Fundraising

Brooklyn Bridge raises $15.5 mln for second fund

Brooklyn Bridge Ventures has hit its $15.5 million target for a second fund, according to an SEC filing.

Sapphire Ventures raises $1 bln for two new funds

Sapphire Ventures raises $1 bln for two new funds

Sapphire Ventures has raised a $1 billion for two new funds, including $xx million for a direct fund and $xx for supporting third-party, early-stage managers.

Benhamou Global Ventures has first close on $75 mln third fund

Benhamou Global Ventures said it completed a first close on a third fund, gathering more than half of the fund’s targeted $75 million.

Avalon Ventures collects over $116 mln for 11th fund

Avalon Ventures has raised over $116 million for its 11th fund, according to an SEC filing. The target is $300 million. Based in La Jolla, California and Cambridge, Massachusetts, Avalon focuses mostly on early-stage life science and tech companies.

Rothenberg Ventures renames itself Frontier Tech amid turmoil

Rothenberg Ventures, which has seen staff departures as the firm is reportedly unable to secure additional funds for operation, has renamed itself Frontier Tech Ventures. A Backchannel post on Medium reports the San Francisco firm, which has $50 million under management, changed its name on Sept. 12. The Backchannel post says the Securities and Exchange Commission is reportedly investigating the firm, as former employees allege improper accounting practices.

Lavrock targets $50 mln for inaugural fund

Lavrock Ventures is seeking to raise $50 million for its debut fund, according to an SEC filing. Based in McLean, Virginia, Lavrock is an early-stage venture firm focused on cybersecurity and enterprise software.

Fundraising recap: First Round raises sixth fund, 500 Startups updates two of its vehicles

Canada's Information Venture Partners nears target with help from RBC, Power Financial

K1 pulls in $74.5 mln for $120 mln-targeted fund

K1 has raised $74.5 million for its special opportunities fund, according to an SEC filing. The target is $120 million.