Private Equity
Phoenix Venture Partners LLC has closed its second flagship venture fund at an undisclosed sum. PVP II LP's limited partners include Pfizer Inc., 3M, Corning Incorporated, Eastman Chemical Company, Solvay Group S.A., Showa Denko K. K. and W. L. Gore & Associates. The fund will focus on advanced materials startups.
2 min read · 27 March 2017
3 min read · 24 March 2017
London-based Venrex Investment Management is raising Venrex VIII, according to a filing with the SEC.
1 min read · 24 March 2017
1 min read · 24 March 2017
5 min read · 23 March 2017
Enterprise software company SAP has launched a seed fund that will invest in early-stage software startups. SAP has seeded SAP.iO Fund with an initial investment of $35 million. San Jose, California-based Parable Sciences Inc, a big data analytics company, is the first startup to secure funding from SAP.IO Fund. No financial terms were disclosed. Also, SAP.iO has launched a foundry program that will incubate early-stage startups that build software applications.
3 min read · 23 March 2017
3 min read · 23 March 2017
The Canadian Venture Capital and Private Equity Association (CVCA) has welcomed the federal government's decision to implement a new scheme to stimulate risk financing of Canadian technology entrepreneurs and startups. Ottawa's Budget 2017 unveiled the Venture Capital Catalyst Initiative (VCCI), a $400 million program to be administered by BDC Capital. Like the Venture Capital Action Plan (VCAP), a comparable program launched in 2014, VCCI will leverage private-sector capital to bring up to $1.5 billion into the market. It will give a particular focus to late-stage opportunities. CVCA CEO Mike Woollatt said VCCI will help "catalyse Canadian venture capital."
3 min read · 23 March 2017
Samsara BioCapital has set out to raise a $300 million venture fund, according to a filing with the SEC.
1 min read · 22 March 2017
Boston Seed Capital is seeking to raise $40 million for its third fund, according to an SEC filing. The firm focuses on internet-enabled businesses.
1 min read · 22 March 2017
