News round up 30 January 2017
Posted on 30 January, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Saxony-Anhalt-owned VC firm IBG Beteiligungsgesellschaft Sachsen-Anhalt, has announced a $53m fourth fund backed by state money.
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.
Personal cardiac monitor developer Personal MedSystems has secured $5.4m in a round backed by Sino German High-Tech Fund, NRW Bank and KfW.
Chan Zuckerberg Initiative has acquired research assistance tool Meta for an undisclosed amount, giving Canada's BDC Capital an exit.
Temasek and Khazanah Nasional have contributed to a $1.1bn round closed by Koubei, the local services venture formed by Alibaba and Ant Financial.
Existing investor International Finance Corporation returned to contribute to a series C round that will enable the online payment company to expand internationally.
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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