News round up 9 January 2017

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

News

McGregor to leave Temasek

Neil McGregor, senior managing director at Temasek, will depart on March 31 to join Sembcorp Industries as chief executive and group president.

 

Funds

Greece partners EIF for $270m fund

The fund of funds aims to make more venture capital available to entrepreneurs in the Hellenic republic and will support tech transfer vehicles and accelerator funds.

EIF and CDP transfer $208m to Itatech

Itatech has been set up to provide access to equity funding that supports the commercialisation of research conducted at Italian institutions.

SOSV signals $150m fund

International Finance Corporation is one of 65 limited partners that have backed SOSV’s third fund, doubling the firm’s total assets under management to $300m.

Euromena achieves final close at $150m

CDC Group is among the limited partners of the third fund, which also include International Finance Corporation, Proparco, European Investment Bank and DEG.

Qualcomm to chip in for SoftBank Vision Fund

The fund, co-launched by Saudi Arabia’s sovereign wealth fund and SoftBank, has attracted Qualcomm as a limited partner.

Rotterdam pictures $52m Icos fund

The cleantech-focused Icos Capital Fund III has received commitments from the city of Rotterdam as well as corporates Wuppermann, Bühler and AkzoNobel.

British Innovation Fund launched with $39m

Royal County of Berkshire Pension Fund has provided half the capital secured by the fund so far.

Finance Yorkshire obtains further $6m

The respective local enterprise partnerships of Leeds City Region and Sheffield City Region have injected $6m into Finance Yorkshire, following the fund’s full investment last June.

Opic makes Unreasonable investment

The US government’s development finance institution has committed up to $5m to Unreasonable Capital’s first fund aimed at Latin America, India, Asia and Africa.

 

Deals

Koubei set to collect $1.2bn

The Alibaba-founded online services platform is set to raise the funding from CIC, Silver Lake Management, Primavera Capital and CDH Investments at an $8bn valuation.

Huochebang takes delivery of $115m

International Finance Corporation has co-led a round that valued the China-based trucking services platform at $1bn.

Aihuishou recycles investors for $58m series D

JD.com returned to invest in the electronics recycling service, having contributed to an IFC-backed $60m series C round it closed in 2015.

Therarchon grows series A to $40m

Bpifrance has joined a consortium of investors that already featured Inserm Transfer Initiative and that previously provided $35m in funding.

Tiger Brokers hunts down $29m

The Xiaomi-backed online brokerage has secured series B funding from a range of investors including new strategic partner Citic.

Dynamic Yield's search finds Baidu for $22m round

Vertex Ventures has come on board as an investor in the marketing personalisation technology provider, which received earlier funding from New York Times and ProSiebenSat.1.

IguanaFix puts together $16m series B

The home improvement services platform took its overall funding to $20m in a Temasek-led round that included Qualcomm Ventures.

IFC gives Byju's a $15m lesson

The Times Group-backed education app developer has now raised about $175m, having secured $15m from International Finance Corporation.

Investors allocate $12m to Unicaf

CDC Group, University Ventures and Savannah Fund have injected $12m into Unicaf to help it establish learning centres across several African cities.

Monese monetises $10m series A

Smartcap has returned to back a series A round for fintech developer Monese, which also attracted Anthemis Exponential Ventures, STE Capital, Korea Investment Partners and Seecamp.

Heparegenix processes $9.4m series A

HTGF and Coparion have supported a series A round for Heparegenix, based on research at University Hospital Tübingen.

Klipfolio snaps $9m series B

Existing shareholder Omers Ventures has led a $9m series B round for Klipfolio, while BDC Capital also returned.

Indigo colours in $6m series A

Indigo Diabetes, a spinout of Ghent University and Imec, has raised the capital from a consortium of investors that include university venturing fund Qbic.

Yatra executes reverse merger

Yatra, backed by Vertex, Intel and IDG Ventures India, has listed in the US through a merger with SPV Terrapin 3 Acquisition Corporation.

SIB finds itself between TeamRock and a hard place

Magazine publisher TeamRock has collapsed, preventing Scottish Investment Bank from seeing a return on its investments totalling $3.3m.

Deal net: 19 December 2016 – 6 January 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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