News round up 6 November 2017
Posted on 06 November, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
China’s sovereign wealth fund is looking at an expanded presence in California to match moves from its investment bank rival China International Capital Corporation.
The US government-owned development agency Opic could soon be permitted to make direct equity investments.
The government is looking at removing restrictions that have prevented fintech startups from accessing Australia’s venture capital incentive framework.
The government will raise the sum from institutional investors while rolling out tax reforms to encourage venture capital activity.
BNDes will launch two internet of things-focused funds as part of the Brazilian development bank’s five-year blueprint drawn up to capture the technology’s economic benefits.
The fund will target Mexican companies operating in sectors such as affordable housing, education and alternative energy.
Alireza Zaimi’s appointment would continue PIF’s recruitment of overseas talent and provide expertise in equity derivatives at a time when it is looking to ramp up the value of its portfolio.
The rumoured launch of Astrea IV would continue Temasek’s efforts to reach a larger pool of co-investors than its accredited partners.
CircleUp, a consumer goods crowdfunding platform, has launched a new fund backed by Temasek to invest in up to 40 packaged goods businesses.
Backed by the European Investment Fund in June, the fund has now reached its final close with commitments from Bristol-Myers Squibb and Johnson & Johnson.
Bahrain's sovereign wealth fund is considering a commitment that will help SoftBank's fund reach its $100bn target for a final close.
The money will go towards Virgin Galactic, Spaceship Company and Virgin Orbit, three subsidiaries of diversified holding firm Virgin Group, and may be followed by another $480m.
The deep learning technology provider is aiming to raise the funding from investors such as Temasek at a $2bn valuation.
Record Future, backed by In-Q-Tel, has raised a total of nearly $58m in equity funding following a series E round led by Insight Venture Partners.
Russia-China Investment Fund has led a $460m funding round for Megvii, the facial recognition software provider also known as Face++.
The Victoria state government-backed accelerator has selected the first startups to join its program.
Continental is reportedly in advanced talks over a $400m acquisition of Vertex-backed in-car cybersecurity technology provider Argus.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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