtech company has closed a $9.3m series C round that included existing investors such as HTGF and Bayern Kapital.
Retail chain Profi has secured a $25m equity investment from the European Bank for Reconstruction and Development.
VC firm Sofinnova Partners has invested in the biopesticide developer spun out of VIB, boosting a PMV-backed round to $11.7m.
Connecticut Innovations has participated in a series A round, which will support the cloud payment platform's expansion from Canada into the US.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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