Fundraising

Next 10 Ventures raises $50 mln

Next 10 Ventures said it has raised $50 million of financing. Its fund will focus on content creators and the firm is founded by Benjamin Grubbs, formerly global director of top creator partnerships at YouTube.

Lerer Hippeau raises $60.6 mln for second select fund

Lerer Hippeau has raised a $60.6 million second “select fund” for follow-on investments in addition to its recent $122 million sixth fund, according to regulatory filings.

Silverton wraps up fifth fund at $108 mln

Austin-based Silverton Partners has closed its fifth fund at $108 million. Among the companies Silverton have backed include Convio, WP Engine, SpareFoot, SailPoint, Silicon Labs, TurnKey, Restream.io and SourceDay.

London’s Dawn Capital: $235 mln on horizon for Series A SaaS, fintech

Unusual Ventures raises $160 mln for maiden fund

Unusual Ventures, a new seed-stage venture firm, has closed its inaugural fund at $160 million, according to a post on its site. Jyoti Bansal and John Vrionis are the co-founders.

Switch Ventures bolsters data-driven approach with new hire

NEA considering large portfolio secondary sale, reports says

New Enterprise Associates is reportedly moving to sell a large piece of its portfolio in an effort to return capital to its limited partners, according to a news report in The Wall Street Journal.

Venture Investors targeting $100 mln for healthcare fund

Venture Investors is raising a sixth healthcare venture fund targeted at $100 million, according to a regulatory filing. The firm is led by James Adox, David Arnstein, Scott Button, John Neis, and Paul Weiss, with offices in Madison, Wisconsin, and Ann Arbor, Michigan.

Arrowroot, with TA pedigree, deploys most of Fund III, looks to SaaS opportunity

OpenView wraps up Fund V with more than $296 mln

Boston-based OpenView, an expansion-stage investor which has backed Balihoo, ExactTarget and Mashery, among others, has closed its fifth fund with $296.75 million in commitments, according to a regulatory filing. The commitments came from 23 investors, the filing reports. The firm was initially seeking $250 million, as reported last year, which is the same size as its fourth fund in 2014.