Fundraising

The Los Angeles-based early-stage venture capital firm's inaugural fund is focused on deeptech and gaming.

The Los Angeles-based firm just closed on $40 million for its debut fund, with commitments from Bank of America, 301 INC, Illumen Capital's Catalyst Fund, JP Morgan Asset Management, MassMutual and the Illinois Growth and Innovation Fund.

The Italian venture firm has held a first close on its third early-stage fund, United Ventures III. Backers include Italian and international institutional investors.

Venture funds worldwide raised a combined $58.1bn in the first half of 2023, down from about $100bn in the first half of last year, according to exclusive Venture Capital Journal research.

Mayfield is making a major push into AI, raising $250 million for its first AI-focused seed fund, AI Start, and hiring a veteran investor focused exclusively on AI start-ups.

Exclusive research by Venture Capital Journal found a total of 102 women-led firms have raised a combined $5bn since the start of 2022.

The fund will incubate and build-early stage next-generation biotechnology companies in the Los Angeles region and beyond.

The fund will make investments of $4m to $8m in early-stage tech start-ups working on developer tools, AI, cybersecurity, fintech and biotech, among other sectors.

CoinFund, a crypto-focused venture capital firm, announced that it has closed on $158 million for CoinFund Seed IV Fund LP, beating its $125 million target.

Industry Ventures has beaten the initial target for its latest flagship secondaries fund and appears to have also increased the total amount of capital it is seeking.