Private Equity
Menlo Park, California-based GGV Capital, a venture firm that invests in the U.S. and China, has closed its new funds at a total of $1.88 billion. The new funds include GGV Capital VII and VII Plus, which raised $1.36 billion; GGV Discovery II, which raised $460 million; and GGV Capital VII Entrepreneurs Fund, which raised $60 million.
6 min read · 16 October 2018
3 min read · 16 October 2018
Vistara Capital Partners has set a target of about $130 million (US$100 million) for its third technology debt fund, according to a news release. Vistara Technology Growth Fund III launched with initial committed capital of about $52 million (US$40 million), supplied primarily by returning investors. Fund III will maintain the firm’s strategy of providing flexible, tailored debt financing to mid-to-late-stage tech companies in North America. Vancouver-based Vistara, co-founded in 2015 by Managing Partner Randy Garg, also said it planned to open a Toronto office to gain more exposure to Ontario tech deal opportunities.
2 min read · 16 October 2018
Updata Partners is seeking to raise $300 million for its sixth fund, according to an SEC filing. Based in Washington, D.C. Updata is a growth equity firm.
1 min read · 15 October 2018
Glilot Capital Partners, an Israeli venture firm focused on early-stage startups, has closed its third fund at $110 million. As with the previous funds, Glilot III will invest in Israeli early-stage startups in artificial intelligence, big data and cyber security.
2 min read · 15 October 2018
Rhythm Venture Capital has launched Rhythm Fund X, a new fund. Rhythm Fund X has raised an undisclosed amount of funding in its first closing. The fund is seeking to make its initial investment by the end of the first quarter of 2019. Rhythm Venture Capital focuses on digital health, healthcare services, biotech and life sciences.
1 min read · 12 October 2018
Houston Exponential has raised $25 million toward its Houston-based venture-capital fund of funds, the HX Venture Fund, according to a filing with the SEC.
1 min read · 11 October 2018
Atomic Labs has raised $148.4 million for its second fund, according to an SEC filing. With offices in San Francisco, Phoenix and Ontario, the venture firm makes seed and early-stage investments.
1 min read · 11 October 2018
Moonshots Capital, a seed-stage venture firm founded by military veterans and serial entrepreneurs-turned VCs, announced it has raised $19 million for its inaugural fund. LPs include Dave McCormick, Co-CEO of Bridgewater Associates. The firm, led by Managing Partners Kelly Perdew and Craig Cummings, has offices in Los Angeles, California and Austin, Texas. Moonshots said it has already invested in four deals, including cybersecurity company New Knowledge and business travel booking provider Shep.
1 min read · 11 October 2018
2 min read · 11 October 2018
