Fundraising

UnitedHealthGroup's Optum launches $250 mln venture fund

UnitedHealthGroup's health services business Optum has launched Optum Ventures, a $250 million venture fund. Optum Ventures will focus on digital health companies.

NFX raises $150 mln early stage fund

NFX has raised a $150 million early stage fund, according to a blog post and a filing with the SEC.

Genesis Innovation Group launches $10 mln venture fund

Holland, Michigan-based Genesis Innovation Group, a developer of medical device technologies, has launched a $10 million venture fund. Cultivate(MD) Capital Fund I will focus on backing early-stage healthcare companies, with a special emphasis on medical device and orthopedic technologies.

Root Ventures targets $75 mln for sophomore fund

Root Ventures is seeking to raise $75 million for its second fund, according to an SEC filing. The San Francisco-based venture firm invests in hardware, development tools, and data science.

Govtech Fund raises $20.75 mln toward $25 mln target

Govtech Fund has raised $20.75 million toward a targeted $25 million second fund, according to a regulatory filing. The San Francisco-based firm invests in startups in the global government software and IT market, according to its website, and is led by Ron Bouganim. Thus far, 29 investors have committed to the fund.

NeoTribe Ventures collects $113.5 mln for inaugural fund

Silicon Valley-based NeoTribe Ventures, an early-stage venture firm, has raised $113.5 million for its debut fund, according to an SEC filing. The target is $130 million.

Balderton Capital rakes in $375 mln for new fund

London-based venture firm Balderton Capital has raised $375 million for its latest fund that will focus on European tech businesses. Fried Frank advised Balderton on the fund.

Impact’s Jack Crawford on Dixon Doll’s role and its corporate VC strategy

BIC, VCs to co-invest in bioeconomy, cleantech startups

Startup accelerator Bioindustrial Innovation Canada (BIC) has agreed to partner with five venture capital firms to capitalize emerging companies in Canada's bioeconomy and clean technology sectors. ArcTern Ventures, Cycle Capital Management, Fraser Mackenzie Merchant Capital and Greensky Capital of Canada and France's Sofinnova Partners will work with BIC to explore opportunities to co-invest in BIC portfolio companies. Sarnia, Ontario-based BIC supports early-stage companies focused on converting renewable resources into value-added bioenergy, biofuel, biochemicals and biomaterials.

Techstars Ventures to raise $400 mln venture capital fund

Techstars Ventures is raising a $400 million venture capital fund, according to a filing with the SEC.