Managers

LACERS bets $35 mln on NEA’s latest mega-fund

NEA 17 has now raised capital from at least nine public pensions, including Nebraska, Sacramento and LA pension funds.

CrowdStrike and Accel launch Falcon Fund

CrowdStrike Inc and Accel have launched Falcon Fund, a $20 million early-stage investment fund. The fund will focus on making seed and Series A investments in startups that are building applications on the CrowdStrike Falcon platform.

Algo Capital gathers $200 mln for venture fund

Algo Capital has closed its venture fund at $200 million, beating its $100 million target. Algo VC Fund will invest in businesses that are building on the Algorand technology platform. The fund's backers include Brainchild, NGC Ventures, Arrington XRP Capital, Eterna Capital, GSR, Cognitive Blockchain, Rokk3r Inc, Wibson, 11-11 Ventures, DG Ventures, Winslow Strong and Invermaster.

Universal Labs targets $50 mln for fund

Universal Labs is seeking to raise $50 million for its opportunity fund. The fund will focus on investing in the development of natural medicines that prevent and treat cancer.

VC-backed Pionyr names Levey as SVP and chief business officer

Pionyr Immunotherapeutics Inc, a developer of antibody therapeutics, has appointed Dr. Alicia Levey as senior vice president and chief business officer. Previously, Levey worked at Tempest Therapeutics where she was vice president and chief business officer. Pionyr's backers included OrbiMed, New Enterprise Associates, Sofinnova, SV Health Investors, Vida Ventures, Trinitas Capital, Mission Bay Capital and Osage University Partners.

Survival of the biggest: firms fill gargantuan war chests

Large funds are the differentiators for late-stage general partners as established firms fill gargantuan war chests to do battle for the hottest growth companies and new era of concentration is settling in

Venture capitalist Patty Abramson dies at 74

Patty Abramson, a venture capitalist who co-founded the W0men's Growth Capital Fund in 1997 to invest in businesses owned by women, died Aug. 24 in Nantucket Island, Massachusetts. She was 74. Jenny Abramson, her daughter and a managing partner at the venture firm Rethink Impact, told The Washington Post her mother died from cancer-related complications.

Mindset Ventures targets $50 mln for third fund

Mindset Ventures has launched its third fund. The target is $50 million. The fund will invest in early-stage B2B companies mainly in the areas of healthcare, fintech, agriculture and cyber security. Mindset has offices in Sao Paulo, San Francisco and Tel-Aviv.

Presight Capital wraps up $80 mln fund

Presight Capital has closed its first fund at $80 million, beating its $50 million target. Presight Global Venture Opportunities Fund's limited partners include Apeiron Investment Group. Presight Capital is the international venture arm of Apeiron Investment Group, the family office of German entrepreneur and investor Christian Angermayer.

Cultivation Capital amasses $74.1 mln for third tech fund

Cultivation Capital has raised $74.1 million for its third tech fund, according to an SEC filing. The target is $75 million. Based in St. Louis, Missouri, the venture firm invests in early-stage technology, software and life sciences companies.