Fundraising

Future\Perfect to raise $30 mln second fund

Future\Perfect Ventures has set out to raise a second fund at $30 million, according to an SEC filing.

ICONIQ Strategic Partners raises $40 mln for co-investment

Correction: An earlier version of this item contained the link to an SEC filing that misstated the amount for this co-investment, which is not a fund as previously reported. It has since been corrected with a link to an amended filing.

E.ventures targets $115 mln for second growth fund

E.ventures is seeking to raise $115 million for its second growth fund, according to an SEC filing. Based in San Francisco, the venture firm makes early-stage investments in the consumer internet, digital media and mobile sectors.

Nyca collects over $125 mln for new venture fund

Nyca Partners has closed its latest venture fund at over $125 million. Launched in 2014 by Hans Morris, a former president of Visa, Nyca invests in the fintech sectors.

Las Olas VC collects $10.05 mln for $50 mln-targeted initial fund

Las Olas VC has raised $10.05 million for its first fund, according to an SEC filing. The target is $50 million. Based in Fort Lauderdale, Florida, Las Olas VC backs tech startups.

New startup investments aim to stem Canadian tech brain drain: Reuters

Some of Canada's largest corporations and top executives launched two separate initiatives this week, investing millions of dollars into startup programs they hope will help stem a brain drain in fields like artificial intelligence and financial technology, Reuters reported. NextAI, which was unveiled on Wednesday, and Diagram, announced on Tuesday, both aim to halt the loss of the country's best technology talent by helping to launch new Canadian-based companies through seed funding and mentorship. "A lot of people are looking to come back, but it's hard to find the right backing and opportunity in Canada," said Diagram CEO and Founder, François Lafortune. "Canada must get this right.

Pangaea Ventures launches Fund IV, raises half of $80 mln target

Amiti collects $37.78 mln for second fund

Amiti Capital has raised $37.78 million for its second fund, according to an SEC filing. The target is $75 million. Based in Israel and Evanston, Illinois, Amiti invests in early-stage Israel tech companies.

Pangaea Ventures launches Fund IV, raises half of $105 mln target

Pangaea Ventures, a Canadian pioneer of advanced-materials investing, has launched its fourth VC fund with an initial commitment from heavyweight strategic backers. In a newsletter issued this week, the Vancouver cleantech investor said Pangaea Ventures Fund IV secured roughly half its $105 million (US$80 million) target. If it raises the whole amount, Fund IV will be the largest in the firm’s 16-year history. The fund's initial limited partners included major corporations based in North America, Europe and Asia.

Artificial intelligence program NextAI raises $5.15 mln in funding

NextAI, a NEXT Canada program intended to provide capital, mentorship and networking opportunities to Canadian artificial intelligence (AI) startups, has raised $5.15 million in funding. NextAI's corporate partners, Royal Bank of Canada, Magna International, BDC Capital and Scotiabank, made the investment. Founded last year, NextAI aims to bring global AI talent and entrepreneurs to Toronto, where they will work with corporate, academic and technology partners to create commercially-viable AI ventures. IBM Canada, Google and NVIDIA will back the program as technology sponsors.