Managers

Georgian Partners closes fourth tech fund at $715 mln, continues hiring spree

Georgian Partners has raised about $715 million (US$550 million) for its fourth growth equity fund, winning a strong vote of confidence from limited partners for the firm’s North American scaling strategy. Georgian Partners Growth Fund IV closed this week at its hard cap, the Toronto investor told PE Hub Canada. The fund, Georgian's largest to date, secured 47 percent more than its predecessor, which raised about $485 million in 2016. It is also one of Canada’s largest private tech partnerships on record, according to Thomson Reuters data.

Felicis Ventures rakes in $270 mln for sixth fund - Updated

Felicis Ventures has raised $270 million for its sixth fund, according to an SEC filing. The Menlo Park, California-based venture firm "backs iconic companies reinventing existing markets and creating frontier technologies," according to Crunchbase.

Information VP scores big with $1.55 bln sale of Adaptive Insights

Calcivis grabs funding

Calcivis, a Scottish medical device company, has raised 3.15 million pounds in funding. The investors were Archangel Investors, Julz and the Scottish Investment Bank.

New Brunswick commits $10 mln to Build Ventures Fund II

The New Brunswick government has committed $10 million to Build Ventures Fund II, the second early-stage technology fund of Canadian venture capital firm Build Ventures. Halifax-based Build, which targets opportunities in clean technology, life sciences, information technology and other high-growth sectors in Atlantic Canada, raised $65 million for Build Ventures Fund I in 2013. Fund I invested in five New Brunswick companies, including Fredericton-based agricultural predictive analytics provider Resson, which closed a $14 million Series C financing earlier this year. Build is led by General Partners Patrick Keefe and Rob Barbara.

Foundry Group raises $750 mln for early-stage, growth and partnership investments

Azure Capital Partners to raise growth fund

Azure Capital Partners has set out to raise a growth fund, according to a filing with the SEC.

Better Ventures targets $35 mln for third venture fund

Better Ventures is raising a third venture fund targeted at $35 million, according to a regulatory filing. The Oakland-based firm makes early-stage investments in sectors including education technology, healthcare, and clean energy, according to its website. It is led by Wesley Selke and Richard Moss. The filing lists no investors.

Nyca raises about two-thirds of its $200 mln target

Fintech-focused Nyca Partners has raised $129 million for its third fund, which is targeted at $200 million, according to a regulatory filing. The filing says Nyca has raised the commitments from 47 investors. The New York firm, which was launched in 2014 by Managing Partner Hans Morris, a long-time Citigroup banker and former president of Visa, raised $125 million for its previous fund.

Flare Capital sets $200 mln target for sophomore fund

Flare Capital Partners is seeking to raise $200 million for its second fund, according to an SEC filing. The Boston-based firm backs early-stage and emerging healthcare technology companies.