Private Equity
GGV Capital, a U.S. and China-focused venture firm, said Wednesday that it has closed $620 million for its fifth fund. Its LPs include the University of California Regents. GGV Capital was an early backer of Alibaba.
3 min read · 14 May 2014
The Canadian government has made a $1.74 million funding commitment to Centre d'entreprises et d'innovation de Montréal (CEIM). The funding is intended to support CEIM's business incubation activity in emerging technology sectors, including communications, information technology, new media, clean and industrial technology, and life sciences. CEIM was founded in 1996.
2 min read · 13 May 2014
Norwest Venture Partners, which has enjoyed a number of sizable liquidity events recently, announced it has raised a $1.2 billion fund to make multi-stage investments worldwide. The firm said that it achieved 11 exits in 2013 with a combined market cap of $10 billion. Exits last year include the IPOs of FireEye, RetailMeNot and Cyan. Acquisitions include the $525 million sale in late October of Virtela Technology Services to NTT Communications Corp and the acquisition of 41st Parameter to Experian for $324 million. Palo Alto, Calif.-based Norwest, which also has offices in India and Israel, similarly raised $1.2 billion for its 11th fund, which closed in late 2009.
5 min read · 13 May 2014
Recent vintage funds from Insight, Claremont, OrbiMed continue to advance
2 min read · 12 May 2014
According to an SEC Form D filing, Chicago-based Math Venture Partners is seeking to raise $25 million for its initial fund. The firm was founded by Mark Achler and Troy Henikoff
1 min read · 09 May 2014
Intel Capital said it has formed a $100 million fund to invest in Chinese companies working on smart devices, including tablets, smart phones, PCs, 2in1s, wearables, and the Internet of Things, and on other related technologies in China. The venture capital arm of Intel announced the China Smart Device Innovation Fund at the annual Intel Developer Forum in Shenzhen.
3 min read · 05 May 2014
Funds from the Column Group, GGV and Canaan advance smartly
2 min read · 05 May 2014
Nokia Growth Partners has teamed up with HERE to launch a $100 million connected car fund. The pool will invest in auto tech firms.
2 min read · 05 May 2014
Canadian commercialization agent MaRS Innovation has welcomed the Ontario government's commitment to a new $30 million life sciences seed venture capital fund, which was recently announced in the 2014 Ontario budget. The fund is a partnership between the provincial government, the private sector and hospital foundations that will focus on investing in Ontario-based, early-stage life sciences companies. Located within the Toronto-based MaRS Discovery District, MaRS Innovation commercializes opportunities emerging from 16 leading academic institutions.
3 min read · 02 May 2014
Lightstone Ventures said Thursday that it has raised $172 million for its debut life sciences fund. The pool will focus on early-stage biotech and medical device firms.
2 min read · 01 May 2014
