Fundraising

Pathbreaker Ventures collects $12.9 mln for debut fund

Pathbreaker Ventures has raised $12.9 million for its inaugural fund, according to an SEC filing. Based in San Francisco, the firm focuses on computer science and hardware startups.

Drive Capital raises $300 mln for second fund

Drive Capital raised $300 million for Drive Capital Fund II, hitting its cap, the firm said.

Fundraising recap: Summary of recent fund closings worldwide

A summary of fund news from seed-stage focused Susa in the US to updates in Australia

HPVP collects $65 mln for second venture fund

Chicago and Indianapolis-based Hyde Park Venture Partners has raised $65 million for its second venture fund. The target was $60 million. HPVP invests in Midwest software startups.

Rothrock abstains from UTIMCO vote on new VC fund Underscore

One of UTIMCO’s newest board members, Ray Rothrock, abstained from a recent vote on a venture capital investment to avoid a conflict of interest.

Ohio's Rev1 launches seed fund

Columbus, Ohio-based Rev1Ventures, an investor in the Great Lakes Region, announced the launch of a $22 million seed-stage pool called Rev1 Fund I. The Ohio Third Frontier Pre-Seed/Seed Plus Fund Capitalization Program provided an $8 million loan for the fund. The fund is also supported by Nationwide, Ohio State University, Cardinal Health and other Columbus companies and organizations. The fund will invest in tech startups, including software, hardware, life sciences, alternative energy and advanced materials.

Anthemis segues from adviser to fundraiser

As fintech evolves into its second iteration, one of the first advisers in the sector has consolidated some early moves into a dedicated fund

Applied analytics pioneer Georgian Partners raises $375 mln for third fund

The growth equity fund is twice the size of its predecessor

Applied analytics pioneer Georgian Partners focus on applied analytics

Georgian Partners has secured US$375 million ($485 million) for its third growth equity fund, winning limited partners over to an investment strategy that adds to the firm’s pioneering focus on applied analytics. The Toronto-based firm announced the close of Georgian Partners Growth Fund III this week. It finished with more than twice the committed capital of its predecessor, which raised $200 million in April 2015. Georgian’s Fund III is one of Canada’s largest private tech partnerships on record, according to Thomson Reuters.

True Ventures raises $310 mln fifth fund

True Ventures closed on a $310 million fifth fund, according to a blog post on the firm's site.