News round up 30 January 2017

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

Funds

IBG makes beton $53m fund

Saxony-Anhalt-owned VC firm IBG Beteiligungsgesellschaft Sachsen-Anhalt, has announced a $53m fourth fund backed by state money.

China switches on $14.5bn internet fund

The Chinese government has raised $4.35bn for the first close of its China Internet Investment Fund, sourcing capital from a range of state-run firms.


Deals

Personal MedSystems beats its way to series B

Personal cardiac monitor developer Personal MedSystems has secured $5.4m in a round backed by Sino German High-Tech Fund, NRW Bank and KfW.

BDC Capital achieves Meta exit

Chan Zuckerberg Initiative has acquired research assistance tool Meta for an undisclosed amount, giving Canada's BDC Capital an exit.

Koubei counts up $1.1bn

Temasek and Khazanah Nasional have contributed to a $1.1bn round closed by Koubei, the local services venture formed by Alibaba and Ant Financial.

Iyzico gets IFC backing to raise $13m

Existing investor International Finance Corporation returned to contribute to a series C round that will enable the online payment company to expand internationally.

Xuebajun gets a $100m answer for its series C round

The educational answer provider has now raised a total of $155m since 2014, securing $100m in a series C round featuring Singapore's Vertex Ventures.

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