Private Equity
Andreessen Horowitz is raising a fourth fund with a target of $1.5 billion, Fortune reported. The firm closed on 1.5 billion for its third fund in January 2012.
1 min read · 18 January 2014
Early-stage VC firm Inventus Capital Partners said Friday that it has raised $106 million for its second fund. The pool will focus on companies in the consumer and business software and tech sectors.
3 min read · 17 January 2014
The venture capital arm of one of Canada's largest pension funds is raising a second, larger round of funding to invest in Canadian technology startups, its CEO told Reuters on Thursday.
2 min read · 17 January 2014
BrandProject LP, a company creation studio and fund that makes early-stage investments in consumer products and technology, has been officially launched. The firm has been backed with over $12 million in commitments from BDC Venture Capital and other investors. With offices in Toronto and New York, BrandProject will focus on seeding and mentoring Internet-enabled consumer products and services startups located in Canada and the U.S. Founded in 2012, BrandProject builds on the record of the consumer-focused Blackpoynt Brand Ventures. Both BrandProject and Blackpoynt were founded by Andrew Black, the former president and CEO of Virgin Mobile Canada.
3 min read · 17 January 2014
The venture capital arm of one of Canada's largest pension funds is raising a second, larger round of funding to invest in Canadian technology startups, its chief executive said on Thursday. OMERS Ventures has already secured some funding from its parent, the Ontario Municipal Employees Retirement System, for the second round and has invested some of it, but is now negotiating for more funding from outside sources, CEO John Ruffolo told Reuters on the sidelines of a technology conference. "It will be a very large fund. It will be larger than our first fund, which was C$200 million (US$183 million)," he said.
2 min read · 17 January 2014
Ross Bricker, former president and CEO of Canadian venture capital firm AVAC, has launched a new investment vehicle called the Optimum Technology Fund LP, peHUB Canada has learned. The Calgary-based Optimum Fund will focus on investing in technology companies in Canada and the U.S. Pacific Northwest with experienced managers, and that are on the cusp of introducing products or services that offer viable incremental improvements over existing solutions in a range of industries. The fund is targeted to raise $15 million in total, primarily from accredited retail investors. Partnering with Bricker in managing the fund is Neil Gledhil, an entrepreneur and investor of 30 years experience, and Patrick Barrington. Both Gledhil and Barrington are also based in Calgary.
2 min read · 16 January 2014
German growth equity firm Acton Capital Partners has raised over $110 million in the first close of its second venture fund. The target is $200 million and Its LPs include the European Investment Fund, LfA-EIF Facility and Hubert Burda Media</stro
4 min read · 16 January 2014
Israeli venture capital funds raised US$526 million in 2013, down 27 percent from 2012, the Israel Venture Capital Research Center (IVC) said on Tuesday in a report issued with consultancy KPMG. Fund raising has slowed since 2011 with less capital being raised by fewer funds, Koby Simana, IVC's chief executive, said in a statement. According to IVC, 30 Israeli VC funds are in the process of raising capital, with a targeted total of over US$2 billion. However, only half are expected to raise capital in 2014 and it will not be more than US$1 billion.
2 min read · 15 January 2014
TechCrunch reported that LA-based tech startup accelerator Amplify has raised $8 million for its second fund. Investors include Accel, Greycroft, Siemer Ventures, Deep Fork Capital and Karlin Ventures. Amplify was launched by Greycroft venture partner Paul Bricault and Jeff Solomon.
1 min read · 15 January 2014
U.S. venture funds raised US$4.85 billion last quarter, up 53 percent from the same period a year ago, but full-year 2013 fundraising fell 15 percent compared to the year before. For the full year, venture capital firms raised US$16.7 billion, the weakest annual total since 2010, according to data from the National Venture Capital Association and Thomson Reuters released on Monday. Some 48 funds were raised over the quarter, on par with a year earlier. The last quarter of the year usually is the slowest for venture fundraising. For the full year, 185 funds were raised, down slightly from 208 in 2013.
1 min read · 14 January 2014
