A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
South Korea and Singapore plan $213m startup fund
Korea Venture Investment Fund is teaming up with Temasek to boost trade flows between the two countries.
Britain’s CDC Group takes a slice of Pi
The AI-focused investment firm has raised a further $6m.
Spotinst marks $35m series B
Intel Capital returned to back a $35m series B round for Spotinst, having previously led the cloud infrastructure technology developer’s $15m series A in July last year.
Puls finds $50m series C rhythm
Samsung has put its weight behind a Temasek-led $50m series C round for Puls, which connects consumers with technicians specialising in smart devices.
Outset originates $132m series D
Baxter Ventures has participated in a series D round for Outset Medical that was led by Mubadala Investment Company.
Vertex joins Very Good Security’s $8.5m series A round
The round was led by Andreessen Horowitz.
Seed round raises $1.2m for nView Medical
Investors included the US National Science Foundation as well as Utah state.
RXQ Compounding takes Advantage of Ohio incentive
The medical outsourcing business has received $3.6m from Advantage Capital, supported by the Ohio Rural Business Growth programme.
China Life docks in Harbour for $85m round
Antibody therapy developer Harbour BioMed has completed a series B round backed by China Life, GIC and Vertex Ventures.
AsiaInfo files for Hong Kong IPO
The telecoms business has previously been backed by Temasek and CITIC Capital.
Mafengwo aims to raise $300m in new funding round
The deal would value the Temasek-backed travel platform at more than $2bn.