Private Equity
Big data investor Data Collective has raised $177.45 million in commitments for its fourth fund, according to a regulatory filing. The fund is about 20 percent larger than its third fund, which raised $148.4 million and closed in 2014, according to Thomson Reuters. The fourth fund was initially targeted at $155 million, according to a regulatory filing from March.
1 min read · 27 May 2016
Big data investor Data Collective has raised $177.45 million in commitments for its fourth fund, according to a regulatory filing. The fund is about 20 percent larger than its third fund, which raised $148.4 million and closed in 2014, according to Thomson Reuters. The fourth fund was initially targeted at $155 million, according to a regulatory filing from March.
1 min read · 27 May 2016
Avrio Capital and Novacap are the 2016 recipients of the Canadian Venture Capital & Private Equity Association's (CVCA) “Deal of the Year” awards. Calgary-based Avrio won in the venture capital category for last year’s sale of Fresh Hemp Foods Ltd, a natural foods producer, to U.S. private equity firm The Compass Group. The deal, profiled last July by PE Hub Canada, gave Avrio almost 8.67 times its invested capital and an internal rate of return of 48.24 percent. Montréal-based Novacap won in the private equity category for last year’s public sale of Stingray Digital Group, a music provider and media platform. The sale, profiled last June by PE Hub Canada, gave Novacap about 7.9 times its invested capital and an internal rate of return of 33.8 percent.
4 min read · 26 May 2016
Intel Capital has decided not to sell a large piece of its portfolio, concluding a review of its investments with the intent to keep and support the companies.
2 min read · 26 May 2016
With a record number of deals and dollars raised in 2015, will the robotics sector slow down or heat up further?
4 min read · 26 May 2016
Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers, Reuters News reported.
1 min read · 26 May 2016
Menlo Ventures launches Fuel, its offering of portfolio services for young companies and which continues to be a big priority for venture firms
2 min read · 25 May 2016
Slack led the way in the tech category, announcing a $200 million round in the month
1 min read · 24 May 2016
Canadian venture capital firm TandemLaunch has secured $12 million in the first close of its third fund, TandemLaunch Ventures II. BDC Capital was the lead investor in the fund, committing $4 million, with the balance accounted for by Guy Laliberté's Lune Rouge Innovation, Speed of Trust Ventures, YUL Ventures, Nathalie Marcoux and Jean-Francois Grenon. Founded in 2010 by General Partner Helge Seetzen, TandemLaunch creates, incubates and provides seed funding to companies in consumer electronics and multimedia technologies. Its portfolio investments include Landr Audio, Mirametrix, which PE Hub Canada profiled along with TandemLaunch in June 2014, and Sportlogiq.
3 min read · 24 May 2016
Newark Venture Partners has closed on $23 million toward a $50 million fund, according to a press release. The newly created Newark, N.J.-based firm, founded by Audible founder Don Katz, attracted limited partners including Audible, an Amazon company, Dun & Bradstreet and Prudential Financial, the release said.
1 min read · 24 May 2016
