News round up 4 December 2017
Posted on 04 December, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
With research and innovation effectively ringfenced, Oettinger said the EC would “have to cut” effectively elsewhere.
Real Ventures has secured capital from limited partners including Singapore state-owned investment firm Temasek for funds aimed at Montreal and wider Canada.
PMV has committed to be cornerstone investors in the fund, which has achieved a $150m close.
Russia's state-owned enterprises and agencies have made a flurry of investment announcements to drive the country's innovation agenda.
The Constitutional Reserve Fund of Monaco has agreed to back the Nobel Sustainability Growth Fund through the Nobel Sustainability Fund.
Alberta Enterprise is set to contribute $10m to the first close of the smart technology-focused Yaletown Innovation Growth Fund.
Balderton has closed its sixth fund at $375m with the European Investment Fund as a limited partner, marking a rare exception to the EU-owned fund’s decision to halt UK commitments.
IADB’s investment arm will act as an anchor investor for NXTP’s tech-focused vehicle that will back 30 to 40 businesses in Latin America.
BDC IT Venture Fund has returned to take part in a $23.3m series B, having previously supported a $15m series A round closed in December 2016.
The company, which entered into a strategic partnership with In-Q-Tel in 2012, has closed a round co-led by Trident Capital Cybersecurity and JPMorgan Chase.
Yaskawa Electric has injected $15m into INCJ-backed Transphorm, a semiconductor technology producer already backed by Nihon and Alphabet.
Alaska Permanent Fund and Qatar Investment Authority were among the investors in a series C round for Codiak Biosciences.
The Singapore state-owned investment firm is interested in selling its 20% stake in Zuellig Pharma and could seek as much as $1bn.
SoftBank and Dragoneer have been joined by Tencent, Sequoia Capital and TPG as investors hoping to purchase shares in a secondary transaction.
Axel Springer and MairDumont are among the backers in Fineway’s series A round, which also featured Bavaria state-owned investment firm Bayern Kapital.
Trend Micro has acquired Immunio for an undisclosed amount, enabling BDC Capital and Bloomberg to exit.
The round takes medical appointment booking platform Doctolib’s funding total to $101m and will help fund further expansion in France and Germany.
The transaction, which would value medical centre holding company Asia Healthcare at $285m to $300m, would reportedly mark CDPQ’s first Indian healthcare investment.
Huochebang, backed by IFC, is set to merge with its local peer Yunmanman in a deal that would value the combined entity at more than $2bn.
LyondellBassel will buy stakes from the local government of Limburg and VC firm Chemelot Ventures as QCP prepares to expand its polymer recycling operation.
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