A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
India backs EBRD membership bid
The government will initially seek 100 EBRD shares for a minimum price of $1.2m in an attempt to boost the competitiveness of India-based businesses.
US to tighten oversight on foreign deals
A draft bill aims to double the number of national security considerations that justify an investigation into foreign deals for US-based firms.
Temasek reveals fintech priorities
Temasek International will prioritise B2B payments, fraud detection and artificial intelligence and warned that Southeast Asia-based startups often struggle to lure later-stage capital.
Russia launches $175m tech fund for Far East
Three state-owned investors have set up a fund to inject up to $17.4m into each selected startup in the Russian Far East.
Ireland launches fast-track innovation funding
Businesses can apply for up to $178,000 from Enterprise Ireland under an expedited process designed to encourage export growth.
UK government goes on $26.6bn tech offensive
The measures include a new $3.3bn fund operated by state-owned investment agency British Business Bank to cover funding shortfalls should the EIF end UK loans come Brexit.
Ewe dispatches HTGF III investment
HTGF has secured additional capital for its third seed fund from utility Ewe, which is seeking to future-proof its infrastructure by 2026.
British Business Bank goes to SeedCamp for fourth fund
The Europe-focused VC firm has raised more than $54m from LPs including British Business Bank.
Definvest targets startups with $59m
Bpifrance and the Ministry of the Armed Forces have partnered to launch a $59m fund aimed at small and medium-sized enterprises in the defence sector.
Halo targets $29m outlay by 2020
The state-backed angel syndicate initiative will take particular interest in the medtech, healthcare and IT sectors, which represented the majority of angel funding during 2016.
Siemens draws in Solido Design Automation
The acquisition of BDC-backed automated design developer Solido will complement Siemens’s purchase of Mentor Graphics Corporation in March 2017.
3D Medicines structures $101m round
The funding round was led by China Reform Holdings, through policy fund China State-Owned Assets Venture Investment Fund.
StartToday considers whether StretchSense fits
E-commerce portal StartToday has taken an option on NZVIF-backed sensor manufacturer StretchSense after using the Auckland spinout’s technology for its body measurement device.
Ncardia carries $12.5m series B
The regenerative medicine company was forged from the merger of biotech businesses Pluriomics and Axiogenesis in September 2017.
Advicenne launches $36m IPO
The company’s existing investors, including Bpifrance, have committed to purchasing a total of $14.8m worth of shares in the offering.
Portea carries $26m in series C round
IFC has returned to contribute another funding round, having previously taken part in in-home healthcare service Portea Medical’s series B round.
Nautilus sails to $26m series C
Nautilus will launch a manufacturing centre in Ireland for its water-cooled data centres following ISIF’s $5m commitment to its latest funding round.
Enterprise Ireland marks milestone for women-led enterprises
Gender equality was a core objective in the EU’s Horizon 2020 policy framework, and Enterprise Ireland’s ambition is to mirror the level of female entrepreneurship seen in the US.
Divergent 3D produces series B funding
The vehicle manufacturing technology developer has raised $65m+ in a round backed by the Shanghai Municipal Government that could eventually close at $107m.
Step Pharma climbs $17m series A
The biopharmaceuticals developer is developing therapies for autoimmune diseases and will use the Bpifrance-backed series A round to pursue clinical testing.
Neiwai checks out $10.5m series B
The lingerie fashion brand now counts Vertex Ventures among its investors, after the Temasek-backed firm led a $10.5m series B round.
Deal net: 20 – 24 November 2017
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government fu