News round up 7 August 2017
Posted on 07 August, 2017 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Following a five-year pilot program to help immigrants launch startups and become permanent residents, the government has decided to make the scheme permanent.
The vehicle, which could be set up either as a public-private partnership or a government venturing fund with a view of being sold off at a later date, will aim to deal with a lack of EIF funding.
The mobility app developer, backed by Tekes, increased its latest round, which includes Transdev, Veho, Toyota, Denso, Aioi Nissay Dowa, Swiftcom and Karsan from $11m to $16.8m.
M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Vertex Ventures.
BDC Capital scored an exit after the bone disease therapy developer floated at the top of its range, having secured $92.5m in funding over the past two years.
Homology Medicines, a startup developing treatments for rare genetic diseases, has closed $83.5m in series B funding, welcoming Novartis as a new investor.
Singapore's GIC led the Bohai Leasing-backed online lender's latest round, which follows a $207m series C co-led by Standard Chartered Bank in 2015.
BDC Capital and Fonds de solidarité FTQ both returned for a third round in Milestone that was led by new investor Novo.
Temasek led the Alphabet-backed vegan food developer's latest round, which took its funding over the past three years to about $260m.
Fonds de solidarité FTQ has supported an oversubscribed series A round for Precithera, a precision medicine company focused on orphan bone diseases.
Enterprise Ireland has celebrated an exit as GameSparks is acquired by Amazon for a reported $10m.
The e-commerce platform, backed by investors including Temasek, has decided against a $950m sale and elected to instead restructure.
Temasek, an existing investor in CarTrade, is looking to put nearly $100m towards the deal, which is currently facing resistance from CarDekho’s largest shareholder Amit Jain.
E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of Temasek-backed rival Snapdeal that now needs only shareholder approval.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.
Latest magazinePast Issues
Get full online access, the monthly magazine, weekly news alerts, special reports and more.See all subscription options
November 28, 2017
November 22, 2017
November 21, 2017
November 22, 2017
November 30, 2017