News roundup 27 March 2017
Posted on 27 March, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Walter Hobbs, one of Enterprise Ireland’s most senior executives, has quit the agency less than a year after joining.
The decision follows a $2.3m investment from Victoria state-owned investment fund LaunchVic.
The European Investment bank has approved 197 EFSI-backed projects to date, while the European Investment Fund has approved 264 SME financing agreements.
IFC is set to invest $3m the early-stage venture fund, which is seeking between $30m and $40m for its maiden fund.
Business Durham, the economic development arm of the Durham County Council, has named Maven Capital Partners as the manager of a $25m fund.
The Irish government-run accelerator program is seeking applications from local entrepreneurs for its 2017 edition.
The French development agency has committed $7m to the fund, which invests in small and medium-sized enterprises in Ghana and Côte d’Ivoire.
IFC has exited Middle Eastern e-commerce company Souq, which raised money at a $1bn valuation just over a year ago.
IFC has injected $25m in Minsheng Education as part of the company’s initial public offering on the Hong Kong Stock Exchange.
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.
Temasek, GIC and IFC stand to celebrate an exit as Netshoes files for an initial public offering on the New York Stock Exchange.
Bpifrance, through InnoBio, has participated in a funding round for Advicenne, which is working on therapies for orphan renal and neurological conditions.
Logistics robot developer Geek+ has secured series A+ funding, adding to a $7m series A round raised last year.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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