Fundraising

Sony, Daiwa form $185 mln innovation growth fund

Sony Innovation Fund, the venture arm of Sony Corp, and Daiwa Capital have partnered to form a new investment vehicle called the Innovation Growth Fund. The fund is targeted to raise up to $185 million to invest in mid to late-stage startup tech companies in Japan, United States, Europe and Israel, and it is open to outside LPs. Investors joining Sony and Daiwa at the first close include Sumitomo Mitsui Bank and Osaka Shoko Shinkin Bank, among others.

Initialized Capital raises $50 mln venture fund

Initialized Capital has raised a $50 million venture-capital fund, according to a filing with the SEC.

Upfront Ventures is seeking $250 mln third growth fund

Upfront Ventures, a Santa Monica, California-based firm, is raising $250 million towards a third growth fund, according to a regulatory filing. First sale was not reported.

MPM Capital raises $52.7 mln toward oncology fund

MPM Capital has raised $52.7 million toward a $200 million oncology venture-capital fund, according to a filing with the SEC.

RiverPark Ventures targets $75 mln for third fund

RiverPark Ventures is seeking to raise $75 million for its third fund, according to an SEC filing. The New York City-based firm is focused on entrepreneurs.

Hamilton Lane argues there’s no venture bubble

Vertex Ventures raised $150 mln second US fund

Robinhood backer Susa Ventures wraps up two funds totaling $140 mln

Montage Ventures collects over $18 mln for sophomore fund

Montage Ventures has raised over $18 million for its second fund, according to an SEC filing. The target is $37.5 million. Based in Menlo Park, California, Montage Ventures invests in financial services, ecommerce, marketplaces and healthcare startups.

TDK Ventures launches $50 mln fund

TDK Ventures has launched a $50 million fund that will invest in early-stage startups in material science, energy/power and related areas. TDK Ventures was formed by Tokyo-based TDK Corporation, an electronics company.