Fundraising

The Pioneer Fund, which is planning to raise C$75 million, will be deployed to support global agrifood startups developing innovative and sustainable technologies.

The San Francisco firm's third fund has surpassed its $15m target and expects to close in the first half of 2023.

The two funds bring the firm's assets under management to more than $25bn.

Tenable Ventures has unveiled a $25 million fund that backs early-stage cyber startups.

Return LPs include City Football Group, Sinclair Broadcast Group, adidas, Anschutz Entertainment Group, Bank of Montreal, Intersect Capital, Wise Ventures and the ownership group of the Indiana Pacers.

Pender Ventures is led by managing partner Maria Pacella, who joined in 2018 as its founding partner.

Despite reports that say the late-stage and growth segments of the venture industry face a tough road ahead, M33 Growth found strong demand for its third fund, which beat its target.

The €1bn fund is 43% bigger than its predecessor and will continue the firm's strategy of backing European growth-stage software and consumer internet companies.

B Capital Group invests in the enterprise, financial technology and healthcare sectors.

Pierre Mauriès, a former executive with The Carlyle Group and the Private Equity Technology practice director at PwC, is nearing a first close on a $500m fund for Nemesis Technologies.