Fundraising

CIBC’s tech-lending arm ramps up cross-border strategy with new hires, deals

SEC takes first action against cryptocurrency-sector firms for failure to register

Health Velocity Capital raises $99 mln toward maiden venture-capital fund

Health Velocity Capital has raised $99 million toward a $150 million maiden venture-capital fund, according to a filing with the SEC.

Lightbox raises $178 mln for third venture fund

Lightbox Ventures has raised $178.1 million of a targeted $200 million for a third venture fund, according to a regulatory filing.

Fund Performance: UTIMCO venture portfolio, vintages 2012 to 2014

MissionOG gathers $60.9 mln for sophomore fund

Philadelphia-based MissionOG, an early-to-growth stage venture firm, has raised $60.9 million for its second fund, according to an SEC filing. The target is $100 million.

Rise of the rest is 'greatest arbitrage' of a lifetime, says Steve Case

Aramco considering $1 bln tech venture fund: WSJ

Aramco, Saudi Arabia's national oil company, is considering a $1 billion venture fund that will invest in international technology firms, according to the Wall Street Journal. The news outlet also reported that Aramco is contemplating opening an office in Silicon Valley or "elsewhere in the U.S. to generate deals."

Chinese entrepreneurs ahead in AI implementation, says investor Kai-Fu Lee

Westlake Village BioPartners gathers $320 mln for maiden fund

Los Angeles-based Westlake Village BioPartners, a venture firm focused on life sciences, has raised $320 million for its debut fund. Dr. Beth Seidenberg, a general partner at Kleiner Perkins and former chief medical officer and head of global development at Amgen and Dr. Sean Harper, executive vice president and head of R&D at Amgen, will lead Westlake’s investing activities. And, Scott Ryles, chief operating officer at Kleiner Perkins, will be Westlake's chief operating officer.