Fundraising

Sequoia Capital China and Starbucks are teaming up to invest in next-generation food and retail tech companies, reported Forbes.

OMERS is launching a US$750 million venture fund that will back early-stage tech companies in North America and Europe, reported Bloomberg.

LPs also discuss liquidity concerns and the denominator effect amid the pandemic and the economic slowdown.

Concord, Massachusetts-based venture firm Kiplin Capital has raised $4.35 million for its inaugural fund, according to an SEC filing.

New York venture firm Venrock has raised nearly $450 million for an evergreen vehicle that will invest in both private and public biotech companies.

Brewer Lane Ventures has raised $120 million for its inaugural fund, according to an SEC filing.

Gurley, 53, is best known for leading Benchmark’s investment in Uber, which is one of the most successful venture investments in history.

The region saw less than $1bn of exit activity for the first time since 2012, despite stable dealflow and larger than usual fundraising numbers.

Sweetwood Ventures, the venture capital arm of Sweetwood Capital, has closed its first venture capital fund of funds at $70 million.

Mucker Capital is seeking to raise $175 million for its new fund, according to an SEC filing.