Fundraising

U.K.'s Atomico is scaling up

Arrowroot targets $175 mln for third fund

Arrowroot Capital is seeking to raise $175 million for its third fund, according to an SEC filing. In 2015, the growth equity firm raised $50 million for its previous fund, reported Crunchbase.

Austin’s VCs are roping in the funds and targeting Texas tech

LA-based Science seeks $60 mln

Science Inc targets $60 mln for second venture fund

Science Inc is seeking to raise $60 million for its second venture fund, according to an SEC filing. Based in Santa Monica, California, Science Inc invests in digital tech-based companies.

Medical Technology Venture Partners collects $20.1 mln for inaugural fund

Medical Technology Venture Partners has raised $20.1 million for its debut fund, according to an SEC filing. The target is $50 million.

Phoenix Venture Partners wraps up second venture fund

Phoenix Venture Partners LLC has closed its second flagship venture fund at an undisclosed sum. PVP II LP's limited partners include Pfizer Inc., 3M, Corning Incorporated, Eastman Chemical Company, Solvay Group S.A., Showa Denko K. K. and W. L. Gore & Associates. The fund will focus on advanced materials startups.

Venrex to raise venture fund

London-based Venrex Investment Management is raising Venrex VIII, according to a filing with the SEC.

Asian venture fundraising market setting strong pace

SAP rolls out seed fund to back early-stage software startups

Enterprise software company SAP has launched a seed fund that will invest in early-stage software startups. SAP has seeded SAP.iO Fund with an initial investment of $35 million. San Jose, California-based Parable Sciences Inc, a big data analytics company, is the first startup to secure funding from SAP.IO Fund. No financial terms were disclosed. Also, SAP.iO has launched a foundry program that will incubate early-stage startups that build software applications.