A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Ontario plans $60m venture fund investments
The state-owned body aims to focus on sectors of particular economic importance to the region.
EIF backs Luminar’s $50m seed fund
The Swedish venture capital firm plans to invest in the country’s technology companies.
Kuehne + Nagel and Temasek package investment agreement
The joint venture will target early-stage logistics services and technologies such as big data, predictive analytics and artificial intelligence.
Wattpad absorbs $51m
Business Development Bank of Canada was among the investors in a round that reportedly values the publishing platform at almost $400m post-money.
Innovent explores $200m IPO
The Chinese government-backed cancer drug developer is reportedly valued at $1bn and is eyeing an initial public offering that could raise up to $200m.
India’s SIDBI backs office firm Corporatedge
The state-backed bank’s venture capital arm has invested an undisclosed sum in the company.
PharmaFluidics collects $9m
The VUB spinout has been backed by Flemish government investor PMV as it prepares to increase production of its chemical separation technology.
Bpifrance joins $172m Ring Capital round
Danone, AG2R La Mondiale, Bred and Bpifrance are among the limited partners for the recently launched, France-based venture firm.