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