Fundraising

The fund will back early-stage SaaS companies within the managed service provider (MSP) sector.

The New York City-based firm leverages its founders’ backgrounds to focus more on the builders of companies than the sectors they operate in.

Mountside Ventures’ new accelerator program is the first in Europe specifically geared to emerging VCs, who are struggling to secure commitments from limited partners.

LPs include the City of Fresno Retirement System, which has committed $20m.

Fund IV will invest in early-stage science-driven companies.

Investors include the Firefighters' Pension Investment Fund, which committed $60m, and the Development Bank of Japan, which committed an undisclosed amount.

Forbion Growth Opportunities III raised €1.2 billion and Forbion Ventures VII raised €890 million.

Venture funds raised a little less than $83bn in the first three quarters of this year, down from more than $95bn in the same period in 2023, according to exclusive research by Venture Capital Journal.

How Alka Goel started one of the few women-led venture funds in India – and how she plans to maintain her momentum with her second fund.

Activate Capital is seeking its third fund, while 27 other VC climate funds have already closed on a combined $7.1bn this year.