Fundraising

Berlin’s Target Global is sticking with companies for longer

SoftTech pours out new brand: Uncork Capital

Blockchain investor NextBlock drops plans to go public

NextBlock Global, a Toronto-based digital asset investment firm, has decided against doing a go-public transaction. The firm, which raised $20 million in July and was looking to raise as much as $100 million from the go-public transaction, said it "stumbled" in its efforts. Last week, Forbes reported that NextBlock had sent false marketing materials to potential investors. Founded this year by CEO Alex Tapscott, NextBlock is focused on investing in blockchain and cryptocurrency technology opportunities. It said it is "excited as ever" about market opportunities and will "work hard to rebuild the trust of those we have disappointed."

Indicator Ventures to raise $60 mln second venture fund

Indicator Ventures has set out to raise a $60 million second venture fund, according to a filing with the SEC.

Cayuga collects $29.9 mln for fifth venture fund

Cayuga has raised $29.9 million for its fifth venture fund, according to an SEC filing. No target was listed on the document. Based in Ithaca, New York, Cayuga invests in New York startups.

VC-backed Kobalt racks up $600 mln for second music royalties fund

Kobalt, a music services company, has raised $600 million for its second music royalties fund. The fund's investors include UK pension fund RPMI Railpen. Kobalt's backers include Section 32, Bill Maris' new venture fund.

Republican tax plan preserves carried interest tax treatment

Aisling Capital raises $280 mln for fund

Aisling Capital, a late-stage life sciences investment firm, has closed its latest fund at $280 million. The fund will focus on "helping clinical stage ventures improve global health."

Further to go: women, technology and VC in Canada

Vertical Venture Partners seeks $80 mln for enterprise tech

Menlo Park, California-based Vertical Venture Partners is seeking to raise $80 million for its second fund, according to a regulatory filing. The firm, which focuses on enterprise companies that target vertical markets, raised $51.3 million for its first fund. The firm was founded by Managing Partner David Schwab, who previously was with Sierra Ventures.