News roundup 27 March 2017

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


Hobbs leaves Enterprise Ireland

Walter Hobbs, one of Enterprise Ireland’s most senior executives, has quit the agency less than a year after joining.

500 Startups opens Melbourne office

The decision follows a $2.3m investment from Victoria state-owned investment fund LaunchVic.



Big deal: Juncker Plan to trigger more than $190bn

The European Investment bank has approved 197 EFSI-backed projects to date, while the European Investment Fund has approved 264 SME financing agreements.

Pi Ventures calculates IFC funding

IFC is set to invest $3m the early-stage venture fund, which is seeking between $30m and $40m for its maiden fund.

Durham appoints Maven as $25m fund manager

Business Durham, the economic development arm of the Durham County Council, has named Maven Capital Partners as the manager of a $25m fund.

Food Works welcomes applications

The Irish government-run accelerator program is seeking applications from local entrepreneurs for its 2017 edition.

AFD helps develop Oasis Africa Fund

The French development agency has committed $7m to the fund, which invests in small and medium-sized enterprises in Ghana and Côte d’Ivoire. 



Amazon grabs a $650m bargain in Souk

IFC has exited Middle Eastern e-commerce company Souq, which raised money at a $1bn valuation just over a year ago.

IFC studies $25m Minsheng investment

IFC has injected $25m in Minsheng Education as part of the company’s initial public offering on the Hong Kong Stock Exchange.

Bpifrance-backed Teads joins Altice

Altice has acquired adtech business Teads at a valuation of $308m, though a quarter of the purchase price will be subject to revenue targets this year.

Netshoes approaches $100m IPO

Temasek, GIC and IFC stand to celebrate an exit as Netshoes files for an initial public offering on the New York Stock Exchange.

Advicenne listens to Bpifrance for $17.2m round

Bpifrance, through InnoBio, has participated in a funding round for Advicenne, which is working on therapies for orphan renal and neurological conditions.

Vertex helps carry $14m to Geek+

Logistics robot developer Geek+ has secured series A+ funding, adding to a $7m series A round raised last year.

Deal net: 20 – 24 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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