Fundraising

Emergence Capital raises 30 percent larger fifth fund at $435 mln

Lack of accounting rules for tokens, ICOs can hinder venture exits

Biomatics Capital targets $300 mln for second venture fund

Biomatics Capital is raising a second venture fund targeting $300 million, according to a regulatory filing. The Seattle-based firm is led by Julie Sunderland, who previously served as the director of program related investments for the Bill & Melinda Gates Foundation, and Boris Nikolic, previously the chief advisor for science and technology to Bill Gates, according to the firm’s website.

Underscore.VC collects $116.9 mln for sophomore fund

Boston-based venture firm Underscore.VC has raised $116.9 million for its second fund, according to an SEC filing. The firm invests in a number of sectors that include artificial intelligence, blockchain, internet of things and machine learning.

University of Michigan re-ups $125 mln to PE, VC funds

Five Questions with Jon Auerbach of CRV

SVB Capital raises $392 mln Sprout Endurance Partners fund

SVB Capital has raised a $392 million Sprout Endurance Partners venture capital fund, according to a filing with the SEC.

Highline BETA unveils accelerator program for women angels

Highline BETA has relaunched Female Funders Angel Academy, an accelerator program for women executives pursuing angel investing. Highline BETA's Female Funders will partner with the National Angel Capital Organization to sponsor an eight-week training program covering the fundamentals of angel investing. In the year following the training, Angel Academy members will be able to write their first investment cheque for startups sourced independently or through the Female Funders syndicate, and to co-invest with Highline BETA. Toronto-based Highline BETA is a startup co-creation and new venture development firm.

New Markets wraps up second fund at $68 mln

New Markets Venture Partners has closed its second fund at $68 million. The fund will focus on education technology and innovations.

Arbor Ventures raises $178.6 mln toward second venture fund

Arbor Ventures has raised $178.6 million toward a $220 million second venture fund, according to a filing with the SEC.