Managers

Former Salesforce exec Marcel LeBrun joins Real Ventures as venture partner

On the Bleeding Edge: 10.10.18

Glympse Bio snags $22 mln Series A

Cambridge, Massachusetts-based Glympse Bio Inc, a provider of a platform that detects human diseases, has raised $22 million in Series A funding. LS Polaris Innovation Fund and ARCH Ventures led the round with participation from Charles River Ventures, Gilead Sciences, Yonghua Capital, Inevitable Ventures, GreatPoint Ventures, Heritage Provider Network and Rivas Capital.

OMERS, Equinor anchor $60 mln initial close of ArcTern Fund II

ArcTern Ventures, a Canadian early-stage venture capital firm focused on the clean technology sector, has initially closed its second fund at $60 million. ArcTern Ventures Fund II, targeted to raise up to $150 million, was anchored in its first close with commitments from Ontario Municipal Employees Retirement System (OMERS) and Equinor ASA, a Norwegian energy company. Founded in 2012 by Managing Partners Murray McCaig and Tom Rand, ArcTern invests across six core clean technology sub-sectors: renewable energy, energy use and storage, circular economy, advanced manufacturing and materials, mobility, and agri-technology. The Toronto-based firm works in partnership with Canadian innovation hub and startup accelerator MaRS Discovery District.

Dragonfly to invest in cryptocurrencies with $100 mln maiden fund

San Francisco-based Dragonfly Capital Partners announced this morning its launch of a $100 million fund to invest in cryptocurrency deals. The firm is led by Managing Partners Alexander Pack, who previously headed network investing at Bain Capital Ventures, and Bo Feng, who previously was a founding partner of Ceyuan Ventures.The firm said it already has a portfolio of 20 companies, including Basis, Spacemesh and Oasis Labs. The fund's investors include Salil Deshpande of Bain Capital Ventures, Marc Andreessen and Chris Dixon of Andreessen Horowitz, Cyan Banister of Founders Fund, Olaf Carlson-Wee of Polychain Capital, Neil Shen of Sequoia China, and others.

Well-positioned cloud analytics unicorn Anaplan readies for IPO

Venture investments rise to largest quarter since dot-com boom

Ex-NEA partner Jon Sakoda to raise $500 mln Catalyst Lab fund

Former New Enterprise Associates General Partner Jon Sakoda has filed to raise a $500 million venture-capital fund under the name Catalyst Labs Fund I, according to a filing with the SEC.

Forerunner raises larger $360 mln fourth venture fund

Forerunner Ventures said it raised a $360 million fourth fund to continuing investing in early-stage companies in a market place that has become increasingly competitive.

Commonfund Capital wraps up 12th venture fund at $432 mln

Commonfund Capital has closed its twelfth venture fund at $432 million. The limited partners of Commonfund Capital Venture Partners XII include endowments, foundations and pensions.