News round up 21 May 2018

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

News 

The venture capital state: the Silicon Valley model in east Asia

Robyn Klingler-Vidra analyses how Asian economies such as Singapore and Taiwan have sought inspiration from the most well-known VC ecosystem.


Funds

TAU Ventures accepts Xcelerator mission

Just a month after being launched itself, TAU Ventures has joined forces with the Israel Security Authority to establish an accelerator program dubbed Xcelerator.

Deals

Big Deal: Corporates cash in as Walmart buys $16bn stake in Flipkart

Walmart invested in the GIC-backed e-commerce platform at a $20.8bn valuation, allowing SoftBank, Naspers and eBay to achieve billion-dollar returns.

Carousell revolves around to $85m series C

Existing backer Rakuten Ventures and Singapore’s EDBI co-led a series C round for the used goods e-commerce platform, bringing its total funding to $127m.

M17 makes for public markets with $115m IPO

Investors in M17, the owner of properties such as Paktor and 17 Media, include Vertex Ventures, MCN, Yahoo Japan and LeSports.

Resson reaps $14m in series C round

Mahindra & Mahindra, McCain, Monsanto and BDC Capital have all signed up for agriculture analytics software provider Resson's latest round, taking its total funding to $28m.

Alibaba beats path to Daraz acquisition

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the UK’s CDC Group.

OncoSynergy makes series A headway

The UCSF oncological therapeutics spinout will move from California to Connecticut following a leading investment from state-owned Connecticut Innovations.

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. Bahrain launches $100m fund of funds

    May 25, 2018

  2. NFon becomes HTGF’s first IPO

    May 25, 2018

  3. Ant Financial to access $10bn

    May 25, 2018

  4. Budget grants Invest Georgia extra $10m

    May 25, 2018

  5. CalPERS plans direct investment strategy

    May 25, 2018