Fundraising

Builders VC Fund marches toward $200 mln target

Early-stage venture firm Builders, which has offices in San Francisco and Chicago, has raised more than $115.5 million from 36 investors toward its $200 million targeted inaugural fund, according to a regulatory filing. The Builders VC Fund was launched in late 2016 by Paul Lee, who was formerly with Lightbank, and Jim Kim, who previously was with Formation 8. Separately, Builders raised $10 million from three investors for Builders VC Entrepreneurs Fund I, according to a regulatory document.

Promus Ventures sets $75 mln target for third fund

Promus Ventures is seeking to raise $75 million for its third fund, according to an SEC filing. The Chicago-based venture firm invests in early-stage deep-tech software/hardware companies.

SoftBank's ambitions remain high with a second Vision Fund on the way: here's a running tab of its investments

Industry Ventures raises larger $335 mln hybrid fund of funds

Industry Ventures wraps up fund at $335 mln

Industry Ventures has closed its fifth hybrid fund of funds at $335 million. The San Francisco-based venture firm focuses on secondary investments, hybrid fund of funds investments and direct co-investments.

Bullpen Capital raises nearly $140 mln to continue post-seed investing

Moonshots Capital, led by and investing in military vets, rockets from angel to venture

Wave Capital launches as market place focused seed fund

Wave Capital unveiled itself in a blog post, describing the firm as seed fund focused on backing internet market place companies.

Cintrifuse holds first close on $85 mln fund

Cincinnati-based Cintrifuse has raised a little more than $34 million of a targeted $85 million fund, according to a regulatory filing. The syndicate venture fund invests in early-stage funds and entrepreneurs nationwide. Its previous fund was $57 million.

Venture looks anew at fund restructuring