Private Equity
The Securities and Exchange Commission has obtained an emergency asset freeze to stop an initial coin offering fraud, the agency announced Dec. 4. The ICO falsely promised investors a 13-fold profit in less than a month and had raised as much as $15 million since August, according to a news release.
1 min read · 04 December 2017
4 min read · 04 December 2017
A judge has ruled in favor of the National Venture Capital Association’s legal challenge against the Department of Homeland Security’s plans to delay the International Entrepreneur Rule. DHS is now required to begin accepting applications of foreign entrepreneurs who wish to build their companies in the U.S., according to a release sent by the NVCA.
1 min read · 02 December 2017
LRI Vision Partners is raising a first fund targeted at $50 million, according to a regulatory filing. The firm, which does not appear to have a website, is led by Andy Liu, Pingle Reddy, and Ahmad Imam and is based in Seattle, according to the filing. The minimum investment accepted is $50,000, and the filing lists no investors.
1 min read · 01 December 2017
Greenspring Associates is raising a second micro fund targeted at $100 million, according to a regulatory filing. The firm, based in Owings Mills, Maryland, and Palo Alto, California, is led by Ashton Newhall, James Lim and Eric Thompson.
1 min read · 30 November 2017
Mike Arrington announced today the launch of Arrington XRP Capital, a new $100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple. Arrington, the founder of startup news site TechCrunch and venture firm CrunchFund, announced the fund in a blog post and at the Consensus Invest conference in New York.
1 min read · 28 November 2017
Govtech Fund has raised $20.75 million toward a targeted $25 million second fund, according to a regulatory filing. The San Francisco-based firm invests in startups in the global government software and IT market, according to its website, and is led by Ron Bouganim. Thus far, 29 investors have committed to the fund.
1 min read · 27 November 2017
4 min read · 21 November 2017
Space Capital Partners has raised $5.7 million of a targeted $50 million for its inaugural venture fund, according to a regulatory filing. The New York firm invests in the commercial space industry, according to its website, and is led by Chad Anderson and Joseph Landon. The filing also lists Tom Ingersoll as a general partner, and he confirmed his new role to VCJ. Thus far, 16 investors have committed to the fund, according to the filing.
1 min read · 20 November 2017
3 min read · 20 November 2017