Private Equity
Palo Alto, California-based The Hive, an incubator, accelerator and early-stage investor, has closed its second fund at $22 million. According to the firm, The Hive II will focus on backing data-driven applications in enterprise, internet of things and online segments.
4 min read · 12 March 2015
FirstMark Capital has raised a $200 million venture capital fund, according to documents filed with the SEC. The fund - FirstMark Capital P2 - is supported by seven LPs and had a first sale in February.
1 min read · 11 March 2015
British Columbia Discovery Fund (VCC), a retail venture capital fund managed by Discovery Capital Management Corp, has discontinued the sale of its Class A Shares and will not be renewing its distribution prospectus, which lapses on April 15, 2015. The fund, which has $40 million in assets, said it will instead focus on the management and realization of existing portfolio investments. Its portfolio companies include Avigilon Corp, a surveillance solutions platform; quantum computing company D-Wave Systems Inc; and Tantalus Systems Corp, a provider of smart grid communications. Founded in 1986, Discovery Capital is based in Vancouver.
5 min read · 11 March 2015
Golden Opportunities Fund, a retail fund managed by Canadian private equity and venture capital firm Westcap Management, has raised new capital commitments totaling $40 million. With the raise, the fund was fully subscribed for its 2014 tax-assisted fundraising period. Founded in 1999, Golden Opportunities invests in small and medium-sized growth companies in diverse sectors of the Saskatchewan economy. To date, it has invested more than $300 million in 118 companies.
2 min read · 09 March 2015
Vienna, Austria-based early-stage venture fund Speedinvest has raised 60 million euros for its second fund. The focus is on European tech startups.
4 min read · 06 March 2015
SaaS Capital said it closed a second fund of $58 million to provide debt-based capital to SaaS companies. The fund is a step up from the Cincinnati firm's first fund of $22.5 million. The 2012 maiden fund provided financing to 14 SaaS companies with an average deal size of $3 million to $4 million.
3 min read · 05 March 2015
Social+Capital Partnership is raising a $450 million third fund. The new fund - Social Capital Partnership III - is a step up from the firm's second fund, which in 2013 targeted $325 million.
1 min read · 02 March 2015
Georgian Partners Growth Fund II, the second fund of Canadian venture firm Georgian Partners, is expected to surpass its target in an imminent final close, thanks to an investment strategy that has resonated with LPs. The fund, which is targeted to raise $120 million, is likely to be wrapped up by mid-March at more than $170 million, said Justin LaFayette, co-founder and managing partner of Georgian Partners.
3 min read · 02 March 2015
Combined, 30 Canadian companies, led by Builddirect and Desire2Learn, raised nearly $1.1 billion last year
3 min read · 01 March 2015
Emergence, which scored big with the Veeva IPO in October 2013, raises $335 million for its fourth fund; plus other venture-related news from the United States, Asia and Europe
10 min read · 01 March 2015
