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Fund Briefs May 18, 2015A recap of recent venture-related fundraisings and filings; plus tables and data on closings worldwide
Ontario Pension Board helps top up Northleaf Venture Catalyst FundNorthleaf Venture Catalyst Fund, a venture fund of funds managed by Northleaf Capital Partners, has added the Ontario Pension Board to its investor base. With the new commitment from Ontario Pension Board, as well as increased commitments from BDC Capital and the Ontario government, capital committed to the Northleaf fund now totals $264 million. Since its initial close in January 2014 /canada/2014/01/21/first-vcap-fund-of-funds-northleaf-venture-catalyst-fund-nets-218-mln-in-initial-close/ the fund has made commitments to the latest partnerships of Georgian Partners, Golden Venture Partners, Relay Ventures, Versant Ventures, Version One Ventures and XPV Capital. It has also made direct investments in Canadian startups eSentire, FreshBooks, Silanis, Vision Critical and Wattpad.
Northleaf collects C$264 mln for venture fund of fundsNorthleaf Capital Partners has raised $264 million for its venture catalyst fund. Northleaf Venture Catalyst Fund's investors include Ontario Pension Board. NVCF, the first fund of funds to be established under the Canadian government's Venture Capital Action Plan, has made 11 investments so far.
- Outreach snags $2.3 mln seed
Seattle-based Outreach, a sales automation platform provider, has raised $2.3 million in seed funding. The investors included Version One Ventures, Mark Sugarman of MHS Capital and Mike Maples of Floodgate.
- Travel app Headout nets $1.8 mln
Travel app Headout has secured $ 1.8 million in seed funding. The investors included Version One Ventures, 500 Startups, Nexus Venture Partners, Arena Ventures, Maiden Lane Ventures, Funders Club, Haystack Fund, Ludlow Ventures and Dreamit Ventures.
Spotlight: Top Canadian deals in Q1Toronto-based VarageSale was the top venture deal of the month in Canada, raising $34 million
Top Canadian VC deals from the first quarterIn the coming weeks, the Canadian Venture Capital & Private Equity Association (CVCA) and Thomson Reuters will issue their reports on Canadian venture capital market activity in the first quarter of 2015. In the meantime, peHUB Canada has compiled a list of the likely top 10 (disclosed) financings completed between January and March.
Online marketplace VarageSale raises $34 mln from Sequoia, LightspeedVarageSale, an online marketplace that provides people with a trusted environment in which to buy and sell, has raised $34 million. As flagged by peHUB Canada last month /canada/2015/03/16/varagesale-raises-series-a-financing-led-by-sequoia-capital-report/ one of the investors in the round was U.S. venture capital firm Sequoia Capital. Joining Sequoia was Lightspeed Venture Partners. Lightspeed's Jeremy Liew and Sequoia's Bryan Schreier have joined the startup's board of directors. Co-founded in 2012 by Carl Mercier and Tami Zuckerman-Mercier, VarageSale plans to use the funds to support product development and community growth and to expand its Toronto team. Canadian venture capital firm Version One Ventures recently disclosed http://versionone.vc/introducing-one-version-ones-earlier-investments-varagesale/ that it is an existing investor in the company.
The best way to score an investor meeting: VCJThere’s no denying that VCs are busy people with hectic schedules, but the calendar app Tempo crunches the data to figure the code on how to best meet them.
The best way to score an investor meetingThere’s no denying that VCs are busy people with hectic schedules, but the calendar app Tempo crunches the data to figure the code on how to best meet them