Fundraising

Abingworth, has raised $132.2 million for its eighth bioscience venture fund, according to an SEC filing.

The late-stage venture fund has reported annual unrealized losses of more than $17bn and paused marketing for Vision Fund 2.

Northgate Capital has raised $70 million for its ninth venture fund, according to an SEC filing.

Closed Loop Partners is seeking to raise $50 million for its second venture fund, according to an SEC filing.

Summit Partners recently launched its fifth venture product and grabbed three LP commitments over the last week.

Farm Credit Canada has launched a C$100 million venture capital fund to provide financing to Canadian agriculture and food companies facing unexpected disruptions, such as the covid-19 pandemic.

The $10m fund will target seed and early-stage growth in Toronto, Waterloo, Montreal, New York and Boston, with a focus on B2B software.

Overland Park, Kansas-based Flyover Capital, a venture firm, has raised $30.75 million for its second tech fund, according to an SEC filing.

HLM Venture Partners has raised over $64.2 million for its fifth fund, according to an SEC filing.

The cross-border investor wraps up its second fund on target with €500m from strategic investors and opened a Singapore office this year.