Managers

Dashboard: Fundraising dips slightly in January as M&A soars

Ovo Fund raises $17.2 mln toward seed fund

Ovo Fund has raised $17.2 million toward a $40 million fund II, according to a filing with the SEC.

Valor Capital targets $100 mln for second fund

Valor Capital Group is seeking to raise $100 million for its second fund, according to an SEC filing. The firm focuses on cross-border opportunities in the United States and Brazil and has offices in New York, Silicon Valley and Brazil.

VC-backed stock index surges to highest mark in nearly three years

Precision Capital collects $66.6 mln for second growth fund

Precision Capital has raised $66.6 million for its second growth fund, according to an SEC filing. No target was specified in the document.

MaRS Discovery District gets $290 mln financing to repay loans: Reuters

Major Canadian insurance firms are investing $290 million in a Toronto-based research complex, repaying the bulk of its loans from the Ontario government nearly three years ahead of schedule, Reuters reported. Manulife Financial Corp, Sun Life Financial Inc and iA Financial Group led the financing deal by investing in 19-year bonds issued by Phase II Investment Trust, the innovation hub said. MaRS Discovery District, which focuses on areas including health sciences and technology, has become a successful startup incubator and a part of Ontario's efforts to drive innovation and attract entrepreneurs.

NOMO Ventures targets $25 mln for initial fund

NOMO Ventures is seeking to raise $25 million for its maiden fund, according to an SEC filing. Rahul Prakash and Kate Rohacz are listed as general partners on the document.

Venrock raises $450 mln eighth fund

Venrock has raised $450 million for an eighth fund, according to an SEC filing and news reports.

Greycroft raises $250 mln for second growth equity fund

Greycroft has closed its oversubscribed second growth equity fund at a hard cap of $250 million. Greycroft Growth II will focus on making expansion rounds from the firm’s existing early stage venture funds as well as make new investments. As a result of this fund-closing, the venture firm currently manages more than $1 billion, according to Greycroft. Also, Greycroft has promoted Dylan Pearce to partner.

MaRS completes $290 mln private deal to refinance West Tower

Toronto innovation hub MaRS Discovery District has completed a $290 million private financing of its West Tower, which offers more than 1.5 million square feet to research labs, startups and other groups. The proceeds of the deal, which was led by Manulife, Sun Life Financial and iA Financial Group, will be used to repay most of the loans provided to MaRS by the Ontario government almost three years ahead of schedule. Ilse Treurnicht, CEO of MaRS, said the refinancing will allow West Tower to be become "entirely self-sustaining, putting MaRS on stable footing for decades to come." MaRS reports that ventures within its network raised $2.6 billion in capital between 2008 and 2015.