Fundraising

Storm Ventures sets sights on sixth fund

Enterprise-focused, early-stage investor Storm Ventures is seeking to raise a sixth fund, according to a regulatory filing. The filing did not disclose a target amount. The firm’s current fifth fund closed at its hard cap of $180 million in 2015. Earlier this year, Storm Ventures added Paul Willard as a partner and has promoted Arun Penmetsa to partner, joining Managing Directors Ryan Floyd and Tae Hea Nahm.

Wildcat to raise $120 million second venture-capital fund

Wildcat Venture Partners has set out to raise a $120 million second venture-capital fund, according to a filing with the SEC.

SignalFire to raise third venture-capital fund

SignalFire has set out to raise a third venture-capital fund, according to a filing with the SEC. No target or first close was listed.

Coatue to raise early-stage venture-capital fund

Coatue Management has set out to raise an early-stage venture-capital fund, according to a filing with the SEC. No fund target or first close was listed.

Gaorong collects $450 mln for fourth fund

Chinese venture firm Gaorong Capital has raised $450 million for its fourth fund, according to an SEC filing. Gaorong Capital focuses on early and growth stage investments in TMT, including AI and frontier technologies, consumption and retail, fintech and enterprise services.

Larger VC funds outperform smaller funds in 2017

Japanese telecom company's NTT Communications raises $500 mln for venture fund

NTT Venture Capital has raised $500 million for its new fund, according to an SEC filing. NTT Venture Capital is Japanese telecom company's NTT Communications' venture fund. Vab Goel, former general partner at Norwest Venture Partners, led the fund.

Emerging manager roundup: Health Velocity, Base10 Partners, Bluepoint and more

500 Startups wraps up oversubscribed Vietnam fund

500 Startups, which operates worldwide micro-funds, announced it has raised $14 million in an oversubscribed Vietnam-focused fund. The fund, launched in 2016, had targeted initially to raise $10 million. In a blog post, 500 Startups said it has already invested nearly $3 million in 36 companies to date, with a focus on companies serving the Vietnam market or leveraging Vietnamese talent. The fund is led by Eddie Thai (a Vietnam-based entrepreneur) and Binh Tran (co-founder and former CTO of Klout).

DLA Piper’s Ignacio Sanchez on CFIUS’ new regulations and pilot program