Managers

Flagship raising $350 mln opportunities fund

Flagship Ventures has set out to raise a $350 million opportunities fund, according to a filing with the SEC.

VR venture capital alliance launches with $10 bln fund

The Virtual Reality Venture Capital Alliance, a members-only organization focused on backing virtual reality, augmented reality and mixed reality startups, has launched with a $10 bln fund, according to an announcement on its site.

Kleiner Perkins raises $1.4 bln for new growth and core funds

Kleiner Perkins Caufield & Byers has raised $1.4 billion for its latest core and growth funds, according to a pair of regulatory filings.

On the Bleeding Edge: Need a 'Brexpert'? Get in line to talk to SoftTech's McLoughlin

Nova Scotia commits $25 mln to new venture fund

The government of Nova Scotia has made a $25 million commitment to a new venture capital fund. The fund, which will be private sector-led, aims to increase the amount of financing available to high-growth Nova Scotia startups. Innovacorp will lead a process to find an experienced business leader or firm to administer the fund and attract additional private investment. This process will be assisted by Rob Barbara, a general partner at Build Ventures; Charles Baxter, a vice-president at Innovacorp; Dominique Belanger, a managing director at BDC Capital; and Gilles Duruflé, a consultant.

The People Page: Pishevar’s Cup runneth over

Here’s how to make QSBS work for the entrepreneurial ecosystem

It’s time for Congressional reform to help boost U.S. entrepreneurialism, say three industry insiders

Barack Obama, venture capitalist?

Airbnb seeks funds valuing it at $30 billion, says source: Reuters

Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source told Reuters.

Siemens to invest $1.1 billion in new startups unit: Reuters

German industrial group Siemens plans to invest $1.1 billion over the next five years in a new startups unit to help it develop businesses in areas such as artificial intelligence and decentralized electrification.