Fundraising

Norrsken22 closed its debut fund at an oversubscribed $205m with support from its namesake foundation to invest primarily in sub-Saharan growth-stage companies.

Pender Technology Inflection Fund II is targeting C$100 million.

Menlo says the newly raised capital will go to its flagship venture fund Menlo XVI, Menlo Inflection III and affiliated funds 'with a mandate to invest in promising technology companies leading the AI transformation.'

Flashpoint RI Secondary Fund II will focus on companies with annual recurring revenue of $30m to $150m, says general partner Michael Szalontay.

Kearney's focus includes investments across the climate, advanced computing and human health sectors.

Davis will focus on growth equity investments and open a new office in San Francisco.

The Silicon Valley-based firm has raised nearly $73m across three funds since its founding in 2014.

Zeal Capital Partners, which is raising its second fund, hires Stefanie Thomas of Impact America Fund as a managing director.

We crunched the data we’ve been collecting about women-led firms and found that they have closed on a combined $1.8bn for 24 funds so far this year.

The health tech-focused firm, founded by Tara Bishop and Eileen Tanghal, has raised $58m from an impressive list of institutions, including Eli Lilly, Bank of America, JPMorgan Asset Management and Henry Ford Health.