News roundup 13 March 2017

The news roundup for week ending 10 March 2017.

News

Wills takes charge of Energy Technologies Institute

Jonathan Wills has been named chief executive of the public-private partnership that supports research into cleantech.

 

Funds

Accion accepts $141m for fintech fund

IFC and FMO are among the limited partners for the Accion Frontier Inclusion Fund, which will back technology that will make financial services more accessible.

Malaysia cradles DEQ800

The government-owned Cradle Fund has allocated $1.8m to a new initiative called DEQ800 that will provide early-stage equity.

 

Deals

Broderick’s snacks on $6.7m

The BDO Development Capital Fund has provided money to support the confectionary manufacturer’s international expansion efforts.

Neurovance gets Otsuka's attention for acquisition

Otsuka Pharmaceutical will pay $100m up front for ADHD technology developer Neurovance, which had raised $27m in equity from investors including the State of Wisconsin Investment Board.

Blueface eyes $10.6m investment

Ireland’s BDO Development Capital Fund has invested in Blueface, which will support the company’s expansion plans.

InterCloud connects to $10.6m series B

Bpifrance and SNCF have contributed to a series B round for InterCloud, which will use the cash to support further expansion efforts across Europe.

Grain d’Or gels well with Azulis

Bpifrance celebrates an exit as its portfolio company Grain d’Or Gel is acquired by Azulis Capital and merged with Lubrano to form Groupe Novepan.

Biohaven closes $80m series A

The Yale spinout has closed an oversubscribed $80m funding round that featured Connecticut Innovations, boosting its total funding to $100m.

Odilo composes $6.3m series C

Enisa-backed Odilo has attracted $6.3m in additional funding from a range of VC investors.

Deal net: 6 – 10 March 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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