Fundraising

Lux Capital has raised almost $1.5 billion for a pair of two new funds, reported the Wall Street Journal.

VenBio has closed its fourth life sciences venture fund at about $550 million.

Canada's TD Bank has established a C$100 million equity fund in support of minority-owned small businesses.

Venture capital firm AQC Capital has launched a new fund to invest in Quebec early-stage companies.

Master Ventures has launched a $30 million venture fund.

Unicorn Capital Partners, an Asian venture capital fund-of-funds manager, has raised $450 million for its fourth fund.

MPower Partners Fund has launched its inaugural venture fund.

The Black-led firm says it will donate 50% of the carried interest to Historically Black Colleges and Universities, which are also LPs in the firm's new $250m growth-oriented fund.

The Atlanta emerging manager focuses on Black entrepreneurs and will invest in its hometown of Atlanta and in such cities as DC, Houston, Detroit, St. Louis, and New Orleans.

The São Paulo-based investment firm has raised capital across two Latin American funds.