News roundup 9 October 2015

The news roundup for week ending 9 October 2015.

News

Vertex's Lakhotia starts his own firm

Vertex Venture Management's India head quits to start his own firm that will incubate startups and invest in mid-to-growth stage companies.

NowWeComply moves to London

Following its $1.2m investment round earlier this year, NowWeComply moves its offices to London's South Bank.

 

Funds

Warner Bros create Chinese-language film distribution group

Chinese government-backed investment fund China Media Capital partners with Warner Bros to bring Chinese-language movies to a worldwide audience through the Flagship Entertainment Group.

Techventure 2015 starts here

Techventure 2015 has officially been opened by Vivian Balakrishnan, minister for the environment and water resources in Singapore, with the theme of “Start Here!”

Corporates help $20m MIF II take off

KLM and Schiphol have backed a second Mainport Innovation Fund, alongside Delft University of Technology, Port of Amsterdam and NS Dutch Railways.

Reply answers three startups with funding

Reply has selected EnModus, Gymcraft and Inova Design for its incubator and committed a total of $3.6m in funding to the startups.

Inclusion Fund gains IFC backing

Financial companies in Africa, Asia and Latin America gain an additional path to funding as the International Finance Corporation invests up to $15m in Accion Frontier's Inclusion Fund.

Invitalia draws up technology fund

Italy’s National Agency for the Attraction of Investments and Enterprise Development creates a fund to support technology startups and SMEs with $56m from the Economic Development Ministry.

Tedco to manage the Maryland Venture Fund

Changes in legislation that came into effect this month have given control of the Maryland Venture Fund to Tedco.

Vertex Venture Holdings gets $600m war chest

The government of Singapore's investment company, Temasek Holdings, has committed $600m to Vertex Venture Holdings to help its global expansion plans.

Indonesia gets the creative juices flowing

Organisations in the country band together to support the country's creative industry amid an economic slowdown.

 

Deals

Aventamed hears investment from Enterprise Ireland

Enterprise Ireland helps children hear better by supporting the development of a device that implants ear grommets without the need for anaesthetic or surgery.

Aquantia engineers $37m series H

Cisco, GlobalFoundries and Credit Suisse have participated in Aquantia’s series H, boosting the ethernet technology developer’s total funding to about $200m.

HHS injects capital into Orasure

The US Department of Health and Human Services provides additional funding to Orasure Technologies to allow it to gain regulatory clearance for its rapid Ebola antigen test.

BPIfrance lines up paper investment

BPIfrance helps re-industrialise a France-based paper site by investing in a €33m joint project through its SPI fund with Springwater Capital.

Kaixindai develops $31m

China Development Bank backs peer-to-peer finance platform Kaixindai Financing Services.

CDC Group helps Daraz fashion $56m

CDC Group invests in Pakistan, Bangladesh and Myanmar online shopping site Daraz to help it grow and to jointly create a code of conduct for its suppliers with regards to workers' rights.

Euroscreen raises $18m

Two Belgium government-backed organisations support Euroscreen as it continues trials for its drug candidate to treat various health problems for women.

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