Felicis Ventures has set out to raise $150 million for its fifth fund, according to a filing with the SEC.
1 min read · 17 March 2016
Two former gaming industry executives launched a venture capital fund dedicated to investing in early-stage virtual reality, augmented reality, and mixed reality startups. The Virtual Reality Fund is targeting $50 million in capital commitments, according to a filing with the SEC. A first close has been reported.
1 min read · 17 March 2016
10x Genomics, which is commercializing a genome sequencing platform, closed a $55 million Series C financing round led by Fidelity Management & Research. New investors Softbank and JS Capital Management LLC participated in the round alongside founding investors Venrock, Foresite Capital and Paladin Capital.
2 min read · 17 March 2016
A group led by Jerusalem Venture Partners was chosen by Israel's National Innovation Authority to operate a Jerusalem-based technological incubator as part of a state-run incubator program. The group includes Motorola Solutions, Reliance Industries and Yissum, Hebrew University of Jerusalem's research development company.
5 min read · 16 March 2016
Israeli-based DiACardio raised $1.95 million in a post-seed financing round led by China's Shengjing Group. Other investors in the round include CE Ventures and AltaIR as well as existing backers Agate-Mac Fund and Capital Point Ltd. DiACardio offers software that automates the process of evaluating ultrasounds of the heart, also known as echocardiograms.
2 min read · 16 March 2016
U.S. private equity and venture capital funds posted negative returns in the third quarter of 2015, but both bested public market equity returns, according to benchmarks published by Cambridge Associates LLC. For the quarter ending September 30, 2015, the Cambridge private equity index posted a negative return of 1.4 percent, while the venture capital index showed a negative return of 0.4 percent. By comparison, the Nasdaq Composite lost 7.4 percent in the third quarter.
7 min read · 16 March 2016
Pejman Nozad and Mar Hershenson, co-founders of Pejman Mar Ventures, have filed to raise a new fund. Pear Ventures II LP is targeting $75 million in capital commitments and has not reported a first close, according to an SEC document. Founded in 2013, Pejman Mar is an early-stage venture capital firm based in Palo Alto, California. The firm has backed companies including Branch Metrics, Guardant Health and Door Dash.
1 min read · 16 March 2016
Mandaê, which offers a platform to simplify the shipping process for individuals and small businesses in Brazil, raised $2.5 million from Qualcomm Ventures, the venture investment arm of Qualcomm Inc. Existing investors Monashees+ and Valor Capital Group also participated in the round. The investment brings Mandaê’s total funding to $5 million.
3 min read · 16 March 2016
Los Angeles-based FloQast, a provider of month-end closing software for accountants, raised $6.5 million in a Series A funding round co-led by Polaris Partners and Toba Capital. Amplify.LA, Wavemaker Partners, and Danmar Capital also participated in the round. In conjunction with the funding, Gary Swart, a partner at Polaris, joined the FloQast board.
2 min read · 16 March 2016
New York-based Credly, a platform for digital credentials, closed a $2.5 million seed financing round led by University Ventures and New Markets Venture Partners. Other participants in the round include Lumina Foundation, an Indiana-based non-profit, City & Guilds Groups, a UK-based skills development agency and Lion Brothers Company, a branding company.
6 min read · 16 March 2016
