A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
India’s SIDBI joins backers of Stellaris fund
Venture capital firm Stellaris Venture Partners is targeting $100m for its first fund and has attracted the Small Industries Development Bank of India as well as Cisco, SAP and Infosys as limited partners.
Valor Capital receives $7m from IFC for Brazil-focused fund
The fund plans to invest in early-stage technology companies in the country.
Canadian venture investment booms ahead of new fund-of-funds deadline
The Canadian government-backed BDC unveils investees and looks forward to initial VCCI funding proposals.
Moderna re-enters funding mode to raise $500m
Messenger RNA therapy developer Moderna Therapeutics, which counts Singapore’s EDBI and the Abu Dhabi Investment Authority as backers, has now raised a total of $1.6bn in equity funding.
Vertex Ventures co-leads Astound’s $11.5m series A round
The Temasek offshoot was joined by Pelion Venture Partners.
Inseed makes $2.3m Zazcar investment
The car-sharing company plans to roll out its service in Brazil’s largest city.
IFC backs Mandae Technologies with $2.5m investment
IFC has taken a minority stake in the Brazil-based e-logistics company.
Pavilion helps Engine Biosciences complete $10m seed round
Temasek subsidiary Pavilion Capital was among the investors raising $10m for the drug-discovery firm.