Managers

Biolux Research fetches $14 mln Series A

Biolux Research, an orthodontic device maker, has secured $14 million in Series A funding. Venrock led the round with participation from other investors that included Correlation Ventures. Also, Biolux has named David Thrower as CEO.

Pangaea Ventures raises $95 mln for fourth advanced-materials fund

Canadian venture capital firm Pangaea Ventures has closed its fourth advanced-materials fund, raising about $95 million (US$70 million) in commitments. Pangaea Ventures Fund IV was backed by a range of limited partners, including VanCity and BC Tech Fund, managed by Kensington Capital Partners. Pangaea also increased its strategic investors to twenty-five. Fund IV backers include existing investors CoorsTek, JSR and Mitsubishi Chemical Holdings and new investors Adidas, Doosan, Henkel, Lam Research, PTT Global, Sekisui, Severstal, Shin-Etsu and TOSOH. Vancouver-based Pangaea, founded in 2001 by General Partner Chris Erickson, said the fund will invest in up to 14 materials-driven companies addressing the energy, electronics, health and sustainability sectors.

M25 sets $30 mln target for third fund

M25 is seeking to raise $30 million for its third fund, according to an SEC filing. Based in Chicago, the early-stage venture firm invests in companies headquartered in the Midwest.

BMO unveils tech financing, advisory group led by Andre Salvi

Bank of Montreal (BMO) has launched a new specialized group to provide advice and financing to companies in Canada's technology sectors. BMO's Technology and Innovation Banking Group will support companies at every stage of their life-cycle, from startup to post-exit or initial public offering, and help them build cross-border operations. The group is headed by Andre Salvi, whose prior BMO roles include serving as a private equity professional at BMO Capital Partners and leading partnerships with financial technology companies. He will be joined by Managing Directors Devon Dayton and Deirdre Bergin.

Hamilton Lane’s Mike Woollatt on Canadian tech’s ‘real moment’

SoftBank remakes venture in its image

The Vision Fund bets big on transportation and real estate, but also on shaping industries to its liking. Venture better take notice.

Jungle Ventures raises $175 mln for Southeast Asian deals

GV's Philippakis joins gene editing letter to HHS Secretary Azar

CIBC provides Whitecap's Fund IV with capital call facility

CIBC Innovation Banking has provided a capital call facility to the fourth early-stage technology fund of Canadian venture capital firm Whitecap Venture Partners. Terms weren't disclosed for the facility, which allows Whitecap IV to make investments in portfolio companies prior to calling capital from the fund's limited partners. Earlier this year, Toronto-based Whitecap initially closed Whitecap IV, securing most of its $125 million target. CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC.

Gambit Ventures targets $10 mln for sophomore fund

Gambit Ventures is seeking to raise $10 million for its second fund, according to an SEC filing. The early-stage venture firm invests in companies in the New York City area.