Fundraising

VentureFriends, a European early-stage venture firm, has raised 90 million euros in the first close of its new fund.

Camber Partners has closed its inaugural fund at a hard cap of $100 million.

Norwest Venture Partners XVI will target "innovative companies with transformational businesses."

Global Ventures, an UAE-based venture firm, has secured an investment from Bupa Arabia for its second fund.

Iris Ventures, a newly launched venture firm, has unveiled an inaugural fund of 100 million euros, according to a post on Linkedin.

Health Velocity Capital has raised $285 million for its second fund, according to an SEC filing.

Probitas Partners annual LP survey revealed that maintaining established relationships with fund managers soared this year, reflecting the surging fundraising environment and its impact on fund manager access.

Fund II's investors include Dolby Family Ventures, Thiel Foundation, GRIDS Capital and S Cubed Capital.

VoLo Earth Ventures, a Colorado-based early-stage climate tech venture firm, has launched its debut fund, beating its $50 million target.

Pelion Venture Partners has closed its seventh fund at $365 million, beating its $250 million target.