Managers

Caisse helps Luge Capital raise most of debut fintech fund’s $100 mln target

Luge Capital has launched to invest in early-stage fintech companies with the backing of one of Canada’s largest institutions and the support of one of its top venture firms. Luge today said it raised an initial $75 million for its inaugural fund. It plans to secure the rest of the $100 million target over the next few months. The fund raised capital commitments from five limited partners: Caisse de dépôt et placement du Québec, Desjardins Group, Sun Life Financial, Fonds de Solidarité FTQ and La Capitale.

Govtech evangelist Bouganim raises $25 mln Fund II, eyes international expansion

Caisse helps Luge Capital raise most of debut fintech fund’s C$100 mln target

Wave Capital nears new target of $60 mln with maiden venture fund

Wave Capital has raised $53.2 million toward a $60 million maiden venture fund, according to a regulatory filing. The latest filing is an increase of the total offering amount for the fund, which was $35 million, according to a previous filing in February 2018.

QED Investors to raise $150 mln fifth venture-capital fund

QED Investors has set out to raise a $150 million fifth venture-capital fund, according to a filing with the SEC.

Lockheed Martin doubles venture fund to $200 mln

Bethesda, Maryland-based Lockheed Martin, a global security and aerospace company, has doubled its venture fund to $200 million. Lockheed Martin will focus the additional capital on early-stage companies in the areas of sensor technologies, autonomy, artificial intelligence and cyber.

Health tech company iBeat snags funding

San Francisco-based iBeat, a health tech company, has secured an investment of "seven figures" from SCOR Life & Health Ventures and Transamerica Ventures. The capital infusion will be used to advance product marketing and expansion for its Heart Watch, a heart monitoring device.

Goldcrest Capital to raise $125 mln venture capital fund

Goldcrest Capital has set out to raise a $125 million venture-capital fund, according to a filing with the SEC.

UVC seeks opportunities in Germany’s industrial-tech economy

Novacap, Real Ventures win CVCA’s 2018 deal of the year awards

Novacap and Real Ventures are the 2018 recipients of the Canadian Venture Capital & Private Equity Association‘s (CVCA) Deal of the Year awards. Real Ventures won in the venture capital category for its 2017 sale of location-based marketing analytics and automation company SweetIQ to Gannett Co Inc. The exit generated a 66 percent IRR and a 5.6 x cash-on-cash multiple. Novacap won in the private equity category for its 2017 sale of drug discovery software provider Chemical Computing Group to Altaris Capital Partners. The exit generated a 48 percent IRR and a 7.6 x multiple on invested capital. Novacap and Real Ventures are both based in Montréal.