News round up 25 June 2018

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

Funds

UK launches $3.6bn high-growth fund

The new fund is being run by the British Business Bank and fulfils a 2017 Budget commitment from the Conservative government.

Whineray takes reins at $26bn NZ Super Fund

Matt Whineray’s role as CEO of the New Zealand wealth fund has been made permanent.

 

Deals

iTeos accesses 6 Dimensions to raise $74m

Immuno-oncology drug developer iTeos Therapeutics has secured funding in a series B round backed by 6 Dimensions Capital and Belgium’s SRIW.

Cambricon canters to nine-figure series B round

Alibaba Innovation Ventures returned to back deep learning chip developer Cambricon’s series B round, which has attracted hundreds of millions of dollars.

Hortau powers ahead with $7m EDC boost

The Canadian cleantech firm is already selling into the US.

Lumoa announces $750,000 seed round

The AI firm has been supported by Business Finland.

Viva Republica authorises $40m in funding

The PayPal and Qualcomm-backed financial services app developer has received $40m from GIC and Sequoia China, taking its total funding to $117m.

AdoRx closes $10m initial investment round

The Scottish medical research firm has been backed by the CRT Pioneer Fund.

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