Managers

Lumicell attracts $28.7 mln Series C

Wellesley, Massachusetts-based Lumicell, a developer of a novel system that enables real-time detection of tumor tissue in patients, has raised $28.7 million in Series C financing. The investors included Launch Capital and BlueIO.

Bullpen’s Eric Wiesen on avoiding the investment herd and common VC mistakes

Nonaccredited investors flock to ICOs without VCs to vet the deals

Pappas Capital sells Rotation Medical to Smith & Nephew

Smith & Nephew plc has acquired Plymouth, Minnesota-based Rotation Medical, a developer of treatments for rotator cuff disease, for an initial cash consideration of $125 million. The seller was Pappas Capital.

Hollencrest Capital Management pulls in $3.25 mln for initial venture fund

Hollencrest Capital Management has raised $3.25 million for its debut venture fund, according to an SEC filing. Based in Newport Beach, California, Hollencrest Capital Management is an investment adviser.

Brightspark raises $6 mln in Kensington-led investment

Canadian early-stage venture capital firm Brightspark has raised $6 million in a round led by Kensington Capital Partners, a Canadian alternative investment firm. The proceeds will be used to advance Brightspark's investment model, launched in 2014, which leverages a network of more than 2,000 accredited investors. The firm said it expects to double the size of its team and increase its investment pace from the equivalent of a traditional $100 million fund to a $120 million fund, with deployments of $20 million to $30 million per year. Founded in 1999, Brightspark is led by Managing Partners Mark Skapinker and Sophie Forest.

Yaletown ups emerging-growth fund's target with C$100 mln first close

Yaletown ups emerging-growth fund's target with $100 mln first close

Yaletown Partners raised more than $100 million in initial commitments for its emerging-growth tech fund, encouraging the firm to bump up the pool's target, two people familiar with the matter told PE Hub Canada. Yaletown Innovation Growth Fund secured the capital in a first close in November, the sources said. It was anchored by a mix of new and returning limited partners, both domestic and international. With strong LP demand, the Vancouver firm adjusted the fund's original goal, the sources said. Yaletown is now seeking a minimum of $175 million and may go as high as $200 million if demand is sustained.

Sama Fund to raise $150 mln venture fund

Sama Fund has set out to raise a $150 million venture fund, according to a filling with the SEC.

Suster, Senkut, Lynn look ahead to 2018