Private Equity
According to an SEC filing, New York-based Collaborative Fund, which backs startups, has raised $65 million for its third fund. Its previous fund, as reported by peHUB, closed $33 million.
1 min read · 15 May 2015
Securities regulators in British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia announced they have implemented, or expect to implement, registration and prospectus exemptions that will allow early-stage companies to raise capital through crowdfunding in their jurisdictions. The Canadian Securities Administrators (CSA) said members have agreed to a common set of rules that will allow startups to raise up to $500,000 per year from authorized funding portals. Related rules and policies can be viewed on CSA member websites.
2 min read · 14 May 2015
Two female venture capitalists have raised $150 million for their debut fund, bolstering the standing of the women in an industry that has come under intense criticism for its boys-club approach, Reuters reported.
2 min read · 14 May 2015
Redpoint Ventures announced on its blog that it has closed its sixth fund with $400 million in commitments. Fund VI is the same size as its previous vehicle, which closed in 2013. Partner Satish Dharmaraj writes in the blog post that the fund will focus on seed, Series A and Seris B rounds in consumer and enterprise companies.
1 min read · 14 May 2015
True Ventures says it plans to raise a $175 million select fund, according to an SEC filing. The fund - True Ventures Select 1 - would be the firm's first select fund, No first close has taken place, the document states. True portfolio company Fitbit last week unveiled its plans to conduct an IPO.
1 min read · 12 May 2015
According to an SEC filing, San Francisco-based SherpaVentures is seeking to raise $175 million for its second fund. As previously reported by peHUB, the firm raised $154 million for its debut fund.
1 min read · 12 May 2015
MaRS Discovery District and Sustainable Development Technology Canada (SDTC) have agreed to partner in an initiative to launch and grow Canadian clean technology and energy innovation startups. The initiative, which will draw on SDTC’s funding and support activity and MaRS' skills development programs, aims to connect companies with global opportunities, share market information, and highlight the work of leading startups. SDTC Vice President David Harris Kolada said the MaRS-SDTC collaboration is intended to advance the goal of creating a $50 billion Canadian clean technology industry by 2022.
3 min read · 07 May 2015
The Ontario government plans to establish a new fund to support emerging health technologies in the province. The Health Technology Innovation Evaluation Fund will be capitalized at $20 million to support pre-market evaluations and early adoption of innovations in specific care settings and across the health sector. Last month, the provincial government announced it would commit $25 million to Scale Up Ventures Fund, an Ontario early-stage venture capital fund.
4 min read · 07 May 2015
Seed Equity Capital Partners LLC is seeking to raise $10 million for its initial venture seed fund. The focus of the Seed Equity Venture Fund I LP will be on early growth stage tech companies.
3 min read · 06 May 2015
RiverVest Venture Partners has raised $80.2 million for its third fund. RiverVest Venture Fund III LP will focus on pharmaceuticals and therapeutic medical devices with no geographic boundaries.
2 min read · 05 May 2015
