New Zealand Venture Investment Fund (NZVIF), a venture capital fund-of-funds, will receive a NZ$60 million ($49 million) underwrite facility from the New Zealand government.
While this is not a new allocation of capital, it will provide the fund with additional capacity to commit to two to three new venture capital funds over the next few years. "The underwrite facility...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.