Private Equity
The Canada Media Fund (CMF), which supports companies that promote Canadian creative content, is partnering with BDC Capital, an affiliate of the Business Development Bank of Canada (BDC), to increase the funding available to project commercialization in the digital media industry. Under this arrangement, BDC will provide eligible ventures in gaming and software with a convertible note worth $150,000 to complement investments already committed by CMF. One objective of the partnership will be to increase opportunities for these companies to secure additional private sector investments.
3 min read · 10 September 2014
Darwin Ventures, a fund-of-funds focused on early-stage deals, is seeking to raise up to $100 million for a third vehicle.
2 min read · 10 September 2014
SoftBank Capital, an investor in Fitbit, Kabbage and others, has raised $100 million for a new venture fund, according to a regulatory filing. SoftBank's portfolio includes xAd, which raised a $50 million round last week. SoftBank Capital has offices in Massachusetts, New York and San Carlos, California.
1 min read · 09 September 2014
Venture firm DCM is seeking to raise $170 million for a dedicated China fund, according to a securities filing.
2 min read · 09 September 2014
Canadian venture capital firm Avrio Capital has raised $65 million in the first close of its fourth institutional late-stage fund, Avrio Ventures LP III. Focused on investing in innovative agriculture and food companies, the fund received capital commitments from existing limited partners Farm Credit Canada and Export Development Canada. The Calgary-based Avrio said the subsequent close of Avrio Ventures LP III, which is targeted to raise $125 million in total, is likely to occur in the coming months. Founded by managing directors Jim Taylor and Aki Georgacacos, the firm has invested in 52 companies during the last 12 years. Avrio's original fund is now fully realized, having achieved an IRR of approximately 20 percent.
3 min read · 09 September 2014
The Funding Portal Inc has partnered with Sustainable Development Technology Canada (SDTC) to launch a new online platform to help clean technology companies raise financing for their R&D and commercialization efforts. The new platform, which is found at TheFundingPortal.com/CleanTech, gives startups access to services for securing funds from both government and private sector sources. Among the potential venture capital sources will be SDTC's SD Tech Fund and SD Natural Gas Fund. In June, the Funding Portal and University Health Network launched a similar platform to support the early-stage financing of healthcare companies.
4 min read · 08 September 2014
Adams Street, Landmark stand out, but portfolio is still young
1 min read · 08 September 2014
The provider of cloud-based customer relationship management software forms $100 million venture fund focused on the mobile enterprise.
2 min read · 08 September 2014
According to a blog post on its site, London and Dublin-based Frontline Ventures has raised 40 million euros in the first close of its debut fund. The focus is on early-stage software firms. The fund's LP base includes Irelandia, AIB and Enterprise Ireland. To read more about the fund, visit here.
1 min read · 04 September 2014
Near record distributions are bringing limited partners back to the asset class. As fund commitments jump so do capital flows
6 min read · 03 September 2014
