News round up 22 January 2018

A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.

Funds

Ontario plans $60m venture fund investments

The state-owned body aims to focus on sectors of particular economic importance to the region.

EIF backs Luminar’s $50m seed fund

The Swedish venture capital firm plans to invest in the country’s technology companies.

 

Deals

Kuehne + Nagel and Temasek package investment agreement

The joint venture will target early-stage logistics services and technologies such as big data, predictive analytics and artificial intelligence.

Wattpad absorbs $51m

Business Development Bank of Canada was among the investors in a round that reportedly values the publishing platform at almost $400m post-money.

Innovent explores $200m IPO

The Chinese government-backed cancer drug developer is reportedly valued at $1bn and is eyeing an initial public offering that could raise up to $200m.

India’s SIDBI backs office firm Corporatedge

The state-backed bank’s venture capital arm has invested an undisclosed sum in the company.

PharmaFluidics collects $9m

The VUB spinout has been backed by Flemish government investor PMV as it prepares to increase production of its chemical separation technology.

Bpifrance joins $172m Ring Capital round

Danone, AG2R La Mondiale, Bred and Bpifrance are among the limited partners for the recently launched, France-based venture firm.

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