Fundraising

Ex-Social Capital partners seek to raise $150 mln maiden fund at Tribe Capital

Tribe Capital targets $150 mln for inaugural fund

Tribe Capital is seeking to raise $150 million for its debut fund, according to an SEC filing. Based in Menlo Park, California, the venture firm was founded by former Social Capital partners.

Cathay Africinvest Innovation aims to make an impact on Africa with the largest VC fund on the continent

Cultivian Sandbox Ventures raises $135 mln for third venture fund

Cultivian Sandbox Ventures has closed its third venture fund at $135 million. Cultivian Sandbox Food & Agriculture Fund III will invest in food and agriculture technology companies.

Ontario Teachers' unveils tech-focused VC, growth equity platform

Ontario Teachers' Pension Plan has launched a new platform focused on late-stage venture capital and growth equity investments in technology companies. Teachers' Innovation Platform (TIP), which will target global opportunities to disrupt incumbents and create new sectors, will be led by Senior Managing Director Olivia Steedman. Steedman, who joined the $191 billion Canadian pension fund in 2002, was previously managing director of the infrastructure and natural resources group. Steedman said TIP will take advantage of "significant opportunities to invest in the new businesses and sectors" emerging from "unprecedented change" in computing, materials science, robotics, medicine and other areas.

Next Coast Ventures targets $150 mln for sophomore fund

Next Coast Ventures is seeking to raise $150 million for its second fund, according to an SEC filing. The Austin-based venture firm invests in tech companies.

Space Capital has raised almost $15 mln towards debut $50 mln fund

Xfund aims to raise $100 mln for its third fund years after bitter partner dispute

Drive Capital raises $558 mln for two venture funds

Drive Capital has raised $558 million for two venture-capital funds, according to filings with the SEC.

Math Venture Partners gathers over $44 mln for sophomore fund

Math Venture Partners has raised over $44 million for its second fund, according to an SEC filing. Based in Chicago, the venture firm invests in technology and digital companies.