Fundraising

Intel Capital expands its Diversity Fund

Intel Capital announced during its Global Summit in San Diego that it will expand its Diversity Fund to also include U.S.-based entrepreneurs from the LGBTQ community, entrepreneurs living with disabilities and military veterans. The $125 million fund was launched in mid-2015 to focus on startups led by women and underrepresented minorities.

SJF Ventures raises $68.2 mln for fourth fund

Spark Capital raises management fee, forgoes offsets on new growth fund

VC fundraising recap: Former Kleiner Perkins Partner Michael Linse raises $22 mln more

Intel Capital aims to put more money into fewer deals, adds portfolio support

Questa Capital targets $250 mln for inaugural fund

Questa Capital Partners is seeking to raise $250 million for its debut fund, according to an SEC filing. Based in San Francisco, Questa will focus on companies in the healthcare services, digital health, medical device and biopharma sectors.

How 2016’s larger rounds are transforming Canada’s venture landscape

The big story in Canada’s venture market in 2016 is larger rounds. A growing number of well-funded deals, like September’s US$120 million financing of Thalmic Labs, are providing unheard-of resources to startups looking to compete in global markets. VC funds have invested $2.2 billion in Canada so far this year, according to preliminary Thomson Reuters data, much of which has gone to deals sized north of $20 million.

Venture investing, fundraising in Europe tumble in Q3

Kensington to manage $100 mln BC Tech Fund, invests in Mojio

Alternative assets investor Kensington Capital Partners has been appointed by the British Columbia government to manage its new $100 million BC Tech Fund. Toronto-based Kensington, which closed Kensington Venture Fund at $306 million in March, also announced the opening of a new office in Vancouver. It will be led by Dr. Gerri Sinclair, the firm's new managing director. BC Tech Fund will invest in local venture capital funds and companies based in IT, digital media, clean technology and life sciences sectors. It made a debut investment in Mojio Inc, a Vancouver connected car app platform. Mojio's other investors include 500 Startups, Amazon, BDC Capital and Relay Ventures.

Linse Capital collects $22 mln for second fund

Linse Capital has closed its second fund at $22 million, according to an SEC filing. The Menlo Park, California-based venture firm recently led a $50 million funding round for electric vehicle-charging network ChargePoint.