Managers

Highland Capital Partners raises $170.7 mln for tenth venture fund

Highland Capital Partners has raised $170.7 million toward a $300 million tenth venture-capital fund, according to a filing with the SEC.

RRE Ventures raises $265 mln seventh venture fund: report

RRE Ventures has raised a $265 million seventh venture-capital fund, according to a news report on TechCrunch.

Fifth Wall Ventures collects $100.8 mln for sophomore fund

Fifth Wall Ventures has raised $100.8 million for its second fund, according to an updated SEC filing. The target is $400 million.

Dementia Discovery Fund racks up $350 mln

Dementia Discovery Fund has raised $350 million, beating its $200 million target. DDF's investors include Bill Gates, AARP, Aegon, Quest Diagnostics and British Patient Capital. Based in Boston and London, DDF focuses on backing companies that develop dementia drugs.

Akero Therapeutics scores $65 mln Series A

Cambridge, Massachusetts-based Akero Therapeutics Inc, a biotechnology company focused on treating non-alcoholic steatohepatitis and other serious metabolic diseases, has raised $65 million in Series A financing. Apple Tree Partners, Atlas Venture, venBio Partners and Versant Ventures led the round.

M&A exits poised to surge in 2018, as fundraising also remains robust

The verdict is in: Spotify’s direct listing is an unqualified success

Jay-Z to launch venture firm with Walden's Larry Marcus

Nova Scotia commits $15 mln to new early-stage venture fund

The Government of Nova Scotia plans to commit $15 million to a new venture capital fund that will invest in early-stage technology companies in the province and elsewhere in Atlantic Canada. The new vehicle will be led by Patrick Hankinson, an entrepreneur and investor who co-founded Tether.com and Compilr. According to Entrevestor, Hankinson is expected to raise additional commitments, potentially increasing the fund's capital base to approximately $17.5 million to $20 million. It will operate in tandem with a late-stage fund launched in 2017 with a $15 million commitment. That fund is managed by Canadian venture capital firm Build Ventures.

French group Danone's venture capital fund eyes 20-25 deals by 2020: Reuters

Danone Manifesto Ventures (DANO.PA), an investment fund set up by the French food giant to target start-up companies challenging the dominance of big brands, expects to have invested in 20-25 such firms by 2020, Reuters reported.