Private Equity
New venture fund plans to raise $50 million to invest in ”post-seed” Internet companies stuck between the gap between seed and Series A rounds.
2 min read · 21 February 2014
NewSchools has closed $12 million for its seed fund. The fund will invest in edtech ventures. Headquartered in Oakland, Calif. and with offices in Boston and Washington, D.C., NewSchools is a nonprofit venture philanthropy firm focused on public education for underserved students.
4 min read · 20 February 2014
Canada's Venture Capital & Private Equity Association (CVCA) and the Business Development Bank of Canada (BDC) have jointly launched the BDC Innovation Award. The new award will recognize an early-stage Canadian company that has demonstrated the ability to bring innovation to market, re-shaping a sector or industry in a new or unexpected way. Nominations for the award are open until April 4, 2014, and the winning startup will be honoured at the 2014 CVCA Annual Conference in Ottawa from May 20-22, 2014.
3 min read · 19 February 2014
The Mayfield Fund has closed its second dedicated India fund with the equivalent of $108 million in commitments. The firm makes early-stage investments in India, targeting companies in the infrastructure sector, tech and tech-enabled services and the consumer middle class. Mayfield raised $111 million for its first India fund in 2008. However, Managing Director Navin Chaddha told peHUB that because the rupee has depreciated in value over the years, the rupee-denominated second India fund is actually 25% larger than its predecessor.
3 min read · 19 February 2014
Sequoia Capital has quickly returned to the market with two venture funds focused on growth investments in China and the United States, while Sequoia Capital India is out raising its fourth fund, regulatory filings show.
1 min read · 18 February 2014
State pension fund’s Grove Street Advisors’ portfolio shows strong gains from Avalon, Foundry Group and Flagship
2 min read · 18 February 2014
According to an SEC Form D filing, True Ventures is seeking to raise $250 million for its fourth fund. Based in San Francisco and Palo Alto, Calif., True Ventures is an early-stage VC firm.
1 min read · 14 February 2014
Arizona State University has received a $1 million grant from the Maricopa County Industrial Development Authority to launch a VC fund. The target is $10 million. According to ASU, the pool will focus on companies that have been aided by ASU-supported accelerator programs. The fund will make investments ranging from $50,000 to $250,000 in selected companies.
5 min read · 13 February 2014
Northleaf Venture Catalyst Fund (NVCF), which in Jan. 2014 raised $218 million in its initial close, has made its first two fund commitments totaling $60 million. NVCF backed Georgian Partners Growth Fund II, managed by Toronto-based Georgian Partners, which is focused on investing in expansion-stage enterprise software, Internet and information companies. Georgian Partners' Fund II has been widely reported as having raised $100 million in total in its first close. NVCF also committed to XPV Water Fund II, managed by Toronto-based XPV Capital Corp, which is focused on investing in proven entrepreneurs operating in the global water industry. NVCF is managed by Canadian private markets investor Northleaf Capital Partners. With headquarters in Toronto, Northleaf currently manages $5 billion in institutional investor commitments.
3 min read · 13 February 2014
CalPERS sees strong results from Giza, trouble from Baring, Pacific Road funds
2 min read · 11 February 2014
