Fundraising

Scrum Ventures raises $19 mln of targeted $75 mln fund

Scrum Ventures has raised $19 million of a targeted $75 million third fund, according to a regulatory filing. The San Francisco-based firm is led by Tak Mitaya and makes early-stage investments in commerce, healthcare, Saas and IoT, according to its website. The filing lists four investors.

RiverVest to raise $150 mln fourth venture fund

RiverVest Venture Partners has set out to raise a $150 million fourth venture fund, according to a filing with the SEC.

Andreessen Horowitz unveils $450 mln second bio fund

Fonds de solidarité FTQ creates Solunov to fund innovation ideas

The Fonds de solidarité FTQ has launched Solunov, a program to help identify, support and fund innovation by Québec businesses. Partnering with organizations like Inno Centre and Réseau TransTech, the Fonds will through Solunov assume up to 75 percent of the cost of innovation feasibility studies, up to a maximum of $250,000. It will also offer $1 million and up in unsecured, custom financing for emerging innovation projects. Based in Montréal, the $13.1-billion Fonds provides development capital to Québec companies.

Summit, TCV, Frazier, Pond top maturing venture portfolio at CalSTRS

Year in Review: Sexual harassment allegations shake venture industry

Monthly Dashboard: Fundraising picks up as exits fall back in November

Gigafund to raise venture capital fund

Gigafund 0.1 has officially kicked off its fundraising efforts, according to a filing with the SEC.

Cycle Capital, Qingdao hold first close of industrial tech fund

Cycle Capital Management and Qingdao City Construction Investment Group have held the first close the Qingdao Chengtou Haisi Cycle Equity Investment Fund. The RMB 600 million ($116 million) fund, launched in 2014, will invest in growth-stage industrial technology companies located in China, Canada and elsewhere in North America. It has already made its debut investment, deploying RMB 50 million to Haier-Ririshun Lejia, an affiliate of Qingdao-based consumer electronics and home appliances company Haier. Cycle is a Montréal-based clean technology venture capital firm.

Alpha Venture Partners gathers over $28.3 mln for second fund

Alpha Venture Partners has raised over $28.3 million for its second fund, according to an SEC filing. No target was listed on the document. The New York City-based venture firm focuses on the software and information technology sectors.