Managers

KRC announces first close of debut fund

King River Capital, a new venture firm that provides funding to early-stage software companies in Australia and overseas, has raised an undisclosed amount of funding in the first close of its debut fund. Also, KRC has invested in two Australian companies: FinClear, an wholesale financial services provider; and Cover Genius, an insurtech startup. KRC is seeking to invest in 15 to 20 companies with an average investment of A$10 million over three to four years.

137 Ventures Fund IV closes on $210 mln

137 Ventures said March 12 that its fourth fund closed on $210 million. Ching Wu joined 137 as an operating partner and head of investor relations, while the firm promoted Andrew Hansen to operating partner, COO and CFO. 137 ventures, of San Francisco, provides liquidity solutions to founders, investors, and early employees of high-growth companies.

A list of SoftBank Vision Fund investments

International startups can speed the growth of entrepreneurial ecosystems

Versant Ventures is raising $150 million towards an opportunity fund

Lo Toney raises $35.1 mln for his Plexo Capital I

Lo Toney has raised $35.1 million for his venture-capital fund, Plexo Capital I, according to a filing with the SEC.

Africa Healthcare Network procures funding

Africa Healthcare Network, which runs a chain of kidney care and dialysis centers across East Africa, has raised an undisclosed amount of funding. The investors were Africa Healthcare Fund/Asia Africa Investment & Consulting Pte Ltd and return backer Polaris Partners.

HealthJoy scores $12.5 mln Series B

Chicago-based HealthJoy, a healthcare guidance and engagement platform, has raised $12.5 million in Series B financing. U.S. Venture Partners led the round with participation from other investors that included Epic Ventures, Chicago Ventures and Sidekick Ventures. In addition to the funding, Dr. Jonathan Root, a general partner at U.S. Venture Partners, will join HealthJoy's board of directors.

Maniv Mobility snags funding from Lear Corp

Lear Corporation has made an investment in Israel-based Maniv Mobility, a venture firm focused on mobility tech. No financial terms were disclosed.

Cultivate (MD) Capital backs MDC

Genesis Innovation Group's cultivate(MD) Capital has made an investment in Magnesium Development Company. No financial terms were disclosed. Based in Grand Rapids, Michigan, MDC is a medical equipment manufacturer.