Fundraising

Seventure Partners targets over 200 mln euros for health fund

Seventure Partners has raised an undisclosed sum for its second fund focused on the microbiome and health, nutrition and digital/connected health sectors. The target of Health for Life Capital II is over 200 million euros. The fund's investors include an unnamed U.S. based global food ingredient provider.

500 Startups Japan rebrands as Coral Capital

500 Startups Japan announced that it has raised its next fund under the new brand name of Coral Capital. The $45 million fund will involve the same people and continue to invest in seed-stage startups in Japan. The firm raised an oversubscribed $35 million fund for its inaugural effort in 2017 under the 500 Startups name. Founding Partner and CEO James Riney said in a blog post that the new fund was raised in less than three months.

Salesforce Ventures raises $50 mln Australian Fund

Salesforce Ventures, the corporate investment arm of Salesforce, announced it has launched the Australia Trailblazer Fund, a $50 million fund to back Australian startups. This is the CVC's third regional fund in the last year year, following the launch of a Canada Fund in May and a Japan Fund in December of last year.

Seed-focused Susa Ventures seeks $140 mln for two funds

Northern Light Venture Capital raises nearly $450 mln for fifth fund

Boulder Food Group raises over $103 mln towards its second fund

Boulder Food Group, a venture capital firm focused on early-stage innovative and socially conscious food, beverage, and supplemental brands, raised over $103 million towards its second fund, according to a filing with the SEC.

Peter Thiel-backed Miruvor raises $84.3 mln venture-capital fund

Peter Thiel-backed FF Miruvor Management has raised $84.3 million for a venture-capital fund, according to a filing with the SEC.

Venture capital emerging manager roundup: GreatPoint, Glean, Bling and more

Silicon Valley Bank obtains OSFI licence, opens Toronto office

U.S. technology debt financing firm Silicon Valley Bank (SVB) has been granted a licence to operate in Canada from the Office of the Superintendent of Financial Institutions (OFSI). SVB, a Santa Clara, California-based affiliate of SVB Financial Group (Nasdaq: SIVB), said it will now begin lending to technology and life sciences companies and their investors across Canada from a new base in Toronto. The firm also provides cross-border banking services to Canadian companies that have or seek a U.S. presence. Last year, SVB hired Barbara Dirks to head its Canadian expansion and team. Dirks joined from Royal Bank of Canada.

ESO Fund raises funds for financing employee stock option purchases