Private Equity
San Francisco-based Fuel Capital, which raised more than $46 million in 2016 for its second fund, is seeking to raise $75 million for its third early-stage fund, according to a regulatory filing. Listed as partners on the filing are Founding Partner Chris Howard, a former seed-stage investor at Ignition Partners, and Leah Busque, the TaskRabbit founder who joined the firm last fall as its second general partner.
1 min read · 30 July 2018
Blue Lake Capital has raised $138.9 million for its second fund, according to an SEC filing. The target is $200 million. The Chinese venture firm focuses on a wide number of sectors that include technology, media, telecommunications, big data, travel, education and auto sectors.
1 min read · 30 July 2018
6 min read · 30 July 2018
March Capital Partners has raised over $120 million for its second fund, according to an SEC filing. The target is $150 million. The Santa Monica, California-based venture firm backs tech companies.
1 min read · 27 July 2018
South San Francisco-based Sutro Biopharma Inc, a drug developer, has secured $85.4 million in Series E financing. Samsara BioCapital and Surveyor Capital led the round with participation from other investors that included Alta Partners, Amgen Ventures, Celgene Corporation, Lilly Ventures, Skyline Ventures and SV Health Investors. In addition to the funding, Dr. Mike Dybbs, a partner at Samsara BioCapital, will join the Sutro board of directors.
1 min read · 27 July 2018
5 min read · 27 July 2018
UK-based Healx, a developer of treatments for rare diseases, has secured $10 million in Series A funding. Balderton Capital led the round with participation from other investors that included Amadeus Capital Partners.
6 min read · 26 July 2018
3 min read · 26 July 2018
Hippocrates Ventures is launching a debut venture fund with a minimum of $10 million. The fund will focus on digital therapeutics. Its investors consists of 250 doctors.
3 min read · 26 July 2018
Business Development Bank of Canada (BDC) today provides financing and advisory services to 56,000 entrepreneurs, a record number and up 14 percent from last year, according to BDC's fiscal 2018 annual report. Capital managed by BDC Capital, the mezzanine, growth equity and venture capital investment arm of BDC, currently totals more than $3 billion, the report said. The mid-market portfolio of the Growth and Transition Capital division also reached a major milestone in fiscal 2018, exceeding $1 billion in investments. BDC reported earned consolidated net income of $818.3 million in fiscal 2018 as well as a payment of a $69.7 million dividend to the Canadian government.
5 min read · 26 July 2018
