Fundraising

State Auto in Ohio creates $25 mln corporate fund to invest in fintech, insurtech

State Auto Labs Corp, an arm of the State Automobile Mutual Insurance Company in Ohio, has launched a $25 million corporate venture fund to invest in fintech and insurtech companies.

Firebrand Ventures picks up $8.44 mln for fund

Kansas City, Missouri-based Firebrand Ventures has raised $8.44 million for its newest fund, according to an SEC filing. The target is $15 million.

Veteran Silicon Valley venture capital firm raises $1.5 billion fund: Reuters

Silicon Valley venture capital firm IVP on Tuesday announced the close of a $1.5 billion fund, the latest in a string of massive new venture funds that are appearing as global investors scramble for a piece of the tech boom.

Dynamk Capital collects capital for early-stage life sciences fund

Dynamk Capital has raised an undisclosed amount of capital in the first close of its early-stage venture fund focused on life sciences companies that provide tools, technologies and services. The fund is expected to close next year and will invest in eight to 10 companies.

IVP raises $1.5 bln for its largest ever fund; expects more AI, cryptocurrency deals

S2G Ventures collects $180 mln for second fund

Chicago-based S2G Ventures has raised $180 million for its second fund. Fund II will focus on the food and agriculture sector. Also, the firm has named Aaron Rudberg as managing director and chief operating officer.

Austin Ventures veterans start growth firm Elsewhere Partners

A pair of Austin Ventures veterans announced they have started Elsewhere Partners, a Texas-based growth-stage firm targeting business software companies outside the country's traditional venture-capital hubs.

MIT-founded The Engine announces investments, $200 mln fund

MIT-backed The Engine announced its first batch of seven investments and revealed that it has closed on $200 million for its first fund, 33 percent more than the $150 million it said it initially raised. MIT is one of its investors, committing $25 million to the Cambridge, Massachusetts-based organization, which incubates and supports startups. The Engine was founded last year and is led by CEO and Managing Partner Katie Rae. It aims to back 40 to 50 startups in the next few years form Fund I.

Fund performance: TLV, ARCH, True lead emerging portfolio of newly minted venture funds

Israel's Vintage Investment Partners discusses its approach for secondaries