Fundraising

Second Vision Fund seen as likely

Adams Street to raise seventh growth fund

Adams Street Partners has set out to raise a seventh growth fund, according to a filing with the SEC.

MATH Venture Partners raises $46 mln early-stage fund

MATH Venture Partners said it closed a $46 million second early-stage venture capital fund to back technology companies.

Pangaea Ventures raises $70 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has closed its fourth advanced-materials fund, raising about $70 million in commitments. Pangaea Ventures Fund IV was backed by a range of limited partners, including VanCity and BC Tech Fund, managed by Kensington Capital Partners. Pangaea also increased its strategic investors to twenty-five. Fund IV backers include existing investors CoorsTek, JSR and Mitsubishi Chemical Holdings and new investors Adidas, Doosan, Henkel, Lam Research, PTT Global, Sekisui, Severstal, Shin-Etsu and TOSOH.

Cofounders Capital raised over $31 mln towards a $50 mln second fund

Motus Ventures to raise $30 mln for new fund

Redwood City, California-based Motus Ventures is seeking to raise $30 million for its smart world innovation fund. The fund will focus on artificial intelligence, robotics and internet of things technologies.

Pangaea Ventures raises $95 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has closed its fourth advanced-materials fund, raising about $95 million (US$70 million) in commitments. Pangaea Ventures Fund IV was backed by a range of limited partners, including VanCity and BC Tech Fund, managed by Kensington Capital Partners. Pangaea also increased its strategic investors to twenty-five. Fund IV backers include existing investors CoorsTek, JSR and Mitsubishi Chemical Holdings and new investors Adidas, Doosan, Henkel, Lam Research, PTT Global, Sekisui, Severstal, Shin-Etsu and TOSOH. Vancouver-based Pangaea, founded in 2001 by General Partner Chris Erickson, said the fund will invest in up to 14 materials-driven companies addressing the energy, electronics, health and sustainability sectors.

M25 sets $30 mln target for third fund

M25 is seeking to raise $30 million for its third fund, according to an SEC filing. Based in Chicago, the early-stage venture firm invests in companies headquartered in the Midwest.

BMO unveils tech financing, advisory group led by Andre Salvi

Bank of Montreal (BMO) has launched a new specialized group to provide advice and financing to companies in Canada's technology sectors. BMO's Technology and Innovation Banking Group will support companies at every stage of their life-cycle, from startup to post-exit or initial public offering, and help them build cross-border operations. The group is headed by Andre Salvi, whose prior BMO roles include serving as a private equity professional at BMO Capital Partners and leading partnerships with financial technology companies. He will be joined by Managing Directors Devon Dayton and Deirdre Bergin.

Hamilton Lane’s Mike Woollatt on Canadian tech’s ‘real moment’