Private Equity
Burlingame, California-based cybersecurity-focused investor Ten Eleven Ventures announced it has raised $140 million for its second growth fund. The firm, managed by Alex Doll, a digital-security entrepreneur and son of DCM Ventures co-founder Dixon Doll, and investor Mark Hatfield, said it added several new investors into the fund, including Singapore LP Temasek. Ten Eleven said it will work with Temasek to expand geographically, including into Southeast Asia, where the firm says its portfolio companies are aiming to reach when they hit the point of scaling.
1 min read · 07 August 2018
August Capital is seeking to raise $250 million for its eighth fund, according to an SEC filing. Based in Menlo Park, California, the venture firm is focused on information technology.
1 min read · 06 August 2018
Canadian cannabis investment firm Green Acre Capital has launched its second fund, securing more than $35 million in lead commitments. Green Acre Capital Fund II was backed by Aphria Inc, York Plains Investment Corp, Brett Wilson, Craig Lothian and several other wealthy investors. Like Fund I, which raised $25 million last year, Fund II will invest in early- and growth-stage private companies in the medical and recreational cannabis industry. It will source opportunities in Canada and abroad. Based in Toronto and Calgary, Green Acre Capital is led by Managing Directors Matt Shalhoub and Tyler Stuart.
3 min read · 03 August 2018
3 min read · 03 August 2018
Georgian Partners has raised about $715 million (US$550 million) for its fourth growth equity fund, winning a strong vote of confidence from limited partners for the firm’s North American scaling strategy. Georgian Partners Growth Fund IV closed this week at its hard cap, the Toronto investor told PE Hub Canada. The fund, Georgian's largest to date, secured 47 percent more than its predecessor, which raised about $485 million in 2016. It is also one of Canada’s largest private tech partnerships on record, according to Thomson Reuters data.
3 min read · 03 August 2018
Felicis Ventures has raised $270 million for its sixth fund, according to an SEC filing. The Menlo Park, California-based venture firm "backs iconic companies reinventing existing markets and creating frontier technologies," according to Crunchbase.
1 min read · 02 August 2018
The New Brunswick government has committed $10 million to Build Ventures Fund II, the second early-stage technology fund of Canadian venture capital firm Build Ventures. Halifax-based Build, which targets opportunities in clean technology, life sciences, information technology and other high-growth sectors in Atlantic Canada, raised $65 million for Build Ventures Fund I in 2013. Fund I invested in five New Brunswick companies, including Fredericton-based agricultural predictive analytics provider Resson, which closed a $14 million Series C financing earlier this year. Build is led by General Partners Patrick Keefe and Rob Barbara.
2 min read · 01 August 2018
1 min read · 01 August 2018
Azure Capital Partners has set out to raise a growth fund, according to a filing with the SEC.
1 min read · 01 August 2018
Better Ventures is raising a third venture fund targeted at $35 million, according to a regulatory filing. The Oakland-based firm makes early-stage investments in sectors including education technology, healthcare, and clean energy, according to its website. It is led by Wesley Selke and Richard Moss. The filing lists no investors.
1 min read · 01 August 2018
