Fundraising

Venture firms eye ICOs for their own fundraising

Northwestern Mutual and Aurora Health Care to invest in Milwaukee startups

Northwestern Mutual's Cream City Venture Capital and Aurora Health Care's InvestMKE are each investing $5 million to back Milwaukee startups via a multiyear funding commitment. Cream City VC will provide early-stage funding for startups ranging from $100,000 to $250,000 while Aurora's InvestMKE, will co-invest, alongside Cream City VC and others, up to $1 million in early-stage healthcare companies.

Grove Ventures raises $110 mln maiden venture fund

Grove Ventures has raised $110 million for a maiden venture fund, according to an SEC filing.

Fourth-generation investor Jesse Draper’s new fund backs women

Xplorer Capital collects over $10.6 mln for third fund

Xplorer Capital has raised over $10.6 million for its third fund, according to an SEC filing. The target is $75 million. The venture firm invests in internet and digital media businesses in emerging markets.

The Big Push launches to help women-led startups raise VC

The Big Push, an all-female led business accelerator, has launched to support women founders raising venture capital funding. Led by Founder and CEO Sharon Zohar, The Big Push offers an equity-for-service model to prepare women-led startups in the Toronto-Waterloo corridor for early-stage investment. It will provide hands-on services, support, and resources to female founders through a network of female executives with a range of market experience. The accelerator's program, which spans four to six months, will enagage 10 startups per year, beginning with Artery, a platform that brings artists and audiences together.

ING launches fintech fund

ING, a Dutch financial institution, has raised 300 million euros for ING Ventures, a fintech-focused fund. Benoit Legrand, ING's global fintech head, has been named CEO of ING Ventures.

Allegis expands investment focus to growth deals, adds ex-FireEye CEO DeWalt as partner

China Everbright, VC firm Walden launch $500 mln semiconductor fund: Reuters

China Everbright Limited and venture capital firm Walden International are launching a $500 million fund to invest in the semiconductor and industrial information technology, amid Beijing’s ambition to be a global leader in the sector, Reuters reported.

500 Startups strengthens sexual harassment policies in the wake of McClure's departure