Fundraising

Data Collective pulls in $212 mln for fourth fund

Data Collective has raised $212 million for its fourth fund, according to an SEC filing. Its previous fund closed at almost $140 million. The venture firm, based in Palo Alto and San Francisco, California, invests in big data companies.

Energy Transformation Investors closes first fund at $4 mln

California-based Energy Transformation Investors has hit its inaugural fund's $4 million target, according to an SEC filing. Alan Boyce is listed as an executive officer in the document.

Embark Ventures targets $50 mln for initial fund

Los Angeles-based Embark Ventures is seeking to raise $50 million for its debut fund, according to an SEC filing. Peter Lee and Yipeng Zhao are both listed in the document as managing members of the general partner.

Core Innovation Capital picks up over $71 mln for sophomore fund

Core Innovation Capital has raised over $71 million for its second fund, according to an SEC filing. The target is $75 million. The Los Angeles-based venture firm focuses on companies that provide financial products.

Health Catalyst Capital collects over $27 mln for $100 mln-targeted maiden fund

Health Catalyst Capital has raised over $27 million for its debut fund, according to an SEC filing. The target is $100 million. Based in New York City, Health Catalyst invests in healthcare IT businesses.

L'Oreal steps up investments in digital start-ups: Reuters

French cosmetics giant L'Oreal (OREP.PA) said on Tuesday it was investing in an early stage fund managed by private equity firm Partech Ventures, making its second investment in digital and technology start-ups in less than a year.

Year in Review: Canadian fundraising hits 14-year high

Canada's venture funds collect $2.2 bln in 2016, as fundraising hits 14-year high

Canada’s venture industry in 2016 had its best fundraising year since the dot-com era, thanks to greatly improved supply-side conditions. Some 25 funds banked more than $2.2 billion in committed capital this year, according to preliminary data from Thomson Reuters and supplementary data compiled by PE Hub Canada. That’s up 86 percent from $1.2 billion raised in 2015. In fact, the data suggest fundraising levels in 2016 are the highest in Canada since 2002, when $2.5 billion was secured.

Year in Review: European fundraising spikes in 2016, led by UK firms

500 Startups and General Motors to work together

500 Startups said that General Motors has struck an arrangement to work with companies at its accelerator and perhaps invest as they mature out of the program.