Fundraising

Silicon Valley Bank expands emerging-manager practice in NY

Data spotlight: Late-stage funds dominate Q3 fundraising

Grenville strikes partnerships to scale royalty financing model

Canadian royalty financing firm Grenville Strategic Royalty Corp has secured two new partners to support its growth plan. An affiliate of Gravitas Ilium Corp and Darwin Strategic Royalty Corp will co-invest alongside the firm on new investments. The partners will also have the right to use Grenville’s intellectual property and royalty-based investment strategy. Toronto-based Grenville, which as of June 30, 2016 reported a portfolio return of 21 percent since inception, said the initiative will add scale to its model and enable the firm to participate in a more opportunities.

Maywic seeks to raise $25 mln for second fund

Maywic Select Investments is targeting $25 million for its second fund, according to an SEC filing. The Cincinnati-based venture firm focuses on early-stage and growth consumer companies.

Augment Ventures targets $20 mln for second fund

Augment Ventures is seeking to raise $20 million for its second fund, according to an SEC filing. The Ann Arbor, Michigan-based venture firm backs early-stage tech companies.

Iterative Instinct targets $2 mln for debut fund

New York City-based venture fund Iterative Instinct has raised $1.4 million for its inaugural fund. The target is $2 million. The fund will focus on fintech, software services, blockchain-accessible hardware and cryptographic assets.

Dementia Discovery racks up $24 mln for inaugural fund

Dementia Discovery has raised over $24 million for its debut fund, according to an SEC filing. The target is $200 million. Based in Boston and London, Dementia Discovery is a fund that focuses on backing companies that develop dementia drugs.

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Dundee Venture Capital opens Minneapolis office

Omaha, Nebraska seed-stage investor Dundee Venture Capital, which recently held an initial close of $20 million for its third fund, announced the opening of a new office in the Minneapolis area. The location is part of its ongoing regional growth plan as it expands in the Midwest and raises Fund III targeted at $30 million.

Fundraising recap: Redpoint raises $180 mln for China fund, and more