Managers

Congruent Ventures raises $37 mln toward $50 mln maiden venture fund

Congruent Ventures has raised $37 million toward a $50 million maiden venture fund, according to a filing with the SEC.

Polychain Ventures raising indefinite fund

Polychain Ventures is raising a venture fund of indefinite size, according to a regulatory filing. The San Francisco-based firm is managed by Olaf Carlson-Wee, who manages the hedge fund Polychain Capital, which invests in blockchain technology assets. Polychain Ventures does not yet appear to have a website. The filing lists no investors.

Israeli tech-focused UpWest Labs collects over $18.3 mln for third fund

UpWest Labs has raised over $18.3 million for its third fund, according to an SEC filing. The target is $20 million. Silicon Valley-based UpWest Labs invests in Israel's tech entrepreneurs.

Estonia-based Tera Ventures targets 55 mln euros for second fund

Tera Ventures, an Estonian venture firm, is seeking to raise 55 million euros for its second fund. The fund will invest in about 30 seed-stage technology startups in Estonia, Scandinavia, and Central and Eastern Europe.

Cybersecurity in 2018: broader scope of innovation and bigger venture dollars

Canopy targets $50 mln growth-stage fund to target cannabis sector

Startups see easier time raising money this year

The numbers powering Spotify’s $21 billion+ IPO

VC-backed STORM Therapeutics appoints Nobel Prize winner as scientific adviser

UK-based STORM Therapeutics, a developer of small molecule inhibitors of RNA-modifying enzymes to treat cancer, has named Thomas Cech as a scientific adviser. Cech, who won the Nobel Prize in Chemistry in 1989, is a professor of chemistry and biochemistry at University of Colorado, Boulder and a director of the University of Colorado BioFrontiers Institute. STORM is backed by Cambridge Innovation Capital, Merck Ventures, Pfizer Ventures, Touchstone Innovations and Taiho Ventures LLC.

Playtika Growth launches, to invest up to $400 mln in Israeli companies

Playtika Ltd has formed a new investment arm Playtika Growth Investments. Based in Israel, Playtika Growth plans to invest up to $400 million in Israeli digital entertainment and consumer internet companies.