Managers

McRock Capital launches second industrial IoT venture fund

McRock Capital, a Canadian industrial internet-of-things venture capital firm, has raised C$80 million for its second venture fund. The target is C$100 million. Investors of McRock Fund II LP include Cisco Investments, Shell, BDC Capital, Export Development Canada, Alberta Enterprise Corporation and HarbourVest. Co-founded by Scott MacDonald and Whitney Rockley, McRock invests exclusively in industrial IoT companies across Canada, the US, and Europe.

DDF taps Jung as partner

The Dementia Discovery Fund, a venture fund that invests in projects and companies that develop treatments for age-related dementias, has named Dr. Christian Jung as a partner. Previously, he worked at Wellington Partners Life Sciences where he was a principal. SV Health Investors manages DDF.

How VC-backed startups are combating student debt

Friday Letter: Brian Jacobs and his new venture, Moai Capital

A weekly letter from the VCJ editor about an assortment of what's happening in VC, along with who we're meeting and what we're hearing

Fresh off Fastly's big IPO, August Capital targets 2020 fundraising

Valuations start to stabilize in H1 while market remains strong

Ex-Trinity Ventures GP Scholnick reportedly focusing on seed

Polychain collects over $174 mln for initial venture fund

Polychain Capital has raised over $174 million for its debut venture fund, according to an SEC filing. No target was listed in the document. Polychain invests in cryptocurrency protocols and companies.

Accion Venture Lab gathers $33 mln for new fund

Accion Venture Lab has raised $33 million for a new fund. The fund will invest in fintech startups. Launched in 2012, Accion Venture Lab is the seed-stage investment initiative of global nonprofit Accion.

Vensana wraps up inaugural medtech fund

Vensana Capital, which was launched by healthcare-focused venture firm Versant Ventures, has closed its debut fund at US$225 million. Vensana Capital I's limited partners include public pensions, university endowments, foundations, academic health systems, family offices and fund-of-funds. The fund will invest in the medical tech sector. Versant's offices include San Diego, San Francisco, Minneapolis, New York City and Vancouver, British Columbia.