Fundraising

New Voices Fund raises $20 mln for $100 mln-targeted fund

New Voices Fund has raised $20 million for its new fund, according to an SEC filing. The target is $100 million. The fund will focus on women of color entrepreneurs.

Several investors of Social Capital opt not to invest in next fund: Bloomberg

Social Capital, once one of the hottest VC firms, has seen its fortune dim. At least five investors will not invest in Social Capital’s next fund, Bloomberg is reporting. The firm has seen a number of defections as Social Capital has postponed fundraising at least three times in the past year, the story said. Social Capital’s $600 million fund, closed in 2015, is 90 percent committed, Bloomberg said.

Monthly recap of fund briefs, as of July 16

Crosslink closes eighth fund with $275 mln

Crosslink Capital announced it closed its eighth fund, which was oversubscribed, with $275 million in commitments. The early-stage firm, which has offices in San Francisco and Palo Alto, California, had targeted to raise $250 million, according to a regulatory filing in November. The firm had raised $170 million for its previous fund, which closed in February 2015.

Iron Pillar amasses $5.3 mln for maiden fund

Iron Pillar has raised $5.3 million for its debut fund, according to an SEC filing. The target is $150 million. Iron Pillar is a venture firm focused on mid-stage technology investments in India.

Golden Equator and Korea Investments targets $88 mln for Asia tech startups fund: Bloomberg

Golden Equator Capital and Korea Investments Partners are seeking to raise $88 million for a joint fund, according to Bloomberg. The fund will invest in tech startups in Asia. The fund is reportedly targeting a final close by the end of the year, reported the news outlet.

SEC fines Sofinnova Ventures for pay-to-play violations

SaaS growth investor Blue Cloud Ventures wraps up its second institutional fund

Floret Ventures targets $25 mln for fund

Floret Ventures is seeking to raise $25 million for its new fund, according to an SEC filing. Stella Kleiman and Lily Teng serve as general partners of San Francisco-based venture firm.

SRI launches $100 mln early-stage fund

SRI Capital has launched its debut $100 million early-stage venture fund focused on tech opportunities in the U.S. and India. The fund's limited partners include Sashi Reddi's family office, Doc Parghi and two advisory partners based in India.