Fundraising

Venture distributions jump in last year’s third quarter

Pangaea raises $56 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has raised about $56 million (US$41.72 million) for its fourth fund, PE Hub reported, citing a U.S. Securities and Exchange Commission filing. The report confirms one made by PE Hub Canada in January. Drawing on a Pangaea newsletter issued at the time, PE Hub Canada reported Pangaea Ventures Fund IV secured roughly half its $105 million (US$80 million) target in an initial close. The fund’s limited partners included major corporations based in North America, Europe and Asia.

Pangaea Ventures collects $41.72 mln for fourth fund

Vancouver, British Columbia and Hillsborough, New Jersey-based Pangaea Ventures has raised $41.72 million for its fourth fund, according to an SEC filing. No target was specified in the document.

Rosecliff Venture Partners seeks to raise $50 mln for sophomore fund

Rosecliff Venture Partners has raised $1.35 million for its second fund, according to an SEC filing. The target is $50 million.

Resolute Ventures collects $65 mln for fund

Resolute Ventures has raised $65 million for its third pre-seed and early seed fund, according to a blog post on its site. Resolute III's investors include Foundry Next, The Hillman Company, Medley Partners, Morgan Stanley, Top Tier Capital and Vintage Investment Partners.

83North wraps up oversubscribed fourth fund at $250 mln

83North, which invests in Israel and Europe, announced that it has closed an oversubscribed fourth fund at $250 million. The fund is 25 percent larger than Fund III, which closed in 2015.

Investments, fundraising rise modestly in first quarter

DCVC and SynBioBeta roll out pre-seed and seed fund

Data Collective has teamed up with Dr. John Cumbers, founder of SynBioBeta, to launch a pre-seed and seed venture fund that will back synthetic biology startups. No financial terms were disclosed.

OMERS Ventures among partners in Infiniti Lab's Toronto launch

Infiniti Lab, the technology accelerator program of Asian car manufacturer Infiniti Motor Co Ltd, announced its launch in Toronto. The program, which will be produced locally in partnership with Multiplicity, will support pre-seed Toronto startups operating in the Internet of Things and smart city innovation sectors. With the program's formal launch in May, a select number of startups will work with corporate and industry partners, including OMERS Ventures, Telus Ventures and Techstars. The Toronto-based expansion is Infiniti Lab's first international launch.

Venture Investment Associates raises $78.7 mln for seed fund

Venture Investment Associates has raised $78.7 million for a seed fund, according to a filing with the SEC.