Fundraising

Alumni Ventures Group collects nearly $30 mln for three funds

Alumni Ventures Group has raised nearly $30 million for its three annual funds: Green D Ventures, Chestnut Street Ventures, and Purple Arch Ventures. The funds enabled alumni from Dartmouth, University of Pennsylvania and Northwestern, respectively, to back ventures of fellow alums. Each fund raised $7.5 million to $10 million.

First Round Capital seeks $220 mln

Early-stage investor First Round Capital is seeking to raise $220 million for its seventh fund, according to a pair of regulatory filings. The fund is 25 percent larger than the $175 million it raised for fund VI in 2016. Since the last fund, the firm named Hayley Barna a general partner, promoting her from venture partner. She previously was co-founder and co-CEO of Birchbox.

Payments company Nvoicepay looks to raise more money

Portfolia’s FemTech Fund: Women investing in women’s health

Monthly recap of VC fundraising activity through Oct. 17

Baltic fund aims to blossom in wake of Skype’s success

September Dashboard: IPOs soar in September; other indices fall

Version One Ventures closes third early-stage fund at $57 mln

Canadian venture capital firm Version One Ventures has closed its third fund at about $57 million in committed capital. Version One Ventures III was backed by new and existing limited partners, including such institutions as Invesco, HarbourVest, Northleaf Capital Partners and Kensington Capital Partners. Commitments were also secured from entrepreneurs at Shopify, Slack, Hootsuite, Wattpad, Salesforce and other companies. Founding Partner Boris Wertz said Fund III will double down on the investment strategy followed by Vancouver-based Version One since its launch in 2012. It will lead or join pre-seed and seed rounds with cheque sizes of $500,000 to $750,000, backing North American startups and platforms that leverage network effects.

Corviglia Capital Fund launches with $500 mln target

Petr Šmída and Cezary Smorszczewski have launched Corviglia Capital Fund, a fintech growth pool that is seeking $500 million in capital commitments. The fund has secured $250 million in a first close. Šmída co-founded ENERN, an Eastern European/DACH venture capital firm which has invested in 20 tech companies. Smorszczewski co-founded and is the former deputy-CEO of Alior Bank. The fund will make minority investments in financial services and banking.

Connecticut mulls $100 mln for VC funds and startups