Fundraising

Danhua Capital closes second fund at $250 mln

Danhua Capital has raised $250 million for its second venture fund, according to an SEC filing. As previously reported, its initial target was $200 million.

Earlybird targets 100-120 mln euros for health tech fund

Earlybird Venture Capital has raised an undisclosed amount of funding for its Germany-based health tech fund. Earlybird Health Tech Fund's backers include NRW.BANK, the Generali Insurance Group, Miele and Germany's Federal Ministry for Economic Affairs and Energy. The fund's target is 100 million to 120 million euros.

C5 Capital names former Intel Capital investor Battisti as partner

London-based C5 Capital said it named former Intel Capital Managing Director Marcos Battisti as a partner and head of its new $150 million C5 Cloud Partners fund.

Westly Group to raise $150 mln third fund

The Westly Group has set out to raise a $150 million third fund, according to a filing with the SEC.

Funds in registration: For smaller funds seeking capital, LPs waiting to see what the fall might bring

VCJ found 77 funds ranging from seed-stage to growth and opportunity vehicles that are aiming to raise more than $8.7 billion in total commitments

BDC Capital increased VC investments to $253 mln in fiscal 2016

BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), authorized $253.1 million in venture capital investments in fiscal 2016. That's up 36 percent from the $185.4 million authorized the year before. BDC Capital also reported $259.1 million in growth and transition financing going to clients in fiscal 2016, which is up 12 percent. The group contributed to the bank's overall financial results with $121.1 million in net income, which is also higher year over year. BDC Capital's Jérôme Nycz recently wrote a feature article for PE Hub Canada about increasing risk capital for high-growth Canadian technology companies.

Sofinnova collects $595.5 mln for tenth fund

Sofinnova Ventures has raised $595.5 million for its tenth fund, according to an SEC filing. The target is $650 million. The biopharmaceutical venture firm closed its ninth fund at a hard cap of $500 million in July 2014.

Twitter reaction to Kobe Bryant's launch of a $100 mln VC fund

Beanstalk Ventures collects over $7 mln for second fund

Beanstalk Ventures has raised over $7 million for its second fund, according to an SEC filing. Based in New York City, Beanstalk Ventures is focused on early-stage retail technology.

How to bridge the Traction Gap

In order to successfully secure follow on rounds of funding, startups must understand how to traverse the Traction Gap and what it takes to get from an initial product release to minimum viable traction.