A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
UK launches $3.6bn high-growth fund
The new fund is being run by the British Business Bank and fulfils a 2017 Budget commitment from the Conservative government.
Whineray takes reins at $26bn NZ Super Fund
Matt Whineray’s role as CEO of the New Zealand wealth fund has been made permanent.
iTeos accesses 6 Dimensions to raise $74m
Immuno-oncology drug developer iTeos Therapeutics has secured funding in a series B round backed by 6 Dimensions Capital and Belgium’s SRIW.
Cambricon canters to nine-figure series B round
Alibaba Innovation Ventures returned to back deep learning chip developer Cambricon’s series B round, which has attracted hundreds of millions of dollars.
Hortau powers ahead with $7m EDC boost
The Canadian cleantech firm is already selling into the US.
Lumoa announces $750,000 seed round
The AI firm has been supported by Business Finland.
Viva Republica authorises $40m in funding
The PayPal and Qualcomm-backed financial services app developer has received $40m from GIC and Sequoia China, taking its total funding to $117m.
AdoRx closes $10m initial investment round
The Scottish medical research firm has been backed by the CRT Pioneer Fund.