Funds & Finance

Xuzhou and SummitView collaborate on $433m fund
The new vehicle will focus on investment in the Internet-of-Things sector.
Opic launches VC platform
The American federal agency is targeting later-stage venture funds in developing markets.
Forbion closes $410m fourth fund with institutional help
The fund closed well above its original target.
Alaska Permanent commits $564m
Alaska's state-owned pension scheme is planning to invest in a range of funds.
Pi Ventures announces final close of $31m debut fund
The Indian investor has received support from the UK.
FMO helps Meloy haul in $22m
The Dutch government agency has contributed $5m.
Seven Peaks closes new $28m fund
The fund is targeting early-stage businesses in the Pacific Northwest.
Luxembourg aims for stars with new $118m fund
The fund is part of a range of schemes aimed at developing the country's space capabilities.

News Continued

Imec expands to $135m
The research institute has achieved a $135m close for its Imec.xpand fund, breaking through its target of $116m just over a year after launching fundraising efforts.
Main Sequence rearranges fund to $167m
University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the Csiro Innovation Fund, bringing its total to $167m.
South Korea and Singapore plan $213m startup fund
Korea Venture Investment Fund is teaming up with Temasek to boost trade flows between the two countries.
JD.com joins efforts to raise $5.8bn fund
The e-commerce firm has joined Sequoia Capital China and the state-owned China Reform Holdings for a late-stage fund with a $5.8bn target.

Editor's Picks

Main Sequence rearranges fund to $167m
University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the Csiro Innovation Fund, bringing its total to $167m.
JD.com joins efforts to raise $5.8bn fund
The e-commerce firm has joined Sequoia Capital China and the state-owned China Reform Holdings for a late-stage fund with a $5.8bn target.
New Oriental enrols corporates in $220m fund
New Oriental Education and Technology will invest in education-focused startups through a fund backed by fellow corporates 51Job and Sunlands Education.
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