Fundraising

With donor-advised funds, venture firms reach philanthropically minded investors

Awaiting a banking solution, cannabis firms eye blockchain-payment tech

Jason Portnoy's new firm Oakhouse Partners files to raise $50 mln

San Francisco-based Oakhouse Partners has filed to raise $50 million in new commitments, according to a regulatory filing. The firm's sole GP listed on the document is Jason Portnoy, who previously was the founding partner of Subtraction Capital, which raised $20 million when it was founded in 2013.

Venture valuations are rising in France, but bigger exits needed

AT&T commits up to $200 mln for venture fund

AT&T and venture firm Coral Group have teamed up to launch a venture fund that will invest in startups that run on the open network automation platform. AT&T has committed to providing up to $200 million for the fund.

Felix Capital raises $150 mln for sophomore fund

London-based venture firm Felix Capital has closed its second fund at $150 million. The firm focuses on digital brands and related tech companies. In addition to the fund-closing, Felix has appointed Sasha Astafyeva as a principal and Jon Kamaluddin as an operating partner. Also, Grita Loebsack joins the advisory board and Antoine Nussenbaum has been promoted to partner, effective immediately.

Fonds de solidarité FTQ earns $1.1 bln, grows assets to $13.1 bln

Fonds de solidarité FTQ generated nearly $1.1 billion in profits in the fiscal year ending on May 31, marking the first time in its history the firm exceeded the $1 billion level. The Fonds also reported an annual shareholder return of 9.1 percent in this period, which contributed to an increase in net assets under management to $13.1 billion. The Fonds, which provides development capital to mostly private companies located in Québec, also reported investing $873 million in the past year. The Montréal-based investor is led by President and CEO Gaétan Morin.

Ibtikar pulls in $10.45 mln to back Palestinian startups

Ibtikar Fund, a Palestine-based early-stage venture fund, has raised an additional $2.5 million for a total tally of $10.45 million, according to an announcement on the fundraising. The fund's limited partners include the International Finance Corp, the Dutch Good Growth Fund and Reach Holding. Ibtikar focuses on Palestinian startups.

7wire raises $49.5 mln toward venture fund

7wire Ventures has raised $49.5 million toward a venture fund of $100 million or more, according to a filing with the SEC.

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