Fundraising

Temasek's venture arm Vertex to launch new Israel, U.S. funds in 2018: Reuters

Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, Reuters reported.

Mistral Venture Partners II raises most of $35 mln target, invests in Blue J Legal

The early months of 2017 have been eventful for Mistral Venture Partners. The seed investor held a first close for Fund II, made the fund’s debut investment, realized its first portfolio exit, and opened an office in Toronto. In January, Mistral wrapped up initial fundraising for Mistral Venture Partners II, earmarked for financing early-stage information-technology companies. The close accounted for $26 million of a $35 million target, Managing Director Code Cubitt told PE Hub Canada. He expects the fund to reach its goal later this year. Some 60 limited partners signed on to the initial close, most of them returning investors.

BlueCross BlueShield Venture Partners collects $10 mln for third fund

BlueCross BlueShield Venture Partners has raised $10 million for its third fund, according to an SEC listing. No target was listed on the document. The healthcare insurance company's venture fund backs startups in the health and wellness, healthcare and software sectors.

Samsung to set up $500 million fund to support small South Korean businesses: Reuters

Samsung Electronics said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in’s call to protect small businesses.

Temasek's venture arm Vertex to launch new Israel, U.S. funds in 2018, says CEO: Reuters

Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.

B Capital Fund holds second close of $181 mln

Facebook co-founder Eduardo Saverin’s B Capital Fund has held a second close of $181 million, according to a regulatory filing. B Capital Group has offices in Los Angeles, San Francisco and Singapore, and was founded by Rajarshi Ganguly and Saverin, who moved to Singapore in 2011. It invests in financial services, healthcare, and transportation industries worldwide, according to its website. The fund closed an initial $143.6 million a year ago. So far, 29 investors have committed to the fund, which does not list a target amount.

Engage Ventures raises $15 mln seed fund

Engage Ventures said it has raised a $15 million seed fund with the backing of a handful of strategic investors.

Dundee wraps up third fund with $30 mln

Omaha, Nebraska seed-stage investor Dundee Venture Capital, which last year partnered with Lakewest Venture Partners in Chicago, has raised $30 million for its third fund, according to a regulatory filing. The filing says the commitments came from 98 investors. Dundee last year opened a new office in the Minneapolis area as part of its ongoing regional growth plan to expand in the Midwest. It focuses on e-commerce, B2B SaaS and consumer-network focused startups.

Bridge Line Ventures targets $100 mln fund

Bridge Line Ventures has closed $653,456 of a targeted $100 million fund, according to a regulatory filing. The firm is based in Boca Raton, Florida, and is led by Leonard Sokolow, Robert Abrams and Robert Spitler.

Horsley Bridge to raise $1.3 bln venture fund of funds

Horsley Bridge Partners has set out to raise a $1.3 billion venture capital fund of funds, according to a filing with the SEC.