News round up 2 January 2018
Posted on 02 January, 2018 by Thierry Heles, editor
A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.
The state-owned Russian Direct Investment Fund and CDC International Capital will invest in SMEs with business potential in both France and Russia.
Global Government Venturing invites its subscribers to choose the most important read of the year.
European Investment Fund was among the LPs for AI-focused venture capital firm Fly Ventures' first fund, which has closed at $41m.
Origin Clean, Jupsy, Feed and Wellnice will take part in the accelerator, which is run by Bord Bia, Teagasc and Enterprise Ireland.
The fund will back life sciences technology developers located in areas of Europe underserved by venture capitalists, particularly in the Nordic region.
Finland-based Inventure Partners’ third fund will enter seed and series A rounds for businesses from the Nordic and Baltic regions.
The two partners will support projects that fall under China’s Belt and Road Initiative, with the fund managed by institutional investors from both countries.
China Structural Reform Fund has joined Tencent, Wukuang Capital and Sequoia China to invest in the electric car developer.
European Investment Bank joined Idinvest Partners and Mitsui for a $65.4m round for smart battery system producer Forsee Power.
E-commerce analytics provider Clavis has been bought by business data provider Ascential in a deal worth at least $119m.
Obesity drug developer Alizé Pharma has been picked up by biopharmaceutical firm Millendo, allowing BPifrance to exit.
International Financial Corporation is analysing a potential investment in insurance platform Coverfox, which closed a $15m series C round in June.
Tessa Therapeutics, a developer of cancer treatments that could destroy tumours from within, has raised $80m from investors also including EDBI.
Skymet hopes to use its network of 6,000 automatic weather stations to provide businesses with information of climate, crops and extreme weather events.
MyDoc is preparing the ground for its enterprise healthcare platform to launch in Asian markets like Sri Lanka or Hong Kong.
The $21m in capital will be used to expand Vertex-backed Leadspace’s headcount in the US and Israel.
State-owned development agencies Oost NL and Brabantse Ontwikkelings Maatschappij have both backed Mellon, which has developed a device that stitches surgical incisions.
The Global Government Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
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