News round up 20 March 2017

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

News

Schöfer looks to make mark at Merck

Merck Ventures, the corporate venturing subsidiary of Merck Group, has hired Sebastian Schöfer from HTGF as a senior associate.

Vertex Ventures welcomes two

Vertex Ventures US celebrates its second anniversary as it adds two new team members, Sandeep Bhadra and Eva Khoo.

 

Funds

Invest Georgia tunes into TTV’s $93m fund

TTV Capital has closed its latest fund at $93m with commitments from Invest Georgia and an unnamed sovereign wealth fund.

500 Startups wrestles $10m fund

The International Finance Corporation is a limited partner in 500 Startups’ second fund aimed at startups in Latin America.

Karnataka introduces $1.5m women-focused fund

The government fund will focus on women entrepreneurs, providing proof of concept capital.

Bpifrance helps build Bridgepoint fund

Bridgepoint is targeting a $375m to $535m fund to target small and medium-sized enterprises, with Bpifrance putting in $80m.

IFC helps Carlyle grow Asia fund

The International Finance Corporation is set to provide up to $25m to Carlyle’s fifth Asia fund.

 

Deals

Big deal: Airbnb takes series F booking from CIC

China Investment Corporation has been revealed as an investor in Airbnb’s $1bn series F round, providing approximately 10% of the capital.

Nio nabs $87m in new funding

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 livens up Livongo in $52.5m round

EDBI has contributed to a round featuring all Livongo's existing investors, which include Merck, Wanxiang and Blue Cross Blue Shield of Massachusetts.

Moximed maximises $50m series C

The oversubscribed round has been backed by Vertex Healthcare, a fund owned by Vertex Ventures, and Australia’s Future Fund.

Gestigon hitches a ride with Valeo

Valeo has acquired Gestigon, providing an exit to High-Tech Gründerfonds and Mittelständische Beteiligungsgesellschaft Schleswig-Holstein.

Scohia Pharma to spin out of Takeda with $87m

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.

Crealytics generates series C buzz

The adtech company has closed a $9.3m series C round that included existing investors such as HTGF and Bayern Kapital.

EBRD develops Profi with $27m

Retail chain Profi has secured a $25m equity investment from the European Bank for Reconstruction and Development.

AgroSavfe grows series B round

VC firm Sofinnova Partners has invested in the biopesticide developer spun out of VIB, boosting a PMV-backed round to $11.7m.

Dream Payments wakes up with $10m

Connecticut Innovations has participated in a series A round, which will support the cloud payment platform's expansion from Canada into the US.

Deal net: 13 – 17 March 2017

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

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