Managers

SEC levies fines against 10 firms for pay-to-play violations

Israeli VC funds expected to reach $1.6 bln in 2017, says IVC data

Israeli vintage-2016 venture funds raised $1.4 billion and are expected to raise another $200 million in 2017, which would put the total for the vintage year 6.7 percent above vintage 2015. In 2016, 23 venture funds raised money compared with 19 in vintage 2015, the IVC Research Center, the trade group for the Israeli VC industry, said in a report.

Serena Capital launches fund to invest in big data, artificial intelligence

Serena Capital said Jan. 17 that it has launched Serena Data Ventures, a fund dedicated to investing in big data and artificial intelligence in Europe. Institutional investors and large corporate groups have committed close to 80 million euros ($85.7 million) to Serena Data Ventures. The new fund will invest between 500,000 and 3 million Euros in the first financing rounds. Serena Data has invested in Heuritech, a French startup that specializes in deep learning technologies.

500 Startups taps Partner Arjun Arora to lead its fundraising efforts

Ontario seeks VC to manage $55 mln-seeded cleantech fund

Ontario Capital Growth Corp (OCGC), the Ontario government's venture capital agency, has launched a search process for one or more managers to help it form and administer a proposed Cleantech Equity Fund. The fund, which will be anchored with $55 million authorized by the 2016 Ontario Budget, will focus on investing in high-growth clean technology companies located in the province. The government's anchor commitment is expected to leverage a minimum of 1.5x its weight in commitments from other investors. OCGC said it will participate in the fund on the same terms as other limited partners.

European venture capital rebounds in Q4 with fundraising and investing rising

European venture capital rebounded in the fourth quarter with both money raised and capital invested rising, according to Dow Jones VentureSource.

Salveo Capital collects $1.69 mln for $25 mln-targeted debut fund

Chicago-based Salveo Capital, a venture firm focused on investing in the legal cannabis sector, has raised $1.69 million for its inaugural fund, according to an SEC filing. The target is $25 million.

New fund-of-funds focuses on boosting Europe’s small funds

Claritas collects $40 mln for fund

Claritas Capital has raised $40 million for its latest fund, according to an SEC filing. Based in Nashville, Claritas focuses on healthcare, technology and business services.

Qiming to raise $125 mln U.S. health care fund

Chinese venture capital firm Qiming Venture Partners has set out to raise a $125 million U.S. health care fund, according to a filing with the SEC.