Fundraising

Seyen Capital targets $30 mln for initial fund

Chicago-based venture firm Seyen Capital is seeking to raise $30 million for its inaugural fund, according to an SEC filing. George Spencer, a former partner and co-founder of both Adams Street Partners and JK&B Capital, is listed as a senior managing director of Seyen Capital on Crunchbase.

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River Cities Capital Funds targets $200 mln sixth fund

River Cities Capital Funds is targeting $200 million for its sixth fund, according to a filing with the SEC. The Cincinnati, Ohio-based firm is led by Daniel Fleming, J. Carter McNabb, Robert Heimann and Rurik Vandevenne, and invests in healthcare and information technology startups, according to its website. The fund has yet to secure any investor commitments.

Osage Venture Partners raises $90 mln for fourth fund

Osage Venture Partners has closed its fourth fund at $90 million. Osage Venture Partners IV will focus on early-stage B2B software companies based on the East Coast.

Sequoia China partner Samantha Du raising $150 mln for venture fund

Former Sequoia Capital China Managing Director Samantha Du is raising $150 million for a venture fund, according to a filing with the SEC.

Outpost Capital raises $5 mln of targeted $50 mln fund for AR/VR

Outpost Capital has raised $5 million for a targeted $50 million inaugural fund, according to a regulatory filing. The Mountain View, California, firm is led by Ryan Wang and Sha Zhou, and invests in virtual and augmented reality, artificial intelligence, and blockchain technologies with an emphasis on China. The $5 million comes from one investor.

Caleo Capital and Secha Capital launch fund to back South African SMEs

Caleo Capital and Secha Capital have formed Secha Capital VCC, an investment vehicle aimed at growing small to medium sized businesses in South Africa. No financial terms were disclosed.

Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital: Reuters

The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics, Reuters reported.

Montage Ventures seeks $37.5 million

Palo Alto, California-based Montage Ventures is seeking to raise $37.5 million for its second fund, according to a regulatory filing. The firm invests in financial services, e-commerce, marketplaces and healthcare startups. Montage is led by Managing Partner Todd Kimmel, a former partner with Mayfield and a onetime principal with Advanced Technology Ventures.