VCJ Staff

Bain Capital Ventures Raising New Fund

Bain Capital Ventures has begun raising its fourth fund with a $500 million target and $750 million hard cap, according to VentureWire. A first close is expected early next year. The Boston-based firm closed its third fund in 2007 with $550 million. www.baincapitalventures.com

Jaspersoft Raises $12.5 Million

JasperSoft Corp., a San Francisco-based provider of commercial open-source reporting solutions, has raised $12.5 million in fifth-round funding. Adams Street Partners led the round, and was joined by Red Hat and return backers DCM, Morgenthaler, Partech International and Scale Venture Partners. The company has now raised over $46 million in total VC funding.

Diagnoplex Raises Series A

Diagnoplex, a Swiss developer of molecular cancer diagnostics, has raised CHF 10 million ($8.3m) in Series A funding. Novartis Venture Fund and NeoMed co-led the round, and were joined by Initiative Capital Romandie.

Shasta Ventures Adds Microsoft and Yahoo Vets

Kartik Raghavan and Sean Flynn have joined Shasta Ventures as an entrepreneur-in-resident and senior associate, respectively. Raghavan previously was a venture partner with Trilogy Equity Partners, before which he spent ten years with Microsoft. Flynn previously worked in various roles with Yahoo, including as senior director of business development and business operations for the company’s communication and community products.

Emotive Communications Raises Second Round

Emotive Communications, a Los Angeles-based provider of smart media applications for mobile entertainment, has raised $6.25 million in second-round funding. Mayfield Fund led the round, and was joined by return backers D. E. Shaw Ventures and Bertelsmann Digital Media Investments.

TVM Capital Partners Up

TVM Capital has promoted Christoph Schröder and Hui Hsing Ma to general partner. Both joins the firm in 2004 as venture partners, and focus on life sciences opportunities.

GSR Ventures III Hits $365 Million Mark

GSR Ventures, a China-focused VC fund with offices in Beijing and Silicon Valley, has secured $365.25 million in capital commitments for its third fund, according to a regulatory filing. A firm spokeswoman declined to say if GSR has held a final close. www.gsrventures.com

Lucid Imagination Raises First Round

Saber Es Poder Raising Series A

GSR Ventures Raises $365 Million