Private Equity
MaRS Discovery District has launched LegalX, a new industry cluster that will support startups and other sources of innovation in the legal sector. Aron Solomon, innovation lead at MaRS, will direct the new cluster in consultation with Jason Moyse, manager of legal business solutions at Elevate Services. MaRS said it is currently accepting applications from Canadian ventures innovating in the legal field through technology, design and service delivery. The Toronto-based MaRS launched its financial technology cluster in February.
3 min read · 23 June 2015
Whitecap Venture Partners has raised $100 million for its third venture fund. Whitecap III's limited partners include Kensington Venture Fund, Bank of Montreal and several high net-worth families and family offices. The fund is focused on three sectors: information and communications technology, medical technology and food technology.
2 min read · 23 June 2015
Whitecap Venture Partners has closed its third technology fund at the upper end of its fundraising target, paving the way for a new investment. The Toronto-based firm announced today that it has wrapped up Whitecap III LP at $100 million in committed capital. It also said Fund III led the financing of Qvella, a Canadian molecular diagnostics company.
3 min read · 23 June 2015
A summary of recent venture fundraisings and filings worldwide; plus tables on recent fund closings
10 min read · 20 June 2015
Arboretum Ventures has begun raising a $215 million fourth fund, according to a filing with the SEC. The new fund will be a substantial step up from the Ann Arbor, Mich., firm's $140 million third fund.
1 min read · 19 June 2015
RezVen Partners said it raised a $50 million venture capital fund targeting early stage software and social media companies. The fund attracted both new and existing LPs and will be run by Managing Partners Anderee Berengian and Jim Davis.
3 min read · 18 June 2015
Foundation Capital, an investor in Lending Club, Mobile Iron and Chegg, is seeking to raise $325 million for its eighth venture fund, according to a regulatory filing.
1 min read · 16 June 2015
Kleiner Perkins Caufield & Byers is kicking off a seed fund and a program of software-based services for young companies in an attempt to build a stronger mindshare with founders.
2 min read · 16 June 2015
Paris-firm Idinvest Partners was an investor in ad tech company Criteo, which went public on the Nasdaq in 2013.
2 min read · 16 June 2015
When evaluating a venture capitalist’s request for a new fund, obviously a performance track record goes a long way in swaying a limited partner for or against. Another key factor is “brand.”
1 min read · 15 June 2015
