Fundraising

Montreux Equity Partners collects $74.4 mln for fifth fund

Montreux Equity Partners has raised $74.4 million for its fifth fund, according to a Form D SEC filing. The venture firm closed its previous fund at $250 million in early 2008.

Wellington Financial’s McQueen spots opportunity in an uncertain market

Mark McQueen, president and CEO of Wellington Financial, sees opportunity for private debt providers as a result of volatile public markets, especially if continued uncertainty creates challenges for technology ventures seeking risk capital. The potential for more cautious equity deal-makers may open doors to alternative capital sources, including innovation-focused lenders like Wellington.

McRock Capital closes Fund I at $65 mln with HarbourVest commitment

Canadian venture capital firm McRock Capital has closed McRock iNFund LP at more than $65 million in committed capital. The closing, which reached the top end of the fund's target, was enabled by a commitment from HarbourVest Canada Growth Fund, a venture fund of funds initially capitalized in April. HarbourVest joined existing investors, including Alberta Enterprise Corp, BDC Capital, Cisco Investments, Export Development Canada, Électricité de France, Kensington Venture Fund and Teralys Capital Innovation Fund. As reported by peHUB Canada last month, the fund will target opportunities to leverage industrial Internet software and sensor solutions that can create new capabilities for key industries.

Eight Roads on course with second fund--VCJ fund profile (CORRECTED)

London-based firm's new fund will look to add fintech to its consumer and enterprise tech focus.

Cross Valley Capital unveils $20 mln venture fund

Rokk3r Labs has teamed up with Jon Gosier and RJ Joshi to launch Cross Valley Capital, a $20 million venture fund. Based in Miami and Philadelphia, the fund will back early-stage startups from various sectors. Investments will range between $25,000 and $600,000 per company.

Owl Ventures closes latest fund at over $100 mln

Owl Ventures has raised $100.19 million for its latest fund, according to a Form D SEC filing. Based in San Francisco, Owl Ventures is a venture firm that focuses on education tech companies. Owl Ventures' current portfolio includes Newsela and Panorama Education.

Vertex Ventures raises more than $140 mln for debut fund

Vertex Ventures has raised $140.85 million for its inaugural fund, according to a regulatory filing. The firm, which is located above Antonio's Nut House in Palo Alto, Calif., was co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies.

Hatteras raises $91 mln toward fifth fund

Hatteras Venture Partners has raised $91 million toward a fifth fund, according to an SEC filing. The fund target is $150 million, according to the filing.

Lakestar closes second fund at almost $400 mln

European venture firm Lakestar has raised 350 million euros (about $398 million) for its oversubscribed second fund. Lakestar II will focus mostly on early-stage or growth-stage investments. Monument Group was the placement agent.

Lerer Hippeau to raise $75 mln fifth fund

Lerer Hippeau Ventures is back in the market for its fifth fund, a year after closing its fourth, according to an SEC filing.