500 Global related stories
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Kensington to manage $100 mln BC Tech Fund, invests in MojioAlternative assets investor Kensington Capital Partners has been appointed by the British Columbia government to manage its new $100 million BC Tech Fund/canada/2015/12/british-columbia-government-unveils-100-mln-venture-fund/ Toronto-based Kensington, which closed Kensington Venture Fund at $306 million in March /canada/2016/3/kensington-venture-fund-closes-above-target-invests-in-vanedge-ii/ also announced the opening of a new office in Vancouver. It will be led by Dr. Gerri Sinclair, the firm's new managing director. BC Tech Fund will invest in local venture capital funds and companies based in IT, digital media, clean technology and life sciences sectors. It made a debut investment in Mojio Inc, a Vancouver connected car app platform. Mojio's other investors include 500 Startups, Amazon, BDC Capital and Relay Ventures.
Pay By Group picks up $3.4 mln seedSan Francisco and Mexico-based Pay By Group, a white-label e-commerce conversion tool, has raised $3.4 million in seed funding. SparkLabs Global led the round with participation from other investors that included Great Oaks Capital, 500 Startups, Payment Ventures, Amino Capital and Kima Ventures.
- HappyCo takes in $7.5 mln Series A
HappyCo has closed $7.5 million in Series A funding. The investors in this round included 500 Startups, Point Nine and Flight Ventures. Based in San Francisco, Happy Co is a software company that builds mobile applications for enterprise workforces.
- 500 Startups raises $49.6 mln toward fourth fund
500 Startups has raised $49.6 million toward a fourth fund, according to a filing with the SEC.
- 500 Startups raises an initial $19.5 mln for Japan fund
500 Startups has raised more than $19.5 million for a $30 million targeted fund focused on Japan, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1657603/000165760316000002/xslFormDX01/primary_doc.xml The filing for 500 Startups JP lists co-founders Dave McClure and Christine Tsai, as well as James Riney, who heads up 500 Startups Japan.