Fundraising

Turmoil comes to Social Capital with second high-level departure possible: Reports

Social Capital last week confidently sold shares of its Social Capital Hedosophia, now reports are accumulating of trouble at the firm, with its venture operations unsettled.

Alpine Meridian collects $9.5 mln for sophomore venture fund

Alpine Meridian Ventures has raised $9.5 million for its second fund, according to an SEC filing. The target is $25 million. Based in New York City, Alpine Meridian is an early-stage venture firm focused on the internet, digital media, financial services and e-commerce sectors.

Shasta develops camera-focused fund as computer-vision sector heats up

KDT Ventures gathers $3.54 mln for inaugural fund

KDT Ventures has raised $3.54 million for its debut fund, according to an SEC filing. The target is $30 million. The North Carolina-based early-stage venture firm focuses on the "intersection of technology and science."

Pre-seed fund with a different approach: early university startups

Flagship Pioneering to raise $500 mln for sixth fund

Flagship Pioneering has set a $500 million target for its sixth fund, according to an SEC filing. The Cambridge, Massachusetts-based venture firm invests in the biotech, healthcare and software sectors.

Opportunities NB unveils New Brunswick seed, Series A funds

Opportunities NB, a New Brunswick crown corporation, has launched two side-car funds to support early-stage companies located in the province. Opportunities NB will sponsor a seed fund that can invest up to $500,000 in a startup. A maximum of $2 million is available per year from the fund. Additionally, it will sponsor a Series A fund that can invest up to $1 million in a company emerging from the startup phase or about to generate revenue. A maximum of $5 million per year is available. The side-car funds will partner with approved investors, among them East Valley Ventures, an Atlantic Canada startup accelerator and angel group.

Costanoa Ventures wraps up third fund at $175 mln

Costanoa Ventures has closed its third fund at $175 million. The Palo Alto, California-based venture firm focuses on early-stage tech startups.

Thiel-affiliated Breakout Ventures raises $60.1 mln for a maiden fund

Breakout Ventures, a firm affiliated with Peter Thiel-founded Breakout Labs, has raised $60.1 million for a maiden venture fund, according to a filing with the SEC.

Samsung unveils $300 mln fund to focus on automotive tech

Samsung announced it has formed a $300 million Samsung Automotive Innovation Fund to focus on the automotive sector. The fund launch follows its $8 billion acquisition of audio and auto parts supplier Harman earlier this year. The Samsung fund will invest in such connected car segments as sensors, machine vision, artificial intelligence, high-performance computing, cloud services, mobile connectivity, automotive-grade safety and security. The first investment is TTTech, a Vienna, Austrian-based provider of networked safety controls for the automotive industry.