Fundraising

GSV collects over $6.5 mln for $250 mln-targeted fund

GSV Ventures has raised over $6.5 million for its fifth fund, according to an SEC filing. The target is $250 million.

CoVenture seeks to raise $20 mln for fourth fund

CoVenture, which focuses on early-stage startups and builds software in exchange for equity, has raised $8 million for its fourth fund, according to an SEC filing. The target is $20 million.

Understanding the Traction Gap

A Series B crunch may be upon us, and companies not focused on fundamentals are likely to have a difficult time raising subsequent rounds.

Bank of Canada backs small business fund by lenders: Reuters

The Bank of Canada wants the country's banks to start a fund that would invest in small- and medium-sized businesses in Canada to help foster better global expansion for domestic companies, Reuters reported, citing a story by the Globe and Mail. The plan would see banks and potentially pension funds and insurers put money into a private sector fund of at least $1 billion that would make debt and equity investments of $2 million to $20 million in Canadian companies.

BioVentures Investors targets $100 mln for fourth fund

BioVentures Investors has raised $29.3 million for its fourth fund, according to an SEC filing. The target is $100 million.

Startup Canada and Evolocity launch women founders fund

Startup Canada has partnered with Evolocity Financial Group to launch the Startup Canada Women Founders Fund. The fund, the size of which was not disclosed, will provide micro-grants to women entrepreneurs and women-led companies across Canada. Applications for grants are open until August 31st. Recipients will also have access to Startup Canada's network, where they can obtain exposure, skills training, mentoring and support. Based in Montréal, Evolocity is a provider of small business financing.

Keiretsu Capital collects over $4.1 mln for second co-investment fund

Keiretsu Capital has raised over $4.1 million for its second co-investment fund, according to an SEC filing. Last year the firm closed $6.05 million for its initial co-investment fund.

Binary Capital wraps up latest fund at $175 mln

Binary Capital has closed its latest fund at $175 million, reported TechCrunch. The San Francisco-based consumer tech-focused venture firm raised $125 million for its debut fund in 2014.

Techstars Austin 2016 targets over $3 mln for fund

Techstars Austin 2016 has raised $1.71 million for its fund, according to an SEC filing. The target is $3.22 million.

Powerplant Ventures closes fund at $42 mln

Powerplant Ventures has raised $42 million for a fund that will focus on emerging plant-centric companies. Among Powerplant Ventures' current portfolio companies are Hail Merry, REBBL, Thrive Market, Terravia, Hampton Creek and Juicero.