News round up 31 July 2017

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


Hoyer reappointed as EIB president

Werner Hoyer will commence his second six-year term on January 1 2018.

Big deal: Astroscale stars in $25m series C

Innovation Network Corporation of Japan has returned for another funding round raised by Astroscale, which is working on technology to collect man-made space debris.



EIF prepares $58.5m CEE fund

The European Investment Fund has partnered Oxo Group with the aim of launching a fund focused on startups based in central and eastern Europe.

LCIF adds five co-investment partners

The London Co-Investment Fund has partnered five more firms, bringing the total number to 14.

Telangana ushers in funds

The government has launched its innovation policy, as part of which it will create several funds such as a $310m master fund and a $39m seed fund.

Enterprise Ireland to propel startups

The export credit agency has launched the Propeller Shannon accelerator, a corporate-backed program aimed at startups in the aviation and aerospace industries.

Paris&Co banks on fintech startups

The French capital’s economic development agency is set to launch an incubator later this year that will focus on fintech businesses.



BlackFin steers to $117m for fintech fund

Bpifrance and a host of insurance companies have backed the first close of BlackFin’s Tech Fund 1.

Landis+Gyr completes $2.4bn IPO

Innovation Network Corporation of Japan and Toshiba have celebrated an exit with the flotation of Landis+Gyr on the Six Swiss Exchange.

Temasek enters Within series B

Temasek and Emerson Collective have co-led a $40m funding round for virtual reality content developer Within, with participation from several corporates.

SkyGuard takes 360 turn to raise $24m

Guotou Chuangye was among the participants in a series A round for data security startup SkyGuard.

PerimeterX outlines $23m series B

Vertex Ventures has returned to support a series B round for PerimeterX, the developer of a cybersecurity platform that has now raised $35m in total funding.

Power Survey gains $24m series A2

Investissement Québec, BDC Capital and Fonds de Solidarité FTQ have supported the company’s series A2 round.

Grab snatches $2bn

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation in Grab, whose shareholders also include Vertex and CIC.

Deal net: 24 – 28 July 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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