Private Equity
SoftTech VC has raised $100 million for its fifth seed stage venture fund and $50 million for its opportunity fund. SoftTech VC V will focus on backing about 40 startups over three years in sectors that include SaaS/b2b, connected devices and monetized consumer services while SoftTech VC Plus will target specific growth stage investments across previous SoftTech VC funds.
4 min read · 08 June 2016
SoftTech VC has raised $100 million for its fifth seed stage venture fund and $50 million for its opportunity fund. SoftTech VC V will focus on backing about 40 startups over three years in sectors that include SaaS/b2b, connected devices and monetized consumer services while SoftTech VC Plus will target specific growth stage investments across previous SoftTech VC funds.
4 min read · 08 June 2016
Ohio TechAngel Funds (OTAF), which invests in Ohio-based companies in IT, advanced materials and life sciences, announced it has raised $5.1 million for its fifth fund. Half of the funds came from accredited investors, while the State of Ohio matched the other half with a loan, said OTAF Managing Director Parker MacDonell. OTAF raised $7.3 million in a similar structure for its fourth fund, which it began putting to work in 2014. MacDonnell said that fund is about two-thirds invested.
1 min read · 08 June 2016
Ohio TechAngel Funds (OTAF), which invests in Ohio-based companies in IT, advanced materials and life sciences, announced it has raised $5.1 million for its fifth fund. Half of the funds came from accredited investors, while the State of Ohio matched the other half with a loan, said OTAF Managing Director Parker MacDonell. OTAF raised $7.3 million in a similar structure for its fourth fund, which it began putting to work in 2014. MacDonnell said that fund is about two-thirds invested.
1 min read · 08 June 2016
Salesforce Ventures has kicked off a $50 million Lightning Fund to back entrepreneurs building Lightning apps and components, according to a press release.
1 min read · 07 June 2016
Salesforce Ventures has kicked off a $50 million Lightning Fund to back entrepreneurs building Lightning apps and components, according to a press release.
1 min read · 07 June 2016
Initialized Capital is seeking to raise $100 million for its third venture fund, according to an SEC filing. Based in New York City, Initialized specializes in seed and early-stage venture investments.
1 min read · 07 June 2016
Longitude Capital has raised a $525 million third fund, according to a press release. The fund, Longitude Venture Partners III, exceeded its target of $450 million.
1 min read · 07 June 2016
Longitude Capital has raised a $525 million third fund, according to a press release. The fund, Longitude Venture Partners III, exceeded its target of $450 million.
1 min read · 07 June 2016
The Business Development Bank of Canada (BDC) has unveiled a new brand identity aimed at making its role and product offering better known to more entrepreneurs across Canada. Market research conducted in 2014 on the awareness of the bank suggested that entrepreneurs were not familiar with the firm and its services, BDC said. It plans to improve awareness with the new brand and a related advertising campaign. BDC Capital, the bank's investment arm, provides equity, quasi-equity, other types of financing and advisory services to small and medium-sized companies across Canada.
3 min read · 06 June 2016
