Fundraising

Waterline Ventures targets $15 mln for second fund

Waterline Ventures is seeking to raise $15 million for its second fund, according to an SEC filing. The Cambridge, Massachusetts-based venture firm focuses on early-stage healthcare tech companies and services. Among its investments are RubiconMD, Zipnosis, Common Sensing and Redbrick Health.

Rosecliff Venture Partners collects $3 mln for initial fund

Rosecliff Venture Partners has raised $3 million for its debut fund, according to an SEC filing. The target is $10 million.

Lyon Wong's Spectrum 28 closes debut VC fund at $170 mln

Silicon Valley venture capital firm Spectrum 28 has closed its first fund, Spectrum Fund I, at US$170 million. Co-founded by Partners Kent Ho and Lyon Wong, Spectrum plans to invest in finance, genomics-digital health, real estate-construction and other technology sectors. Wong, a graduate of the University of Waterloo's engineering program, recently helped launch a venture capital fund focused on student entrepreneurs. Spectrum said the partnership will allow it to contribute to growth in Canadian innovation hubs.

Rittenhouse Ventures raises $18 mln for second fund

Rittenhouse Ventures has closed its second fund at $18 million. The limited partners of Rittenhouse Fund II includes Ben Franklin Technology Partners and Innovate in PA. Philadelphia-based Rittenhouse Ventures focuses on Mid-Atlantic software companies.

PIllar adds Hodges as partner

Boston-based venture firm Pillar Companies, which is looking to raise a $100 million inaugural fund, has added Sarah Hodges as partner. Hodges had co-founded Intelligent.ly and is a former adviser with Flybridge Capital Partners. She also previously worked at Pluralsight, Smarterer and FitnessKeeper. She blogged about her joining Pillar on Medium.

London’s C5 Capital is ahead in the cloud

Elephant Partners closes initial fund at over $156 mln

Elephant Partners has raised over $156 million for its inaugural fund, according to an SEC filing. The Boston-based venture firm focuses on consumer internet, mobile and software.

Rev1 and Nationwide Children's unveil $5.5 mln fund

Rev1Ventures has partnered with Nationwide Children's Hospital to launch a $5.5 million life sciences fund. Rev1 NCH Fund I will focus on backing healthcare spinouts from The Research Institute at Nationwide Children's. The Ohio Third Frontier Pre-Seed/Seed Plus Fund Capitalization Program provided a $2.75 million loan for the fund.

Mindset Ventures and Microsoft to back 10 startups

Brazilian investment firm Mindset Ventures has teamed up with Microsoft to back 10 international startups. The initiative will target graduates of the Microsoft Accelerator program from Tel Aviv and Seattle. The partnership will invest between $100,000 and $150,00 in the selected startups that will be announced next month. Mindset will focus on startups that have "market potential in Brazil.

NVCA picks PitchBook to replace Thomson Reuters as data provider

The National Venture Capital Association has selected PitchBook as its data provider, replacing Thomson Reuters.