Private Equity
Alberta Enterprise Corp (AEC) has made its first investment since receiving an additional $50 million from the provincial government late last year. AEC committed $5 million to Avrio Ventures LP III, the third institutional late-stage fund of Avrio Capital, a Calgary-based venture capital firm. AEC, a fund of funds that backs venture capital funding of Alberta-based companies, said the Avrio commitment supports its goal of diversification and creation of local value-added agriculture products and technologies.
3 min read · 08 February 2016
AccelFoods, an accelerator for packaged food and beverage companies, added six startups to its portfolio. The companies, part of AccelFoods’ fourth class, are the first to be backed by the accelerator’s newly launched $20 million second fund.
3 min read · 08 February 2016
Blumberg Capital has raised $177.1 million toward a fourth early stage fund, according to an SEC filing.
1 min read · 08 February 2016
Baltimore-based firm could raise up to $125 million for its direct secondaries vehicle
2 min read · 08 February 2016
Matrix Partners has raised $500 million for its fourth China-focused venture fund, according to an SEC filing. The firm's previous fund Matrix Partners China III closed at $350 million, as reported by PE HUB.
1 min read · 08 February 2016
Canadian venture capital firm Avrio Capital has raised $110 million in the final close of its third institutional late-stage fund, Avrio Ventures LP III. The fund closing, which included the launch of a parallel investment vehicle, is the largest in Calgary-based Avrio's history. Fund III's limited partners included cornerstone investors Farm Credit Canada and Export Development Canada, as well as Alberta Enterprise Corp, BDC Capital, Fondaction CSN, HarbourVest Canada Growth Fund and several family offices. Founded in 2002, Avrio invests in innovative food and agriculture companies. Its team has deployed more than $200 million to 50 portfolio companies, including Farmers Edge Inc and Hortau Inc.
5 min read · 08 February 2016
Queue up the next wave of 3D tech, which aims to be easy and affordable
6 min read · 05 February 2016
Luma Capital Partners has set out to raise a $100 million venture fund, according to an SEC filing.
1 min read · 05 February 2016
Four questions to ask yourself when you encounter a biotech startup that looks promising
3 min read · 05 February 2016
Late-stage valuations took a hit in Q4, with the median pre-money valuation for Series D and later rounds falling 32 percent, Cooley reported.
1 min read · 05 February 2016
