Managers

Hamilton Lane opens Toronto office led by ex-CVCA CEO Mike Woollatt

500 Startups files to raise Fund V, said to be its largest to date

TandemLaunch raises initial $23 mln for BDC-anchored Fund III

TandemLaunch has raised $23 million in the first close of its third company creation and seed-stage fund. TandemLaunch Ventures III, expected to wrap up by the summer of 2019, secured a lead commitment of $5 million from BDC Capital. Other limited partners included Venture Capital Catalyst Initiative (VCCI), Harbor Street Ventures and more than 30 entrepreneurs and angel investors. Montréal-based TandemLaunch, founded in 2010 by General Partner and CEO Helge Seetzen, partners with global post-secondary institutions to launch synthetic startups in the consumer-electronics space. Fund III will support the creation of 20 new Canadian technology companies.

VCs on the Move: New Markets taps Chou a GP

Hatteras amasses $94 mln for sixth fund

Hatteras Venture Partners has raised $94 million for its sixth fund. The target is $200 million. The Durham, North Carolina-based venture firm makes seed and early-stage investments in health care.

Mogo to acquire tech investor Difference Capital Financial

Mogo Finance Technology Inc (TSX, Nasdaq: MOGO), a Vancouver-based online lender, has agreed to combine with Difference Capital Financial (DCF), a Canadian investor in late-stage technology companies. The deal will see each common share of Mogo exchanged for one DCF share. DCF currently holds a 23 percent stake in Mogo. It said the deal represents an equity value for Mogo of about $110 million. Following the combination, Mogo shareholders will own about 80 percent of the new entity, expected to be named Mogo Inc. Mogo said the new business will continue to execute on its "vision of building the leading fintech platform in Canada." It will assume control of DCF investments, including Hootsuite and Vision Critical.

TTV Capital rakes in nearly $88 mln for fifth fund

TTV Capital has raised nearly $88 million for its fifth fund, according to an SEC filing. The target is $125 million. The Atlanta-based venture firm invests in fintech businesses.

Health tech startup Medbelle snags $7 mln Series A

UK-based Medbelle, a health tech startup, has secured $7 million in Series A funding. Signals Venture Capital led the round with participation from Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and Cavalry Ventures.

Venture capital emerging manager roundup: Fifth Wall, Redmile, Kramilich’s Green Bay and more

Noro-Moseley Partners raised $144.4 mil towards a $150 mil eighth fund