Managers

Medicxi wraps up late-stage growth fund at $300 mln

Medicxi has closed its late-stage growth fund at $300 million. Medicx will focus on the European life sciences sector. The investors in Medicxi Growth 1 include Novartis, Verily and the European Investment Fund.

500 Startups raises $35 mln for oversubscribed Japan fund

VCs, entrepreneurs worry over fate of Obama-era immigration rule

Palo Alto Networks forms $20 mln venture fund

Santa Clara, California-based Palo Alto Networks, a next-generation security company, is launching a $20 million venture fund. The fund will invest in early-stage cloud-based security startups. It will work with Greylock Partners and Sequoia Capital to identify and evaluate potential co-investments.

500 Startups raises more than $35 mln for Japan fund

500 Startups has raised an oversubscribed $35.28 million for a $30 million targeted fund focused on Japan, according to a regulatory filing. The filing said commitments were raised by 19 LPs. 500 Startups Japan is headed up by Managing Partner James Riney, who previously was a principal with DeNA‘s venture arm and before that was founder and chief exectuive of ResuPress in Tokyo.

MetaProp targets $25 mln second fund

MetaProp Ventures announced a second fund targeted at $25 million, according to a regulatory filing. The New York-based firm is led by Aaron Block, Zachary Aarons, Zachary Schwarzman and Clelia Peters and invests in real estate technology startups, according to its website. In 2015, the firm raised an unspecified amount, according to Thomson Reuters.

Generator Ventures raises $51.4 mln toward venture fund

Generator Ventures has raised $51.4 million toward a venture capital fund, according to a filing with the SEC.

Venture capital falls behind ICOs in blockchain startup funding

EVP unveils new fund to bring global startup teams to Canada

Canadian venture capital firm and accelerator Extreme Venture Partners (EVP) has unveiled a third fund focused on immigrating international startups. The fund and EVP's accelerator will work in conjunction with Ottawa's Startup Visa Program to vet the companies abroad. If accepted, up to five members of a startup team and their families will be immigrated to a Canadian location of their choice. Initial investments of $50,000 to $100,000 will be made in more than 30 startups, which will also receive mentoring and other resources. EVP said it expects the fund initiative to result in some $25 million invested privately in up to 50 companies.

Extreme Venture Partners unveils third fund with focus on international startups

Toronto-based Extreme Venture Partners has launched its third fund, which will focus on immigrating international startups. No target was specified. According to the venture firm and accelerator, the fund is planning on backing up to 50 startups, investing between $100,000 and $500,000 apiece.