Managers

VCs on the Move, recap from February

First Star Venture Fund II targets $50 mln

Boston-based First Star Venture Fund II LP is seeking to raise $50 million, according to an SEC filing. Andrew Volpe and Ruiyi Liu are listed as general partners on the document.

Reading the tea leaves on the Trump Administration

Hummer Winblad collects almost $30 mln for seventh fund

Hummer Winblad Venture Partners has raised almost $30 million for its seventh fund, according to an SEC filing. The target is $125 million. Based in San Francisco, the venture firm invests in early-stage enterprise software companies.

Former OMERS PE pro Lisa Melchior eyes late-stage tech with VERTU launch

Lisa Melchior, a former managing director of OMERS Private Equity, has launched a new investment firm that targets a key capital gap faced by Canada’s late-stage tech companies. Melchior, a 17-year OMERS veteran, founded VERTU Capital in November. She told PE Hub Canada the decision was inspired by her belief that many quality Canadian tech companies lack sufficient funding to leverage early commercial success. “I spent over 20 years on Bay Street in an institutional environment, much of it leading OMERS North American technology group,” Melchior said. “When I left, I felt I wanted to work with entrepreneurial teams and tech companies seeking breakout growth and needing a partner to get there.”

Oak HC/FT targets $500 mln for second venture growth fund

VC-backed AutoFi seeks new funding

Banyan Capital collects $350 mln for third venture fund

China-focused early stage investment firm Banyan Capital has raised $350 million for its third venture fund, according to an SEC filing. Two years ago, the firm closed its second fund at $362 million.

Benchmark, Lightspeed see big gain from Snap’s IPO

Early-stage investor Real Ventures partners in Techstars’ Canadian expansion