Managers

Finding opportunity in China

Jenny Lee of GGV Capital talks about thesis-driven Chinese investing

VCs on the move Dec 17, 2015

Norwest promotes team members, Greylock adds an EIR and a summary of other personnel moves at venture firms worldwide

Year in Review: Digital health investing continues its fast pace in 2015

The year is on track to end with investments in digital health slightly above last year's total, according to Rock Health, which was one of the most active investors in the sector.

Year in Review: Valuations continue to rise in angel deals

Late and expansion-stage venture capital valuations have come under pressure recently, but not those in angel deals, according to a new report.

Covington Fund II to open up for share redemptions

Covington Group of Funds will open up Covington Fund II for redemptions by shareholders as of January 18, 2016. Redemptions will be honoured for up to 20 percent of the fund's net asset value in the current financial year, or $24 million in total. Covington Fund II, a retail venture capital fund, is currently focused on optimizing the value of investment holdings and creating liquidity. In September, the fund became the controlling investor in Masstech Group Inc, a Canadian provider of workflow and media asset management software solutions.

Stewart Butterfield’s Slack unveils $80 mln app development fund

Slack, a group messaging platform founded by Canadian entrepreneur Stewart Butterfield, has formed a US$80 million venture capital fund. The Slack Fund will invest in developers or small companies seeking to build “Slack-first” apps, as well as business-to-business and enterprise tools that make Slack integrations a core part of their offering. Six of the company's investors, Accel Partners, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Capital Growth and Social+Capital, have committed to the fund. Slack, which has offices in San Francisco and Vancouver, raised US$160 million in a financing in April.

Slack rolls out $80 mln apps-focused fund

Slack has raised $80 million for its apps-focused fund, according to a blog post on its site. The investors included Accel, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark and Social + Capital. Slack is a messaging apps for teams.

Ronny Conway's A Capital sets out to raise a $140 mln second fund

A Capital, the firm founded by Ron Conway's son, Ronny Conway, has set out to raise a $140 million second fund, according to a filing with the SEC.

OrbiMed targets $300 mln for second Israel fund

OrbiMed Advisors is seeking to raise $300 million for its second Israel-focused fund, according to an SEC filing. In 2011, OrbiMed closed its initial Israel-focused fund at $220 million.

WuXi Healthcare Ventures Fund II raises $290 mln

WuXi Healthcare Ventures said Tuesday it raised $290 million for its most recent fund, exceeding its $200 million target. WuXi Healthcare Ventures II, L.P. targets cross-border opportunities in the life sciences.