Private Equity
Four Rivers Group has closed $52 million for its third fund, Fortune reported. Based in San Francisco, Four Rivers Group is an expansion stage VC firm.
1 min read · 13 December 2013
Dell Ventures, the strategic investment arm of Dell, has raised $300 million for its strategic innovation venture fund. The pool will focus on early-to-growth-stage companies in emerging technology areas.
4 min read · 13 December 2013
New managers continue to find fundraising success, with nearly 40 first-time funds raised in 2013.
2 min read · 13 December 2013
Dell Ventures to roll out $300 million fund.
1 min read · 12 December 2013
The Saskatchewan government's Financial and Consumer Affairs Authority has announced the launch of its Saskatchewan Equity Crowdfunding Exemption. The exemption allows Saskatchewan-based small businesses and start-ups to undertake two, six-month offerings of $150,000 each per year to investors who are also residents of the province. Investors are, in turn, limited to $1,500 per offering. The exemption is based on a proposal that was tabled for public feedback in October. Last week, the Ontario Securities Commission announced plans to publish proposals for new capital raising prospectus exemptions, which includes a crowd-funding exemption, in the first quarter of 2014.
2 min read · 09 December 2013
BDC Venture Capital has made a $3 million commitment to BrandProject LP, a venture capital fund that invests in early-stage consumer products and technology companies. With offices in Toronto and New York, the fund makes equity investments in disruptive Internet-enabled consumer products and consumer services businesses across North America. Founded in 2012, BrandProject, which completed a first close of $12 million in Aug. 2013 with the backing of angel investors, builds on the record of Blackpoynt Brand Ventures, a firm focused on creating value and growing branded consumer businesses. Both BrandProject and Blackpoynt were founded by Andrew Black, who was previously president and CEO of Virgin Mobile Canada.
4 min read · 09 December 2013
Vicente rises and Spark, NEA and Kholsa also perform well
2 min read · 09 December 2013
Impact8, an accelerator focused on social impact ventures, has completed its first program with start-up demos at the Toronto Stock Exchange. The inaugural cohort consists of: Detailing Knights, a mobile car-detailing service that reduces waste water; GrantBook, a source of solutions to advance grants management; LB Designs, a specialist in refining clothing manufacturing in Haiti; Learning Bird, a provider of affordable online learning experiences; The Lucky Iron Fish, a health innovator focused on iron deficiency anemia; RainGrid Network, a provider of infrastructure to protect cities against storm flooding; Sumac, an organization that offers support for food businesses, and Sunfarmer, a supplier of solar energy services to rural communities. Impact8 is sponsored by Toronto-based innovation hub MaRS Discovery District.
4 min read · 05 December 2013
The Ontario Securities Commission (OSC) announced that it intends to publish in the first quarter of 2014 new capital raising prospectus exemptions for a 90-day public comment period. Among these is a crowd-funding exemption, together with a registration framework for online funding portals. The OSC said it "has a responsibility to consider whether our regulatory framework supports efficient capital formation and contributes to Ontario’s economic growth." Provincial regulators have already granted a two-year approval to the operation of impacting investing portal SVX, sponsored by MaRS Discovery District, which was launched in September.
3 min read · 05 December 2013
Persistent Systems has launched an early-stage venture fund. No financial terms were disclosed. According to the company, the fund's focus will be on "supporting innovation in social, mobile, analytics and cloud computing technologies." The fund has made an undisclosed investment in Ustyme, an iPad video-call app. Persistent is a global provider of software products and technology services.
3 min read · 04 December 2013
