Fundraising

The San Francisco-based accelerator plans to more than double its AUM with a second flagship vehicle targeting $100m.

Pelion Ventures VIII, which is targeting $250m, has closed on about $146m from 22 investors.

After a strenuous fundraising effort, the pro rata rights investor managed to raise more than it did for its previous fund.

Talis Ventures III will lead seed and Series A rounds in tech infrastructure, climate and consumer internet companies across the UK, Europe and US.

Investors in previous Pear funds include the Inasmuch Foundation, Los Angeles Fire & Police Pension System, the Richard King Mellon Foundation and the Passport Foundation, according to Venture Capital Journal research.

Craft Ventures, whose co-founder helped to launch Florida Governor Ron DeSantis's presidential campaign on Twitter Space, has raised more than $1.6bn combined for three new venture funds.

Founder Mattias Ljungman says, 'Europe has been a leader in AI and we find our best fit is to support the next generation of founders solving some of our greatest challenges within health, work, finance and gaming'

The fintech investor raised $650m for its eighth early-stage fund and $275m for its second growth fund.

The fund targets promising healthcare start-ups.