Fundraising

Active Capital garners over $13 mln for inaugural fund

Active Capital has raised over $13 million for its debut fund, according to an SEC filing. The target is $20 million. Active Capital is a venture firm focused on making seed investments in B2B SaaS companies.

Fitz Gate Ventures collects $10 mln for maiden fund

Fitz Gate Ventures has raised $10 million for its debut fund. The Princeton, New Jersey-based venture firm mostly backs startups founded, managed or owned by Princeton University alumni, faculty or students. So far it has made undisclosed investments in five early-stage companies.

Kairos Ventures targets $150 mln for second fund

Kairos Ventures has raised $85.15 million for its second fund, according to an SEC filing. The target is $150 million. According to Crunchbase, the Beverly Hills, California firm "invests in ideas, patents, and businesses from the top universities and scientists."

Island Capital Partners launched to invest in PEI startups: report

Island Capital Partners, an early-stage venture capital fund, has been launched to invest in entrepreneurs and startups in Prince Edward Island, according to a report by Entrevestor. The fund has been capitalized with $4 million, half of which was committed by the provincial government and roughly the same amount by about 20 locally-based angel investors. Island Capital has already closed its debut deal, Entrevestor said. It invested in Forestry.io, a website content manager that raised $754,000 in seed funding in April. Based in Charlottetown, Island Capital is led by a team of four investment managers: Alex MacBeath, Ron Keefe, Paul Lypaczewski and Steve Nicolle.

645 Ventures seeks $30 mln for sophomore fund

New York-based early-stage investor 645 Ventures has filed to raise $30 million for its second fund, according to a regulatory document. The firm, which is a backer of Goldbely, Poshly and Voodoo Manufacturing, among others, raised its initial fund in 2014 although the amount was undisclosed. 645 Ventures II is led by co-founders and General Partners Aaron Holiday and Nnamdi Okike.

K9 Ventures closes third fund at $42 mln

K9 Ventures has raised $42 million for its third fund, according to an SEC filing. The Palo Alto, California-based venture firm focuses on early-stage tech companies.

Andrew Ng's AI Fund to raise $150 mln venture fund

Andrew Ng's AI Fund has set out to raise a $150 million venture fund, according to a filing with the SEC.

Fund performance: Battery, Union Square, TCV lead late-decade portfolio at Washington State

Round13 Capital closes C$95 mln for fund

Toronto venture firm Round13 Capital has raised C$95 million for its fund that will back growth-stage companies. The fund's limited partners include high-net-worth investors, family offices, pension fund LiUNA and National Bank.

Round13 Capital raises $95 mln for growth-stage venture fund

Canadian venture capital firm Round13 Capital has closed a $95-million fund earmarked for investments in growth-stage companies. Commitments were provided by high-net-worth investors and family offices, as well as Labourers’ Pension Fund of Central and Eastern Canada and National Bank. Led by Bruce Croxon, co-founder of Lavalife, and John Eckert, co-founder of McLean Watson Capital, Round13 invests up to $5 million in Canadian technology companies looking to scale. Its new fund has already backed three Toronto startups: wireless retail service Statflo, cloud accounting platform Hubdoc, and point-of-sale restaurant app TouchBistro.