Fundraising

Xsolla creates $30 mln Xsolla Capital fund for game developers

Xsolla Inc. launched a $30 million Xsolla Capital royalty investment fund to provide backing for independent video game developers, according to a press release.

Y Soft Ventures founder is Czech’s mate

Project A raises 140 mln euros for second fund

Berlin-based Project A, an early-stage investment firm, has closed its second fund at 140 million euros. The investors of the fund included Otto Group, Axel Springer SE, the European Investment Fund. ProSiebenSat.1, Jahr, Haniel, Ravensburger and Oetker. Also, Project A is about to close another fund at 40 million euros focused on follow-on investments in its portfolio companies.

TrueBridge raises $125 mln for inaugural direct fund

TrueBridge Capital Partners has closed its first direct fund at $125 million, beating its $100 million target. TrueBridge Direct Fund LP will focus on mid- to late-stage tech companies mostly in the United States, with a particular emphasis on Silicon Valley.

Relay Investments rakes in $14.3 mln for $50 mln-targeted fund

Boston-based Relay Investments has raised $14.3 million for its second fund, according to an SEC filing. The target is $50 million.

Kolluri's NeoTribe to raise $90 mln maiden venture fund

NeoTribe Ventures has set out to raise a $90 million maiden venture fund, according to a filing with the SEC.

RRE to raise two funds, including $250 mln seventh core fund

RRE Ventures has set out to raise two new funds, including a seventh core fund, according to filings with the SEC.

CRCD, partner funds deploy $160 mln to 109 companies in 2016

Capital régional et coopératif Desjardins (CRCD), a retail private equity and venture capital fund, generated net income of $86 million in 2016 for an annual return of 5.3 percent. Partly as a result, net assets rose to nearly $1.8 billion at the end of December. The fund reported it and partner funds committed $160 million to 109 companies last year, bringing total investments to date to $2 billion. CRCD is managed by Desjardins Business Capital régional et coopératif, the investment arm of Mouvement des caisses Desjardins, a Canadian cooperative financial group.

BioInnovation Capital bags $65.6 mln for maiden fund

BioInnovation Capital has raised $65.6 million for its initial fund, according to an SEC filing. The target was not specified. BioInnovation invests in life science companies.

Poland's mBank bets 50 mln euros on home-grown tech start-ups: Reuters

Poland's leading internet bank mBank is setting up a 50-million-euro ($53 million) fund to buy and develop home-grown technology start-ups rather than letting them go abroad, Reuters reported.