Fundraising

venBio collects $288 mln toward second venture fund

Healthcare investment firm venBio Partners LLC raised $288 million from 22 LPs toward a $303 million venture fund, according to an SEC filing.

Québec government commits to AmorChem II, new cleantech seed fund

In its 2016-2017 budget, the Québec government announced commitments to two venture capital funds. It said it would commit $20 million to the second early-stage life sciences fund managed by Montréal-based venture capital firm GeneChem. The fund, AmorChem II, invests in R&D-stage initiatives to enable pre-clinical proof-of-concept in a semi-virtual mode. Additionally, the government said it would commit $30 million to a new clean technology seed-stage fund. These commitments are intended to help leverage additional capital from private sector investors.

MaRS Catalyst Fund to begin investing in social ventures

MaRS Catalyst Fund, which is managed by Toronto-based innovation hub MaRS Discovery District, has begun the process of investing in up to a dozen Canadian early-stage, for-profit companies founded to solve a social or environmental issue. It is currently looking to close two seed-stage investments for $250,000 each in the health and education markets. The fund, launched in late 2014 with the backing of Sir Richard Branson’s Virgin Unite Foundation and Mindset Foundation, has so far raised $3 million of a targeted $5 million.

Oversubscribed Teralys fund close brings VCAP fundraising to C$1.3 bln

Montréal-based Teralys raised its fund thanks to VCAP and 16 LPs, including European institutional investor Bpifrance

Oversubscribed Teralys fund close brings VCAP fundraising to $1.3 bln

Montréal-based Teralys Capital has closed its second venture fund of funds, Teralys Capital Innovation Fund (TCIF), at its hard-cap target of $375 million. It is the third and largest fund closed in partnership with Ottawa's Venture Capital Action Plan (VCAP). VCAP-backed funds have so far collected about $1.3 billion in committed capital, two-thirds of which was provided by a mix of corporate, institutional and other private sector investors.

Updata Partners collects $160 mln toward fifth fund

Washington, DC-based Updata Partners raised $160 million toward a targeted $275 million fifth fund, according to an SEC filing.

Union Square raises $166.8 mln toward a fourth fund

Union Square Ventures has raised a $166.8 million toward a fourth fund, according to a filing with the SEC.

SV Angels targets $46 mln for new fund

San Francisco-based angel investor SV Angel has filed to raise $46 million for its sixth fund, according to a regulatory filing The only partner listed on the filing is Topher Conway, son of Ron Conway, although the SV Angel website also lists Brian Pokorny and Kevin Carter as general partners.

ARCH to raise $400 mln ninth fund

ARCH Venture Partners has set out to raise a $400 million ninth fund, according to a filing with the SEC.

Skype co-founder’s Atomico targets $750 mln for fourth fund

Atomico, the venture firm started by Skype co-founder Niklas Zennström, has set out to raise $750 million for its fourth fund, according to a filling with the SEC. Based in London, Atomico backs technology companies. On Monday, it made a $25 million investment in LendInvest, an online marketplace for property finance in the UK.