Fundraising

Spectrum 28 closes inaugural fund at $170 mln

Silicon Valley-based venture firm Spectrum 28 has raised $170 million for its debut fund. The limited partners of Spectrum Fund I include financial institutions, family offices and foundations from the U.S., Canada, Hong Kong and Singapore. The firm backs sectors such as genomics and digital health, real estate and construction and emerging tech.

Dundee and Lakewest join forces, raise $20 mln to focus on Midwest market

Dundee raises $20 mln, partners with Lakewest

Dundee Venture Capital, an Omaha, Nebraska, seed-stage firm that invests in Midwest startups, said it held an initial close of $20 million for its third fund and partnered with Lakewest Venture Partners in Chicago. Lakewest Co-Founder David Mann will join the Dundee team, which includes Founder Mark Hasebroock and Partners Beth Engel and Greg Beaufait.

Foundry Group raises $500 mln sixth fund

The Foundry Group has closed a $500 million sixth fund, according to a blog post.

Fika Ventures seeks $50 mln for inaugural fund

Eva Ho, formerly with Susa Ventures, and Tianxiang Zhuo from Karlin Ventures, have filed a pair of regulatory documents for newly launched Fika Ventures. The Los Angeles firm is seeking $50 million in commitments, according to the filings (here and here). The firm will focus on startups in Los Angeles and the San Francisco Bay Area.

Building a foundation for crossing the Traction Gap

Fundraising recap: Avalon holds initial close, Brooklyn Bridge secures $15.5 mln, and more

Wireframe Ventures to raise $75 mln first venture fund

Wireframe Ventures has set out to raise a $75 million maiden venture fund, according to a filing with the SEC.

iFly.vc targets $100 mln for debut fund

iFly Ventures is seeking to raise $100 million for its inaugural fund, according to an SEC filing. Han Shen and Haitao Zhang, both formerly with Formation 8, are currently at the helm of this Palo Alto, California-based venture firm.

All In: Re-imagining Our Role As An LP In Venture

Four years ago, when we launched our fund investing business, Sapphire Fund Investments, we set out to understand what makes a great LP and build our business based on that.