Private Equity
Big data investor Data Collective has raised $177.45 million in commitments for its fourth fund, according to a regulatory filing. The fund is about 20 percent larger than its third fund, which raised $148.4 million and closed in 2014, according to Thomson Reuters. The fourth fund was initially targeted at $155 million, according to a regulatory filing from March.
1 min read · 27 May 2016
Big data investor Data Collective has raised $177.45 million in commitments for its fourth fund, according to a regulatory filing. The fund is about 20 percent larger than its third fund, which raised $148.4 million and closed in 2014, according to Thomson Reuters. The fourth fund was initially targeted at $155 million, according to a regulatory filing from March.
1 min read · 27 May 2016
Avrio Capital and Novacap are the 2016 recipients of the Canadian Venture Capital & Private Equity Association's (CVCA) “Deal of the Year” awards. Calgary-based Avrio won in the venture capital category for last year’s sale of Fresh Hemp Foods Ltd, a natural foods producer, to U.S. private equity firm The Compass Group. The deal, profiled last July by PE Hub Canada, gave Avrio almost 8.67 times its invested capital and an internal rate of return of 48.24 percent. Montréal-based Novacap won in the private equity category for last year’s public sale of Stingray Digital Group, a music provider and media platform. The sale, profiled last June by PE Hub Canada, gave Novacap about 7.9 times its invested capital and an internal rate of return of 33.8 percent.
4 min read · 26 May 2016
Canadian venture capital firm TandemLaunch has secured $12 million in the first close of its third fund, TandemLaunch Ventures II. BDC Capital was the lead investor in the fund, committing $4 million, with the balance accounted for by Guy Laliberté's Lune Rouge Innovation, Speed of Trust Ventures, YUL Ventures, Nathalie Marcoux and Jean-Francois Grenon. Founded in 2010 by General Partner Helge Seetzen, TandemLaunch creates, incubates and provides seed funding to companies in consumer electronics and multimedia technologies. Its portfolio investments include Landr Audio, Mirametrix, which PE Hub Canada profiled along with TandemLaunch in June 2014, and Sportlogiq.
3 min read · 24 May 2016
Newark Venture Partners has closed on $23 million toward a $50 million fund, according to a press release. The newly created Newark, N.J.-based firm, founded by Audible founder Don Katz, attracted limited partners including Audible, an Amazon company, Dun & Bradstreet and Prudential Financial, the release said.
1 min read · 24 May 2016
Newark Venture Partners has closed on $23 million toward a $50 million fund, according to a press release. The newly created Newark, N.J.-based firm, founded by Audible founder Don Katz, attracted limited partners including Audible, an Amazon company, Dun & Bradstreet and Prudential Financial, the release said.
1 min read · 24 May 2016
Santa Monica, California-based March Capital Partners announced it has closed its inaugural fund with $240 million in commitments to invest in early and late-stage companies worldwide. The firm, founded by founded by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, aims to back various tech sectors, with a focus on the infrastructure behind consumer and mobile services. March Capital Partners says it has already invested in excess of $100 million in more than 15 companies.
1 min read · 24 May 2016
From ffVC in New York to KfW in Germany, a summary of recent venture fundraising closes
8 min read · 23 May 2016
Kleiner Perkins Caufield & Byers is said to be raising close to $1.3 billion for two new funds, according to a report from CNBC.
1 min read · 23 May 2016
Kleiner Perkins Caufield & Byers is said to be raising close to $1.3 billion for two new funds, according to a report from CNBC.
1 min read · 23 May 2016
