News round up 29 January 2018

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

News

Temasek bullish on India’s new investment opportunities

The Singapore state-owned investor says it is well placed to take advantage of India’s vibrant startup scene.


Funds
 

Partech targets African startups

The International Finance Corporation and European Investment Bank have put their weight behind Partech Africa, which has now secured more than $70m in funding towards its $123m target.

Deals

Carousell rides $45m wave

Singaporean government-backed Carousell was previously reported to have secured between $70m and $80m in its series C round, but financial documents now put the figure at $45.3m.

Scottish government backs Raptor’s $5.9m C round

Investors in the Aberdeen-based oil-exploration firm also include Norway’s Statoil.

Stem stretches to $80m in series D

Singapore’s Temasek and the Ontario Teachers’ Pension Plan took part in the round.

Cylus raises $4.7m in seed round

Temasek subsidiary Vertex Ventures was among the Israeli firm’s backers.

Amazon buys NSA spinout Sqrrl

The cybersecurity firm has been acquired by Amazon’s cloud business.

CPPIB looks to ReNew with $144m

Canada Pension Plan Investment Board has bought secondary shares in the renewable energy developer, which is backed by corporate JV Jera.

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