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

Funds

4490 Ventures collects $49m for second fund

The figure represents a first close for the firm’s second fund and follows a $30m vehicle backed by the State of Wisconsin Investment Board in 2013.

South Korea plans $276m social impact fund

Small companies and cooperatives will be the main beneficiaries.

China steps up European venturing efforts

The new $480m BMC Europe Fund I is just the latest example of increased Chinese venture investment in the region.

 

Deals

New York State joins $1.5m Agrilyst round

The indoor-farming firm is planning expansion into new markets.

Kopernio accesses Innovate UK funding

The academic journal technology firm will extend its institutional coverage.

Ocunova tears into $500,000 seed round

The Penn State spinout has received funding from Pennsylvania state-backed investors to develop a treatment for diabetic dry eye disease.

Temasek backs Brazil’s Clínica

The Singaporean fund has invested an undisclosed sum.

IFC joins series C round for Creditas

Endeavor Catalyst and Kazsek Ventures also supported the Brazilian fintech company.