Managers

Round13 Capital raises $95 mln for growth-stage venture fund

Canadian venture capital firm Round13 Capital has closed a $95-million fund earmarked for investments in growth-stage companies. Commitments were provided by high-net-worth investors and family offices, as well as Labourers’ Pension Fund of Central and Eastern Canada and National Bank. Led by Bruce Croxon, co-founder of Lavalife, and John Eckert, co-founder of McLean Watson Capital, Round13 invests up to $5 million in Canadian technology companies looking to scale. Its new fund has already backed three Toronto startups: wireless retail service Statflo, cloud accounting platform Hubdoc, and point-of-sale restaurant app TouchBistro.

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Quest Venture Partners targets $40 mln for third fund

Quest Venture Partners is seeking to raise $40 million for its third fund, according to an SEC filing. The Palo Alto, California-based venture firm invests between $100,000 and$1.5 million in technology and new digital media companies, with typical investments being around $500,000, according to Crunchbase.

K9 says $42 mln third pre-seed fund will continue selective investment strategy

Dragos raises $10 mln as first outside-financed DataTribe company

Carmel Ventures to raise a fifth venture fund

Carmel Ventures has set out to raise a fifth venture fund, according to a filing with the SEC.

Uber investor sues to force former CEO Kalanick off board: Reuters

Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, Reuters reported citing a lawsuit.

ClearSky collects $168.3 mln for maiden security fund

ClearSky has raised $168.3 million for its debut security fund, according to an SEC filing. The target is $300 million. ClearSky Security Fund I LLC will invest in companies that offer "transformative solutions" for the cybersecurity, industrial security and critical infrastructure security sectors.

More evidence of rising valuations in venture

Khosla must open beach-access gate, California court rules