Funds

Maryland’s Tedco fund to offer finance to ‘overlooked’ startups

The state’s technology development agency will make investments of up to $50,000 available to new businesses which are unable to raise money elsewhere.

Jharkhand sets up new $7.35m venture capital fund

The Indian state plans to focus investment on startups and innovative projects run by young people.

Turkey commits $430m to new venturing funds

The government’s new investment plans cover the period up to 2023.

Mubadala unveils $400m European tech fund plans

The Abu Dhabi state-backed investment company revealed its intentions during London Tech Week.

 

Deals

M17 secures $35m lifeline

M17 Entertainment, backed by MCN, Yahoo Japan and Singapore’s Vertex Ventures, rang the opening bell on the NYSE last week but never began trading.

PatSnap picks up $38m series D funding

The Vertex Ventures-backed firm has taken its lifetime fundraising past the $100m mark.

Claroty finds series B clarity

Temasek, Rockwell Automation, Aster Capital and Next47 participated in a $60m series B round that brought Claroty’s total funding to date to $93m.

Breather flexes series D muscles

The flexible workspace provider has raised $46m from investors including Caisse de dépôt et placement du Québec.