Fundraising

NEA completes secondary sale of 26 portfolio companies for about $1 bln

What investors tell their companies

How venture is preparing for a downturn

Qualcomm unveils $100 mln AI investment fund

Qualcomm unveiled an AI-focused investment fund, Qualcomm Ventures AI Fund, that will steer up to $100 million to startups working with artificial intelligence. Qualcomm Ventures made its first investment from the fund by participating in a Series A round for AnyVision.

China Renaissance K2 Ventures closes on $67.5 mln for two venture-capital funds

China Renaissance K2 Ventures has closed on $67.5 million of capital for two venture-capital funds, according to filings with the SEC.

Fifth Wall collects $64.25 mln for retail fund

Fifth Wall Ventures has raised $64.25 million for its retail fund, according to an SEC filing. The target is $200 million.

Prime Movers Lab amasses $15.49 mln for debut fund

Prime Movers Lab has raised $15.49 million for its inaugural fund, according to an SEC filing. Jackson, Wyoming-based Prime Movers Lab invests in physics-powered startups founded by Prime Movers.

ISIF, WuXi and GMI launch $400 mln program to boost Ireland as genomics research hub

The Ireland Strategic Investment Fund, WuXi NextCODE and Genomics Medicine Ireland have launched a $400 million investment program aimed at making Ireland a hub for genomics research and development of new disease treatments and cures. The other investors in this initiative include ARCH Venture Partners, Polaris Partners, Temasek, Yunfeng Capital and Sequoia Capital.

Technology Impact Growth Fund seeks $200 mln

Palo Alto, California-based Technology Impact Growth Fund is raising $200 million, according to a regulatory filing. Listed as the fund's managers are Dipender Saluja and Ion Yadigaroglu. The two are partners at the Capricorn Investment Group, an investment firm formed by former eBay President Jeffrey Skoll.

Icon charts a strategy for an era of capital abundance