Fundraising

Anthos, with Goldman pedigree, raises $300 mln: Updated

One of the names creating buzz among limited partners is Anthos Capital, a California firm founded by former Goldman Sachs execs.

McRock Capital’s industrial Internet fund beats target with new commitments

McRock iNFund LP, a fund managed by Canadian venture capital firm McRock Capital, has secured undisclosed investments from Alberta Enterprise Corp and Kensington Venture Fund. The latest commitments, which follow those received from Cisco Investments, Teralys Capital Innovation Fund and BDC Capital in late 2014, helped the fund to exceed its target. McRock iNFund invests in the intersection of sensors and software in large industrial markets, a.k.a. the industrial Internet of things. Co-founded by Scott MacDonald and Whitney Rockley, McRock in February led the Series A financing of RtTech Software Inc, a solutions provider focused on enhancing industrial capabilities.

Rubin raises $242 mln fund to go with new Playground hardware incubator

Android co-founder Andy Rubin has raised a $300 million targeted Playground Ventures fund with four total managing directors.

Georgian Partners wraps up oversubscribed applied analytics fund at $200 mln

Growth equity firm Georgian Partners , a backer of e-commerce platform Shopify, has surpassed its target in a final close of its second applied analytics fund. The Toronto-based firm announced that Georgian Partners Growth Fund II has finished at an oversubscribed $200 million in committed capital. That’s roughly 67 percent more than the original target of $120 million.

Knight Therapeutics commits $10 mln to VCAP-backed HarbourVest fund

Canadian specialty pharmaceutical company Knight Therapeutics Inc (TSX: GUD) has committed $10 million to HarbourVest Canada Growth Fund LP, which is managed by U.S. private markets investor HarbourVest Partners. As reported by peHUB Canada in January, the HarbourVest vehicle is the fourth Canadian fund of funds affiliated with Ottawa's $400 million Venture Capital Action Plan. It is expected to raise about $300 million in total. The commitment from Knight Therapeutics is HarbourVest's first disclosed to date. Knight Therapeutics also invested in Teralys Capital Innovation Fund, which raised an initial $279 million last November.

Freestyle raises third fund, adds partner Jenny Lefcourt

Freestyle Capital has raised a third fund and added new partner Jenny Lefcourt to its ranks, according to a blog post. The size of the new fund is $60 million, according to a news report.

Index wraps up third growth fund in excess of $706 mln

Index Ventures has raised $706.16 million for its third growth fund, according to a regulatory filing.

Lux Capital raises oversubscribed $350 mln fourth fund

Lux Capital said it has closed an oversubscribed $350 million fourth fund for early stage investing. The fund had an initial target of $245 million and brings the total capital under management at the firm to $700 million, according to a press release.

XL Group backs new fund led by Hutton

XL Group plc said late Wednesday it created XL Innovate, a venture capital fund led by Tom Hutton. XL Group will back the new fund that will invest in companies developing new capabilities in the insurance space. Hutton was most recently CEO and founder of New Energy Risk Inc.

Correlation Ventures to raise $170 mln second fund

Correlation Ventures has begun raising a second fund of $170 million, according to a filing with the SEC.