Managers

Icon expands sixth fund to $375 mln, sells prior fund assets to Lexington

Icon Ventures, which backs Series B and C deals, announced it has expanded its current fund to $375 million from $265 million. Icon Managing General Partner Joe Horowitz said in a blog post the firm expanded its sixth fund to better compete in an environment that includes mega-funds and swelling round sizes. The firm said the expanded fund came with the support of current investors and by adding new investors, including Lexington Partners and the George Kaiser Family Foundation. Lexington Partners also completed a separate deal with Icon, acquiring all the remaining assets of Funds III and IV in a secondary transaction.

Belgium's Imec Xpand spots mega-opportunities in nanoelectronics

Tiger Global raises $3.75 bln in latest VC fund: Financial Times

Tiger Global’s latest venture capital fund has raised $3.75 billion, the Financial Times reported. The fund, Private Investment Partners XI, was initially seeking $3 billion, the story said. It will focus on consumer internet, cloud and industry-specific software, as well as direct-to-consumer companies in China, India and the US, the FT said.

September IPO Profiles: Eventbrite, biotech highlight busy month

Matchstick Ventures gathers over $12 mln for sophomore fund

Matchstick Ventures has raised over $12 million for its second fund, according to an SEC filing. The target is $25 million. The Minnesota-based venture firm invests in early-stage tech companies.

Future Family takes in $10 mln Series A

Future Family, which offers monthly payment solutions for fertility services, has raised $10 million in Series A funding. Aspect Ventures led the round with participation from iNovia, BBG Ventures, LaunchCapital, RiverPark Ventures, Ulu Ventures, Day One Ventures and Portfolia. In addition to the funding, Aspect Ventures Partner Lauren Kolodny will join the Future Family's board of directors.

Alumni Ventures Group collects nearly $30 mln for three funds

Alumni Ventures Group has raised nearly $30 million for its three annual funds: Green D Ventures, Chestnut Street Ventures, and Purple Arch Ventures. The funds enabled alumni from Dartmouth, University of Pennsylvania and Northwestern, respectively, to back ventures of fellow alums. Each fund raised $7.5 million to $10 million.

Post Venture Capital Index falls back in September

First Round Capital seeks $220 mln

Early-stage investor First Round Capital is seeking to raise $220 million for its seventh fund, according to a pair of regulatory filings. The fund is 25 percent larger than the $175 million it raised for fund VI in 2016. Since the last fund, the firm named Hayley Barna a general partner, promoting her from venture partner. She previously was co-founder and co-CEO of Birchbox.

Addiction recovery app WEconnect fetches $6.06 mln Series A

WEconnect, an addiction recovery app, has secured $6.05 million in Series A funding. The investors include Fred Luddy, founder of ServiceNow; Larry Leeds Jr. from Buckingham Capital; and Mark Ein, CEO of Venturehouse Group.