Fundraising

Information Venture Partners closes second fund at $106 mln

Toronto-based early-stage venture firm Information Venture Partners has raised $106 million for its second fund, beating its initial $100 million target. The limited partners of Information Venture Partners included Manulife Financial Corp. The firm invests in financial tech and enterprise software companies.

Biomatics Capital raises $200 mln for debut fund

Biomatics Capital Partners has closed its inaugural fund at $200 million, according to an SEC filing. Based in Seattle, the venture firm was established by Boris Nikolic, a former science adviser to Bill Gates.

SignalFire to raise second affiliates fund and affiliates breakout fund

SignalFire has set out to raise a second affiliates fund and a new breakout fund, according to filings with the SEC.

ARCH raises $408.4 mln for ninth fund

ARCH Venture Partners has raised $408.4 million toward a ninth venture capital fund, according to a filing with the SEC.

Manulife helps push Information VP II over the top in $106 mln close

Information Venture Partners wrapped up its second VC fund at $106 million with the help of a fourth strategic investor as well as increased commitments from existing limited partners. Information Venture Partners II, which invests in fintech and enterprise-software companies in Canada and the United States, closed late last month, General Partners Robert Antoniades and David Unsworth told PE Hub Canada. The fund edged past its $100 million target thanks mostly to a commitment from Manulife Financial, a Canadian insurer and financial-services firm.

RiverVest collects over $55 mln for newest fund

St. Louis, Missouri-based venture firm RiverVest Venture Partners has raised over $55 mln for its 3x5 RiverVest Fund II LP, according to an SEC filing. The target is $125 million.

Spain's outlier, Ysios, helped by steady stream of divestitures

Fondaction CSN partners in launch of $20 mln carbon contract fund

Québec private equity and venture captial firm Fondaction CSN and Coop Carbon have unveiled Fonds Carbone, a carbon contract fund. The $20 million fund will finance 15 to 25 projects to reduce greenhouse gases (GHGs) in exchange for generated offset credits. Coop Carbone was launched in 2014 to leverage carbon market opportunities to reduce GHGs in Québec. The organization's founding members are Fondaction CSN, Desjardins Group, La Coop fédérée, the Association québécoise pour la maîtrise de l’énergie, and the Centre of Excellence in Energy Efficiency.

Riverside Co defends carried interest as a tax code staple

Spark collects $1 bln for two funds