Fundraising

Blue Heron to raise $75 mln for sophomore fund

Blue Heron Capital is seeking to raise $75 million for its second fund, according to an SEC filing. Based in Richmond, Virginia, Blue Heron invests in small-cap growth equity companies in healthcare and tech-enabled business services.

H Capital targets $700 mln for fifth venture fund

H Capital is seeking to raise $700 million for its fifth venture fund, according to an SEC filing. The Teaneck, New Jersey-based venture firm invests in tech-centered companies.

Fund Performance: PSERS venture capital portfolio (2008 to 2015)

Asian VC industry more than doubled in three years

Social Capital claims a cumulative net IRR of 18.6 percent

Fenox and Sega Sammy roll out $20 mln venture fund

Silicon Valley-based venture firm Fenox Venture Capital and Japanese general entertainment company Sega Sammy Holdings have launched a $20 million venture fund. The fund invests in advanced technologies.

True Ventures wraps up two funds at combined $635 mln

True Ventures, a backer of Blue Bottle Coffee, Fitbit, Madison Reed and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.True Ventures, a backer of Blue Bottle Coffee, Fitbit and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.

Polymath Ventures plans $100 mln Latin American fund

Polymath Ventures is planning a $100 million fund that will develop and invest in high-impact companies in Latin America. Based in Colombia and Mexico, Polymath is company builder focused on the middle class in emerging markets.

Fintech investor Portag3 raises $198 mln in first close of Fund II

Portag3 Ventures, the financial technology firm of Canadian holding company Power Corp, has secured $198 million in the initial close of its second fund. Portag3 Ventures II LP, which is targeted to raise more than $300 million, was backed in the first close by Power affiliates and third-party investors. The latter include National Bank of Canada, Intact Financial Corp, Guardian Capital Group, Equitable Bank, La Capitale and SSQ Insurance. Fund II will maintain Portag3's strategy of investing in early-stage companies and funds in the global financial technology sector. Since its launch in 2016, the firm has made more than 30 investments. Portag3 is led by President and Managing Partner Adam Felesky.

Work-Bench raises more than $46 mln for enterprise startups

New York City-based Work-Bench, an enterprise-focused venture fund and community, raised more than $46.2 million for its second fund, according to a regulatory filing. Work-Bench was co-founded by General Partners Jonathan Lehr and Jessica Lin in 2013. It is based in a 32,000-square-foot office in Union Square where it hosts events and operates an enterprise tech hub.