Private Equity
According to a blog post on its site, New York-based early-stage VC firm ff Venture Capital said Tuesday that it has closed $52 million for its third fund that was originally targeted at $50 million. The pool's new LPs include New York State’s Empire State Development, Goldman Sachs and the New Jersey Economic Development Authority. According to the firm, the fund will focus on "game-changing ideas and businesses" as well as current portfolio companies that are growing and doing well.
1 min read · 14 January 2014
Triphase Accelerator Corp, a cancer-focused biotechnology accelerator, has been formed by an investment partnership of Fight Against Cancer Innovation Trust (FACIT) and affiliates of commercialization and innovation hubs MaRS Innovation and MaRS Discovery District. With operations in Toronto and San Diego, Calif., Triphase aims to support differentiated products through proof of concept (Phase II) faster and more efficiently. Originally spun out of the Ontario Institute for Cancer Research in 2010, Triphase has entered into a strategic relationship with Celgene Corp, a manufacturer of drug therapies for cancer and inflammatory disorders with headquarters in Summit, New Jersey.
4 min read · 13 January 2014
According to data compiled by Thomson Reuters and the National Venture Capital Association, U.S. VC firms raised a total of $4.9 billion from 48 funds during the final quarter of 2013. This figure represents an increase of 12 percent as compared to the previous quarter as well as a 53 percent increase from the same period in 2012. However, the number of funds plunged to 21 percent versus the third quarter of 2013. Also, Thomson Reuters and NVCA reported that VC firms closed a total of $16.7 billion from 185 funds during 2013, a 15 percent drop compared to 2012. Overall, 2013 was the slowest year of fundraising since 2010.
5 min read · 13 January 2014
According to VentureWire, the Ann Arbor, Michigan-based Plymouth Ventures has received $31.6 for its third fund. The pool's target is $80 million.
1 min read · 13 January 2014
The state pension manager has invested in eight funds in the past four years
2 min read · 13 January 2014
San Francisco-based firm raises $131 million in new capital since June
1 min read · 13 January 2014
Real Ventures recently signaled a new direction for the six year-old venture capital firm – a direction that will soon be made manifest by the first close of its third, $100 million partnership, Real Ventures III, peHUB Canada has exclusively learned.The fund’s launch will cap what has been an exceptionally active period for the Montréal-based Real Ventures, one of Canada’s foremost early-stage IT and Internet-focused investment specialists, and the most active private investors in domestic seed-stage and startup financings in 2013, according to Thomson Reuters.
5 min read · 13 January 2014
According to the Wall Street Journal, seasoned MIddle East investor Fadi Ghandour has teamed up with the International Finance Corp. to launch a new venture fund. The target is $75 million and the closing is expected to be in April. The fund will focus on MENA tech startups. It will also be managed by Ghandour's investment firm Wamda Capital, which will offer between $1 million and $3 million to the pool. The IFC will reportedly contribute between $10 million and $15 million to the fund.
1 min read · 10 January 2014
In a look back at the industry’s largest venture fund of 2013 -- Greylock 14 -- Joseph Ansanelli talks about the firm’s approach.
2 min read · 10 January 2014
Digital conference and trade show Dx3 and venture-backed startup accelerator Extreme Startups have launched The Extreme Startups Acceleration Zone @ Dx3, a partnership focused on putting digital product companies "in front of brands eager to be at the forefront of global digital marketing and commerce innovation." The partnership, geared to Dx3's and Extreme Startups' programs in 2014, will give Canadian digital companies opportunities for showcasing, networking, support and funding by interested investors. Investors in selected startups may include Extreme Startups, the Ontario Centres of Excellence and BDC Venture Capital.
3 min read · 09 January 2014
