Managers

True Ventures wraps up two funds at combined $635 mln

True Ventures, a backer of Blue Bottle Coffee, Fitbit, Madison Reed and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.True Ventures, a backer of Blue Bottle Coffee, Fitbit and Ring, announced today the closing of its sixth early-stage fund at $350 million and its third Select Fund at $285 million. The firm, with offices in San Francisco and Palo Alto, announced in 2017 a $112 million second select fund to make growth investments in its portfolio companies, and it raised $310 million for its fifth fund in 2016.

USVP's Toncheva learned hard life lessons and passes them on to founders

Polymath Ventures plans $100 mln Latin American fund

Polymath Ventures is planning a $100 million fund that will develop and invest in high-impact companies in Latin America. Based in Colombia and Mexico, Polymath is company builder focused on the middle class in emerging markets.

H1 nets $6 mln from Shore Group

New York-based H1, a provider of live data insights to help fight diseases, has raised $6 million in funding. The investor was Shore Group.

Healthcare tech company 98point6 attracts $50 mln Series C

Seattle-based 98point6, a healthcare tech company, has raised $50 million in Series C funding. Goldman Sachs was the lead investor.

Visla Labs inks $3 mln seed

San Francisco-based Visla Labs, an AI medical diagnostics platform for radiology, has raised $3 million in seed funding. Lux Capital led the round.

Intabio picks up $9.5 mln Series A

Silicon Valley-based Intabio Inc, a provider of an analytical platform for the development of biotherapeutic drugs, has raised $9.5 million in Series A financing. Northpond Ventures led the round with participation from other investors that included Genoa Ventures and Vertical Venture Partners.

Fintech investor Portag3 raises $198 mln in first close of Fund II

Portag3 Ventures, the financial technology firm of Canadian holding company Power Corp, has secured $198 million in the initial close of its second fund. Portag3 Ventures II LP, which is targeted to raise more than $300 million, was backed in the first close by Power affiliates and third-party investors. The latter include National Bank of Canada, Intact Financial Corp, Guardian Capital Group, Equitable Bank, La Capitale and SSQ Insurance. Fund II will maintain Portag3's strategy of investing in early-stage companies and funds in the global financial technology sector. Since its launch in 2016, the firm has made more than 30 investments. Portag3 is led by President and Managing Partner Adam Felesky.

Costanoa leads funding in health savings accounts provider Lively

San Francisco-based Lively Inc, which operates a Health Savings Account platform, announced it has raised $11 million in a Series A funding round led by Costanoa Ventures. Other investors include Y Combinator, Point Judith Capital and Transmedia Capital. As part of the financing, Costanoa Partner Mark Selcow will join the board.

Food quality tester Clear Labs raises $21 mln

Menlo Park, California-based Clear Labs, provider of a platform for food safety testing, announced it has raised $21 million in funding. The Series B2 round was led by Menlo Ventures, with participation from Wing VC, Dentsu Ventures, Felicis Ventures and Khosla Ventures, along with a number of food production companies. The company, founded in 2014, has now raised $45 million in total funding.