Managers

VC-backed stocks reach their highest mark of the year

The PVCI ended July at 977.49 points

Understanding the Traction Gap

A Series B crunch may be upon us, and companies not focused on fundamentals are likely to have a difficult time raising subsequent rounds.

Bank of Canada backs small business fund by lenders: Reuters

The Bank of Canada wants the country's banks to start a fund that would invest in small- and medium-sized businesses in Canada to help foster better global expansion for domestic companies, Reuters reported, citing a story by the Globe and Mail. The plan would see banks and potentially pension funds and insurers put money into a private sector fund of at least $1 billion that would make debt and equity investments of $2 million to $20 million in Canadian companies.

BioVentures Investors targets $100 mln for fourth fund

BioVentures Investors has raised $29.3 million for its fourth fund, according to an SEC filing. The target is $100 million.

Venture shows resilience as Series B deals hold their own

Series B rounds are getting harder to complete these days. So goes the common wisdom among venture capitalists. Trouble is the investment numbers so far this year don’t reflect the caution.

IPO Aftermarket: Market keeps slowing as just three new issues debut in July

Talend was the largest overall offering in June, raising about $95 million

Startup Canada and Evolocity launch women founders fund

Startup Canada has partnered with Evolocity Financial Group to launch the Startup Canada Women Founders Fund. The fund, the size of which was not disclosed, will provide micro-grants to women entrepreneurs and women-led companies across Canada. Applications for grants are open until August 31st. Recipients will also have access to Startup Canada's network, where they can obtain exposure, skills training, mentoring and support. Based in Montréal, Evolocity is a provider of small business financing.

Keiretsu Capital collects over $4.1 mln for second co-investment fund

Keiretsu Capital has raised over $4.1 million for its second co-investment fund, according to an SEC filing. Last year the firm closed $6.05 million for its initial co-investment fund.

AI applications in healthcare are drawing strong VC interest

VCs are seeing that AI technology could improve health and could eventually have a high payoff for investments, too

Binary Capital wraps up latest fund at $175 mln

Binary Capital has closed its latest fund at $175 million, reported TechCrunch. The San Francisco-based consumer tech-focused venture firm raised $125 million for its debut fund in 2014.