Managers

Y Combinator to raise second and third venture funds

Y Combinator submitted financial documents for a second and third venture fund, according to filings with the SEC.

Health engagement company Revel fetches over $17 mln

Minneapolis-based Revel, a health engagement company, has raised over $17 million in funding. The investor was TT Capital Partners.

Lux Capital to raise $300 million co-investment fund

Lux Capital has set out to raise a $300 million co-investment fund, according to a filing with the SEC.

Mindset Ventures targets $25 mln for sophomore fund

Brazil-based Mindset Ventures is seeking to raise around $25 million for its second fund. The fund will focus on investing between $200,000 and $1 million apiece in startups in the U.S. and Israel.

Mike Arrington launches $100 mln cryptocurrency hedge fund

Mike Arrington announced today the launch of Arrington XRP Capital, a new $100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple. Arrington, the founder of startup news site TechCrunch and venture firm CrunchFund, announced the fund in a blog post and at the Consensus Invest conference in New York.

OrbiMed, Canaan, W Capital top maturing venture portfolio at UC

UnitedHealthGroup's Optum launches $250 mln venture fund

UnitedHealthGroup's health services business Optum has launched Optum Ventures, a $250 million venture fund. Optum Ventures will focus on digital health companies.

NFX raises $150 mln early stage fund

NFX has raised a $150 million early stage fund, according to a blog post and a filing with the SEC.

Genesis Innovation Group launches $10 mln venture fund

Holland, Michigan-based Genesis Innovation Group, a developer of medical device technologies, has launched a $10 million venture fund. Cultivate(MD) Capital Fund I will focus on backing early-stage healthcare companies, with a special emphasis on medical device and orthopedic technologies.

Root Ventures targets $75 mln for sophomore fund

Root Ventures is seeking to raise $75 million for its second fund, according to an SEC filing. The San Francisco-based venture firm invests in hardware, development tools, and data science.