News

NZVIF signs up for SwipedOn’s $660,000 round
The New Zealand software developer raised $200,000 more than its target.
Xuzhou and SummitView collaborate on $433m fund
The new vehicle will focus on investment in the Internet-of-Things sector.
SIDBI Ventures makes Holachef exit
The web startup has been acquired by Foodpanda India after months of talks.
Vertex leads Get’s $3.4m funding round
The Australian payments startup has recently branched out into Hong Kong and Singapore.
Xu leaves GIC for IVP
Louisa Xu was formerly with the Singaporean sovereign wealth fund’s Technology Investment Group.
Amgen inserts $66m into Oxford Nanopore
GIC-backed Oxford Nanopore has secured $66m from Amgen, after the latter’s subsidiary Decode Genetics used the spinout’s technology to sequence hundreds of human genomes.
Innovent advances closer to $500m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang Insurance are in line for exits as Innovent Biologics gears up for an initial public offering sized at $400m to $500m.
Linklogis connects to GIC for $220m
Bertelsmann and Tencent returned for supply chain financing provider Linklogis' $220m series C round, which was led by Singapore’s GIC.

News Continued

Momenta drives to $1bn valuation
Tencent, local government funds and existing backer Nio Capital both invested as autonomous driving software developer Momenta took its overall funding to $200m.
Bpifrance backs CybelAngel’s $12m round
The data-protection business also received investment from venture capital firm Serena.
IFC helps Chaldal deliver $5.5m series A
The US based grocery-fulfilment business is targeting densely populated cities around the world.
CloudWalk reaches series B-plus destination
Guangzhou-backed facial recognition system developer CloudWalk Technology has secured an undisclosed sum in a round that included leasing services firm Bohai Capital.
Xiaozhu moves toward $300m in latest round
The Bertelsmann and GIC-backed short-term accommodation marketplace has raised nearly $300m in a round led by Yunfeng Capital.
Korea Development Bank backs Classting’s $6.5m round
The state agency contributed $2.5m, with venture capital firm Mistletoe making up the difference.

Editor's Picks

Main Sequence rearranges fund to $167m
University of Melbourne and Lockheed Martin have contributed to an additional $94.8m tranche for the Csiro Innovation Fund, bringing its total to $167m.
Nio parks in public markets with $1bn
The Tencent, Baidu, Lenovo and JD.com-backed electric carmaker floated near the foot of its range at a reported $6.4bn valuation.
News round up September 10 2018
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
Editorial: Europe's most important budget
Editor-in-chief James Mawson takes an in-depth look at what the Horizon Europe budget needs to achieve.
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