Private Equity
Milan-based United Ventures has raised $80 million for its oversubscribed debut fund. The LPs for United Ventures One include institutions, banks and fund of funds. The fund seeks to invest in European tech startups.
3 min read · 28 October 2014
Knight Therapeutics Inc (TSX: GUD), a specialty pharmaceutical company, has committed $30 million to Teralys Capital Innovation Fund LP, a life sciences fund managed by Canadian fund of funds manager Teralys Capital. The initiative follows the company's investments in other fund vehicles, including its commitment earlier this month to Dutch venture capital firm Forbion Capital Partners. The Montréal-based Knight Therapeutics said it plans to invest up to $130 million in its fund strategy, which is intended to secure Canadian product rights for the company. Teralys manages a $600 million fund sponsored by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec.
3 min read · 28 October 2014
Mosley Ventures has received $2 million in funding from e-mail marketing firm MailChimp. Mosley Ventures is a venture fund that focuses on early-stage tech startups in Atlanta and the Southeast.
2 min read · 28 October 2014
Ukraine situation impacts Capman; and VersoVentures in Finland targets second fund
4 min read · 27 October 2014
Middle East Venture Partners said it raised its IMPACT Fund with commitments of more than $50 million. It described the fund in a press release as the largest venture capital fund in Lebanon and the first fund to comply with Banque du Liban’s Intermediate Circular 331. The Fund is co‐sponsored by BLOM Invest Bank and MedSecurities Investment, and has received first close commitments from Lebanese banks including BLOM Invest Bank, BankMed, Bank Audi, Fransabank, Credit Libanais Investment Bank and Al‐Mawarid Bank. The Middle East Venture Partners expects several additional banks to join the second closing, including Banque Libano‐Francaise, Bank of Beirut, BBAC, LGB Bank and First National Bank, BML.
5 min read · 24 October 2014
Canadian early-stage venture capital firm Version One Ventures, which this week closed its second fund at $35 million, received a $10 million anchor commitment from Northleaf Venture Catalyst Fund. Version One, which is led by founding partner Boris Wertz, invests in Internet, SaaS and mobile companies in Canada and the United States. Northleaf Venture Catalyst Fund, which is managed by Northleaf Capital Partners, raised around $218 million in its initial close earlier in 2014.
3 min read · 24 October 2014
Founders Circle Capital has closed on $195 million across two funds, beating its $125 million target. The firm seeks to invest in "breakaway growth" firms by buying a small portion of stock from founders, executives, employees or early backers.
4 min read · 23 October 2014
Kohlberg Kravis Roberts & Co is mulling the launch of a growth equity fund after three recent minority investments that marked a departure from its focus on traditional buyouts.
2 min read · 23 October 2014
Canadian early-stage venture capital firm Version One Ventures has closed its second fund with $35 million in commitments, exceeding the $30 million target, said Boris Wertz, founding partner. Northleaf Venture Catalyst Fund and BDC Capital are anchoring the new fund and were joined by existing investors from Fund I.
2 min read · 23 October 2014
Version One Ventures has closed its second fund with $35 million in commitments, exceeding the $30 million target, said Boris Wertz, founding partner.
1 min read · 23 October 2014
