Fundraising

How VC and PE view Election 2016

Blueberry Ventures gathers $20 mln for debut fund

Blueberry Ventures has raised $20 million for its inaugural fund, according to an SEC filing. The target is $22 million. The San Francisco-based venture firm focuses on early-stage food and beverage companies.

SEP collects about $323 mln for fifth venture fund

Scottish Equity Partners has raised 260 million pounds (about $323 million) for its oversubscribed fifth venture fund. SEP V will focus on high-growth tech companies located mostly in the UK and Ireland although other European countries will be considered.

London's Felix Capital adds to its team

London-based Felix Capital, which launched last year, announced it has added three new members to its team. Carmen Alfonso Rico (formerly at Morgan Stanley) has joined as an associate, while Stephanie Phair (formerly The Outnet) and Chloe Macintosh (formerly Made.com) were named to the firm's group of advisers. Felix is investing from its $120 million fund it raised last year and was a backer of Olapic, which Monotype agreed to buy in July for about $130 million.

Versant Ventures targets $350 mln for sixth fund

Versant Ventures is seeking to raise $350 million for its sixth fund, according to an SEC filing. In 2015, the healthcare-focused investment firm closed its fifth fund at $305 million.

Third Rock raises $616 mln for fourth fund

Third Rock Ventures has raised $616 million for a fourth venture fund, according to a blog post.

Relay Ventures III raises $200 mln to push boundaries of mobile innovation

Relay Ventures raised $200 million (US$150 million) for its third venture fund, earmarked for investments in a new generation of mobile tech startups in Canada and the United States. The Toronto and Silicon Valley firm announced the close of Relay Ventures III today. Finishing at the same size as its 2012 predecessor, the fund brings Relay’s total capital under management to $670 million.

Relay Ventures III raises $150 mln to push boundaries of mobile innovation

Cultivation Capital targets $40 mln for second life sciences fund

St. Louis-based Cultivation Capital has raised $2.25 million for its second life sciences fund, according to an SEC filing. The target is $40 million.

Chicago Ventures raises $66 mln for second seed fund

Chicago Ventures has raised $66 million for a second seed fund. The firm said Chicago Ventures Fund II has already invested in 27 companies.