Private Equity
Greycroft has closed its oversubscribed second growth equity fund at a hard cap of $250 million. Greycroft Growth II will focus on making expansion rounds from the firm’s existing early stage venture funds as well as make new investments. As a result of this fund-closing, the venture firm currently manages more than $1 billion, according to Greycroft. Also, Greycroft has promoted Dylan Pearce to partner.
3 min read · 09 February 2017
Toronto innovation hub MaRS Discovery District has completed a $290 million private financing of its West Tower, which offers more than 1.5 million square feet to research labs, startups and other groups. The proceeds of the deal, which was led by Manulife, Sun Life Financial and iA Financial Group, will be used to repay most of the loans provided to MaRS by the Ontario government almost three years ahead of schedule. Ilse Treurnicht, CEO of MaRS, said the refinancing will allow West Tower to be become "entirely self-sustaining, putting MaRS on stable footing for decades to come." MaRS reports that ventures within its network raised $2.6 billion in capital between 2008 and 2015.
4 min read · 09 February 2017
1 min read · 09 February 2017
ManchesterStory Group, has raised $31 million for its initial venture fund, according to an SEC filing. The target is $125 million. Based in Des Moines, Iowa, ManchesterStory Group will focus on the financial tech, insurance tech and healthcare sectors.
1 min read · 08 February 2017
1 min read · 08 February 2017
Tel Aviv-based Firsttime Venture Capital has raised $40 million for its second fund. The target is $60 million. Firstime 2 fund will back internet and new media startups.
2 min read · 08 February 2017
1 min read · 08 February 2017
Trident Capital Cybersecurity said it raised an oversubscribed $300 million fund, likely the largest venture fund dedicated solely to security.
1 min read · 08 February 2017
Boost VC has raised over $29 million for its third fund, according to an SEC listing. The target is $55 million. San Mateo, California-based Boost VC is a startup accelerator focused on blockchain and virtual reality.
1 min read · 07 February 2017
Dublin and London-based Frontline Ventures, an early-stage venture firm, has closed its second fund at 60 million euros. The firm backs B2B software companies, making investments that are between 200,000 euros and 3 million euros. Frontline Fund II's limited partners include Ireland Strategic Investment Fund, Enterprise Ireland, European Investment Fund, Allied Irish Banks, various pension funds and family offices.
3 min read · 07 February 2017
