Turkey unveils new venture capital investment plans

The country’s development minister has announced a package of measures designed to stimulate innovation and growth.

Gogolev goes to Severstal

George Gogolev, director of corporate innovation and technology transfer for Russian Venture Company, has joined Severstal as head of disruptive innovation.



Kakao Mobility picks up new funds

Kakao’s ride-hailing spinoff has raised almost $47m from Hong Kong Monetary Authority and two US pension funds.

IFC set to back Anthem Asia’s Myanmar fund

The World Bank offshoot is thought to be planning a $15m investment.

Institutional investors play starring role in $700m Constellation fund

Pension funds from Alaska, Kuwait and the UK have collaborated to form a new private equity and alternatives investor.



Upchain makes series A breakthrough

OpenText Enterprise Apps Fund co-led the design collaboration software startup’s $5.8m series A round with BDC Capital.

C2FO benefits from $100m investment

Allianz X has invested $30m to co-lead a $100m funding round for online business lending platform C2FO with Mubadala Investment Company.

Collective Health unites investors in $110m round

Existing investor GV returned to take part in a $110m round for the healthcare management software provider that included the Abu Dhabi-supported Mubadala Ventures.

Nio revs engine for $2bn IPO

The smart vehicle developer, backed by Tencent, Temasek, Baidu, and Lenovo, has hired banks for an IPO expected to raise between $1bn and $2bn.

SCRA helps Recleim raise $5m

The South Carolina state investment fund has provided $3m.

Shoreline Biome profiles $1.1m

The microbiome profiling business is the result of collaboration between two former Roche employees and researchers from UConn and Yale New Haven Hospital.

Vectra tracks investors for $36m

Nissho Electronics and Ireland Strategic Investment Fund were among a consortium that provided series C funding for cybersecurity software provider Vectra.