Fundraising

Zetta eyes $100 mln for sophomore fund

San Francisco-based Zetta Venture Partners is seeking to raise $100 million for its second fund, according to a regulatory document. Zetta, founded in 2013 by Managing Directors Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, raised $60 million for its inaugural fund. The firm focuses on early-stage analytic software companies.

House Fund raises $6 mln to invest in Berkeley-focused startups

Former Berkeley student Jeremy Fiance raised the inaugural fund from a number of LPs who are graduates of the university

Capital Partnership buys Northgate

The Capital Partnership, a private investment office and asset manager with offices in Dubai and London, announced that it has agreed to acquire Northgate Capital from Religare and certain members of Northgate’s management team for an undisclosed price. Religare, an India-based diversified financial services group, acquired a majority stake in Northgate in 2010. Founded in 2000, Northgate is based in Danville, California, and has additional offices in the United Kingdom and Mexico. It invests in venture capital and private equity funds and also makes direct VC investments.

LP diligence on the rise with venture fundraising in high gear

VCs acting while the iron is hot and raising funds at record pace, but LPs remain cautious for first-time managers

GREE raises $12 mln fund to back virtual-reality startups

GREE, which operates a social network that users interact with through games on their phones, announced the launch of a $12 million fund to support virtual reality startups. Besdies GREE, limited partners in the fund include Colopl VR Fund and mixi. The fund, called GVR Fund, is managed by San Francisco-based GREE VR Capital LLC. It has already invested in two VR-related companies: VRChat Inc and SPACES Inc. GVR Fund is interested in gaming and non-gaming software and content companies.

Foundry Group to raise $500 mln for its Next initiative

Foundry Group has set out to raise $500 million for its Foundry Group Next initiative, according to a filing with the SEC.

Spark to raise $500 mln second growth fund

Spark Capital has set out to raise a $500 million second growth fund, according to a filing with the SEC.

Fuel Capital tops off with second fund at nearly $46.2 mln

San Francisco-based Fuel Capital, an investor in Clearbit, Interana, Julep and Secret. among others, has raised $46.195 million for its second fund, according to a regulatory filing. The firm raised $25.5 million for its inaugural fund in 2013, according to Thomson Reuters.

GGV Capital raises nearly $1.2 bln as venture fundraising streak continues: Reuters

GGV Capital, which invests in the United States and China, has raised $1.15 in capital for two new funds

Knight Therapeutics commits to Forbion's third life sciences fund

European life sciences venture capital firm Forbion Capital Partners has closed its third fund, Forbion Capital Fund III (FCF III), at 183 million euros (US$208 million). Among the fund's limited partners was strategic investor Knight Therapeutics Inc (TSX: GUD), a Canadian specialty pharmaceutical company. Early last year, Forbion led the $13.5 million Series B financing of enGene Inc, a Montréal-based developer of novel DNA-based therapeutics.