Fundraising

Array Ventures seeks $35 mln for second fund

San Francisco-based Array Ventures is seeking to raise $35 million for its sophomore fund, according to a regulatory filing. The fund is more than three times the size of its first fund, which raised about $10 million two years. Array is led by Managing Partner Shruti Gandhi, who previously was an investor with True Ventures and Samsung.

Spider Capital Partners to raise $50 mln for sophomore fund

Spider Capital Partners has set a $50 million target for a second fund, according to an SEC filing. The San Francisco-based venture firm invests in "enterprise cloud platforms which are transforming business productivity."

Align Ventures targets $20 mln for inaugural fund

Align Ventures is seeking to raise $20 million for its debut fund, according to an SEC filing. The New York-based seed-stage venture firm invests in emerging brands and next-generation consumer/retail technologies.

Ottawa to invest $700 mln in cleantech sectors through BDC

Ottawa said it will invest $700 million over the next five years in Canada's emerging clean technology sectors. The federal government's allocation will be managed by the Business Development Bank of Canada (BDC). BDC is expected to take on additional risk to help clean technology companies succeed by providing them with the capital required to hire staff, develop products, support sales, scale up and compete globally. Ottawa also announced the launch of Clean Growth Hub, which will support clean technology companies and projects, as well as coordinate programs and track results.

Translink Capital rakes in $107.5 mln for fourth fund

Translink Capital Partners has raised $107.5 million for its fourth fund, according to an SEC filing. No target was listed on the document. The Palo Alto, California-based venture firm "helps entrepreneurs develop customer connections and partnerships in Asia."

Ring Capital raises over 140 mln euros for venture fund

Ring Capital, a Paris-based venture firm, has raised over 140 million euros. The fund's backers include Tikehau Capital, AG2R La Mondiale, BPI France, Bred and Danone. The fund will focus on European growth-stage tech companies. Also, Tikehau has acquired a 25 percent stake in Ring Capital.

InvestX rolls out growth fund that accepts digital currency

InvestX Master GP1 has launched a growth equity fund that will accept both traditional and digital currency. The minimum fundraising target is $20 million with a hard cap at $100 million. InvestX Global Growth Equity Fund will be available to accredited investors in Canada, the United States and internationally. Vancouver-based InvestX provides accredited investors, family offices, and institutional investors with access to investments in late-stage private companies.

Upfront, Claremont, Huntington lead late-decade venture portfolio at CalPERS

Maverick Ventures rakes in over $130 mln for fund

Maverick Ventures has raised over $130 million for its debut fund, according to an SEC filing. The early-stage venture firm invests in the healthcare and tech sectors.

Kickstart Seed Fund wraps up fourth fund at $74 mln

Utah-based Kickstart Seed Fund has closed its fourth fund at $74 million. K4 will focus on making seed and early-stage investments in startups and entrepreneurs based in the Mountain West.