Managers

Nexus Venture Partners closes fourth fund at over $450 mln

India-based venture firm Nexus Venture Partners has raised over $450 million for its fourth fund. Nexus Ventures IV's limited partners include endowments, foundations and financial institutions in North America, Europe and Asia. The fund will focus on early-stage tech and data companies that are disrupting the consumer retail, financial services, healthcare and education sectors.

Foundry Group kicks off Foundry Group Next for late-stage, outside fund investing

Foundry Group moved to institutionalize several of its investment efforts into a new initiative called Foundry Group Next, the firm announced in a blog post.

Personal Capital seeks buyer or new round at $500 mln valuation

British Columbia government unveils $100 mln venture capital fund

The British Columbia government has announced plans to form a $100 million venture capital fund focused on stimulating growth in the province's technology sector. The BC Tech Fund, part of the government's innovation strategy, aims to develop a sustainable venture capital system in British Columbia. As such, it will build on the activity of BC Renaissance Capital Fund, a $90 million venture fund of funds launched in 2007. The new fund will get underway next year following a process to secure a private sector fund manager to administer it. Venture invested in British Columbia in the first nine months of 2015 has been estimated at between $223 million and $290 million.

Express Scripts to provide $25 mln to Lewis & Clark Ventures' fund

Lewis & Clark Ventures' healthcare innovation fund has secured a $25 million funding commitment from Express Scripts. The fund will back early-stage innovation that provide "smarter" pharmacy solutions for patients.

Fund performance: IVP, Landmark lead mid-decade portfolio as Bay Partners, Summit gain ground

IVP and Landmark Partners retained the top spots in a mid-decade San Francisco Employees’ Retirement System portfolio that saw mixed results last year.

Google Ventures slows investing this year, re-organizes European fund

Google Ventures slowed its investing this year, but still continued to direct about a third of its efforts toward life sciences and sharply increasing its consumer focus, according to an update of its activities.

The secret ‘law’ every successful LP understands

A significant event happened in early 2013: a new venture capital fund was born. This may not sound so significant to you, but it was significant to me and my partners at Subtraction Capital.

Urban farming startups sprouting like weeds

A growing number of VCs are nurturing investments that bring the farm to the home

iNovia Capital approaches finish line with $150 mln Fund IV

Montréal-based iNovia Capital, one of Canada’s best known venture firms, is only weeks away from wrapping up its fourth information technology fund, a source with knowledge of the matter told PE Hub Canada. Fund IV is targeted to raise $150 million in committed capital, which if reached will make the fund the largest raised to date by the firm.