Fundraising

Science Inc raises $12.3 mln via ICO for its venture fund

Science Inc has raised $12,298,073 toward its venture fund via an initial coin offering, according to a regulatory filing. The Santa Monica, California-based firm is led by Mike Jones, Peter Pham, Gregory Gilman and Tom Dare, and it invests in such sectors as mobile media, Internet of Things, gaming, fintech and blockchain, according to its website. The fund, Science Blockchain Pte Ltd, was hard capped at $100 million, according to the offering memorandum. It is Science’s fourth fund, following two incubator funds and one venture fund. The filing lists 389 investors.

Astra Capital amasses $138 mln for debut fund

Washington, D.C.-based Astra Capital Management has raised $138 million for its inaugural fund, according to an SEC listing. No target was specified in the document.

Flagship Pioneering nabs $618 mln for sixth fund

Flagship Pioneering has raised $618 million for its sixth fund, according to an SEC filing. The Cambridge, Massachusetts-based venture firm invests in the health and sustainability sectors.

Fly Ventures rakes in $41 mln for maiden fund

Berlin-based Fly Ventures, a software-focused early-stage venture firm, has raised $41 million for its inaugural fund. The fund's limited partners include European Investment Fund, Korelya Capital and several family offices from Europe and the U.S.

OrbiMed, BlueRun, Sofinnova lead late-decade venture portfolio at CalSTRS

Inventus to raise third venture capital fund

Inventus Capital Partners has set out to raise a third venture capital fund, according to a filing with the SEC.

Ottawa’s $400 mln VC blueprint eyes late-stage ventures, gender disparity

Ottawa has unveiled the details of its $400 million program to shore up venture capital supply in Canada, giving particular focus to backing late-stage tech and righting gender imbalances. The Venture Capital Catalyst Initiative, first announced in March's federal Budget 2017, was launched today by the Liberal government to channel $1.5 billion of new money into Canada’s innovation ecosystem. VCCI will do this by leveraging private commitments to VC funds, primarily through market intermediaries. Every $1 VCCI allocates through Business Development Bank of Canada must be matched by $2.25 from private sources, such as corporations, institutional investors and wealthy individuals. The matching formula, a unique feature of current Canadian public policy in the VC space, is based on one already tested in the market by VCCI’s predecessor.

Walden to raise $250 mln third China venture capital fund

Walden International has set out to raise a $250 million third venture capital fund targeting China, according to a filing with the SEC.

Hadean Ventures raises $118 million life sciences venture capital fund

Nordic-based Hadean Ventures said it raised a $118 million venture capital fund to invest in life sciences companies, according to a press release.

Office Hours for female VCs, founders expands to New York City