Private Equity
The House, Google’s Gradient Ventures and machine learning researchers from UC Berkeley have teamed up to launch AI@The House, an artificial intelligence innovation hub at the university that includes an AI accelerator. The accelerator will help AI-focused companies with thought leadership, venture funding and provide engineer office hours and co-hosting events. Investments in the accelerator companies will reach up to $120,000, and companies are eligible for additional investment from The House. Any company with at least one UC Berkeley affiliated founder on the team is eligible to apply.
1 min read · 17 January 2018
Ontario Capital Growth Corp (OCGC), an agency of the Ontario government, said it plans to commit $60 million to venture capital funds investing in sectors of interest to the provincial economy. OCGC, launched in 2009, will commit the capital alongside institutional, corporate and other investors in specialty funds focused on opportunities in clean technology, information technology, and life sciences. Led by President and CEO Steve Romanyshyn, OCGC reports its market activity has helped leverage more than $300 million invested in technology companies.
2 min read · 16 January 2018
Scaleworks has raised $10 million for its new venture finance fund, according to a blog post. The fund will make loans to growing SaaS companies. Karl Pichler, former chief financial officer at Rackspace, will manage the fund.
1 min read · 16 January 2018
Xplorer Capital has raised over $25 million for its third fund, according to an updated SEC filing. No target was listed on the document. The venture firm invests in internet and digital media businesses in emerging markets.
1 min read · 16 January 2018
3 min read · 15 January 2018
Jerusalem-based OurCrowd, a global equity crowdfunding platform, has launched Cognitiv, a $100 million fund. Cognitiv is focused on early-stage companies that leverage AI, deep-learning, IoT, robotics and digital manufacturing.
4 min read · 11 January 2018
2 min read · 10 January 2018
Renault-Nissan-Mitsubishi said it established Alliance Ventures, a corporate venture fund with the potential to invest up to $1 billion over five years.
1 min read · 09 January 2018
Canadian venture capital firm Pangaea Ventures has started tracking and reporting on the impact of its portfolio of advanced-materials companies. The firm is measuring impact across four categories: carbon dixoide reduction, fresh water produced or saved, food production increased, and lives impacted. It will produce an estimated cumulative impact of the portfolio by the end of 2025. General Partner Chris Erickson, who founded Pangaea in 2000, said tracking and reporting on the sustainability and social impact of the firm's portfolio is "the next logical step to maintain a leadership position.”
2 min read · 09 January 2018
AngelList and Accomplice kicked off Spearhead, an effort to encourage and mentor startup founders to become angels and make their own investments.
1 min read · 09 January 2018
