Private Equity
AC JumpStart, an incubation and mentorship program targeted to technology startups in Southwestern Ontario, has been launched with $8 million in funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The program, which is managed by Waterloo commercialization hub Accelerator Centre, will provide $30,000 in seed capital to qualifying companies. It is expected that 180 companies will participate in the program over the next four years.
4 min read · 15 January 2015
DBL Investors has raised a $356.4 million third fund, according to a filing with the Securities and Exchange Commission. Listed as directors of the fund are firm founder Nancy Pfund and Ira Ehrenpreis.
1 min read · 15 January 2015
Felicis Ventures has expanded the size of its fourth fund to $120.6 million from 96.4 million, according to a filing with the Securities and Exchange Commission. The expansion coincides with the addition of Wesley Chan as a new managing partner at the firm.
1 min read · 15 January 2015
Teralys Capital has committed $50 million to the first close of CTI II, the second life sciences fund of Canadian venture capital firm CTI Life Sciences. As reported by peHUB Canada, the firm raised $134 million of a targeted $150 million for its fund. Other investors in CTI II included the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and BDC Capital. The Montréal-based Teralys last November secured $279 million in the initial close of its second investment vehicle, Teralys Capital Innovation Fund.
3 min read · 15 January 2015
Canadian venture capital firm CTI Life Sciences has secured $134 million in the initial close of its second partnership, CTI II, earmarked for investments in biotherapeutics and other life sciences companies. The result puts CTI II within reach of the $150 million target set for the fund, which is expected to wrap up by mid-2015, said Ken Pastor, co-founder and general partner of the Montréal-based firm.
3 min read · 15 January 2015
Montreal-based CTI Life Sciences has raised C$134 million in the first close of its second venture fund. The pool's limited partners include Teralys Capital and BDC Capital via the Government of Canada's Venture Capital Action Plan. CTI II will invest mostly in biotherapeutics.
3 min read · 15 January 2015
TVC Capital has closed its oversubscribed third fund at $115 million. The pool's limited partners include fund of funds managers and a university endowment. TVC Capital III will focus on making investments in software firms that are generating over $2.5 million in revenue.
3 min read · 15 January 2015
U.S. venture capital firms raised a total of US$29.8 billion in capital commitments in 2014, up 69 percent from 2013, reported Thomson Reuters and the National Venture Capital Association (NVCA). As a result, last year reflected the highest level of fundraising in the American industry since 2007. The NVCA attributed the trend to a strong exit market for venture-backed companies. Fundraising activity was at its weakest in the fourth quarter of 2014, which accounted for US$5.6 billion in commitments, down nine percent from three months earlier.
4 min read · 14 January 2015
Israeli venture capital funds attracted $914 million in 2014, up 68 percent on the year, and look set to draw even more funding in 2015, the Israel Venture Capital (IVC) Research Center said on Wednesday.
2 min read · 14 January 2015
Improvements seen from Claremont Creek, Upfront, DFJ Frontier
1 min read · 14 January 2015
