Imec expands to $135m

Nanoelectronics research institute Imec announced the close of its early-stage and growth fund Imec.xpand at €117m ($135m) this week, above the initial target of €100m set in June 2017. Apart from Imec itself, limited partners also include several unnamed universities as well as the Flemish government and its investment company PMV, state-owned regional development agency BOM and Belgian government-owned investment…

Main Sequence rearranges fund to $167m

University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the state-backed Csiro Innovation Fund, bringing its total to $167m. Australia-based fund manager Main Sequence Ventures has raised an additional A$132m ($94.8m) for its Australian government-backed Csiro Innovation Fund 1 from investors including University of Melbourne, the Australian Financial Review reported on Tuesday. Aerospace and defence…

Nio parks in public markets with…

Nio, the China-based smart electric car developer that counts domestic corporates Tencent, Baidu, Temasek and JD.com as investors, raised approximately $1bn when it floated on the New York Stock Exchange this week.The Tencent, Baidu, Temasek and JD.com-backed electric carmaker floated near the foot of its range at a reported $6.4bn valuation. The initial public offering consisted of 160 million American…

Events

GCV Asia Congress 2018
20th September 2018
Corporate Venture in Brasil 2018
1st October 2018
GCV Synergize 2018
2nd November 2018
Meituan Dianping makes out with $4.2bn in IPO

China-based local services platform Meituan Dianping has raised $4.22bn in an initial public offering that…

Kissht consumes $30m

Sistema Asia Fund and Vertex Ventures co-led a $30m series C round for buy now,…

EIF-backed Tera Ventures hits $25m fund first close

Tera Ventures, an Estonia-based venture capital firm whose limited partners include the EU-backed European Investment…

Shypple delivers $2m funding round

Shypple, a Netherlands-based digital forwarding startup, has raised €1.7m ($2m) in a second funding round,…

Bpifrance makes $2.2m MilliDrop injection

Bpifrance, the government-backed investment agency, has awarded €1.9m ($2.2m) in non-dilutive financing to MilliDrop, a…

News round up September 10 2018

News Busà joins Patron from GIC Matteo Busà will focus on the property investor’s Italian…

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