Managers

Thrive Capital wraps up fifth fund at $700 mln

Thrive Capital Partners has closed its fifth fund at $700 million, according to an SEC filing. The New York-based venture firm reportedly raised $400 million for its previous fund.

Industry Ventures racks up over $400 mln for two funds

Industry Ventures has raised over $400 million for two funds: Industry Ventures Partnership Holdings IV LP, a fund of funds, and Industry Ventures Direct LP, an inaugural direct co-investment fund. Both funds will focus on making primary and early secondary investments in smaller venture funds as well as direct co-investments alongside venture funds previously backed by Industry Ventures. The funds' investors included government and corporate pension funds, insurance companies, endowments, foundations and high-net worth family offices.

On the Bleeding Edge: New VC-backed Prisma filter app is quite the draw

VC-backed Prisma app is drawing plenty of interest; Bonatsos gets married; Norwest party recall

Europe's Partech not par for the VC course

Five years ago, Paris-based IT and digital investor Partech Ventures began a radical restructure, the fruits of which are now ripening with four new funds spanning the breadth of the venture ecosystem

Data spotlight: Two U.K. biotechs lead Europe in money raised in June

Luxembourg unveils digital tech seed fund

The government of Luxembourg has launched a seed fund that will back digital tech startups. The fundraising target was not specified. Expon Capital is managing the fund.

500 Startups collects over $8 mln for TukTuks fund

500 Startups has raised over $8 million for its targeted $15 million TukTuks fund, according to an SEC filing. The fund will focus on promising startups in Thailand.

Data spotlight: Top venture-backed deals in June

Uber led all comers in the month with its $3.5 billion round

BDC and ATB to lend $1 bln to Alberta small businesses

The Business Development Bank of Canada (BDC) and ATB Financial have agreed to provide $1 billion to finance Alberta-based small and mid-sized companies. The federal and provincial financial institutions will each contribute $500 million in new loans under the program. BDC and ATB said the partnership shows their commitment to "to stand by Alberta businesses in good times and difficult times."

EES Ventures targets over $4 mln for inaugural fund

EES Ventures is seeking to raise over $4 million for its debut fund, according to an SEC filing. The Houston-based venture firm focuses on seed and early-stage companies that "impact energy, efficiency, and sustainability."