Managers

Fund Briefs May 18, 2015

A recap of recent venture-related fundraisings and filings; plus tables and data on closings worldwide

VC perspective: Previewing my term as NVCA chairman

Jon Callaghan, new chairman of the NVCA, discusses his vision to protect and enhance venture capital and entrepreneurialism

Carl Icahn invests $100 mln in ride-sharing service Lyft: Reuters

Ride-sharing company Lyft Inc said it raised $150 mln, led by a $100 mln investment from activist investor Carl Icahn's Icahn Enterprises LP.

Harrison Metal picks up $68 mln for fourth fund

Harrison Metal Capital has raised $68 million for its fourth fund, according to an SEC filing. Based in Palo Alto, California, Harrison Metal backs early-stage tech companies.

Collaborative Fund collects $65 mln for third fund

According to an SEC filing, New York-based Collaborative Fund, which backs startups, has raised $65 million for its third fund. Its previous fund, as reported by peHUB, closed $33 million.

Angel investors pull back in 2014

Angel investors pulled back a bit in 2014 with fewer dollars going to U.S. startups. Investments still added up to a healthy $24.1 billion, but were down 2.8 percent from 2013, according to a study.

Six Canadian provinces embrace startup crowdfunding exemptions

Securities regulators in British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia announced they have implemented, or expect to implement, registration and prospectus exemptions that will allow early-stage companies to raise capital through crowdfunding in their jurisdictions. The Canadian Securities Administrators (CSA) said members have agreed to a common set of rules that will allow startups to raise up to $500,000 per year from authorized funding portals. Related rules and policies can be viewed on CSA member websites.

Aspect Ventures raises $150 million debut fund-Reuters

Two female venture capitalists have raised $150 million for their debut fund, bolstering the standing of the women in an industry that has come under intense criticism for its boys-club approach, Reuters reported.

Redpoint closes Fund VI at $400 mln--Updated

Redpoint Ventures announced on its blog that it has closed its sixth fund with $400 million in commitments. Fund VI is the same size as its previous vehicle, which closed in 2013. Partner Satish Dharmaraj writes in the blog post that the fund will focus on seed, Series A and Seris B rounds in consumer and enterprise companies.

Not everyone in the crowd thinks SEC rule change is a good thing

SEC greenlights equity crowdfunding, but its impact on VC is uncertain in the short term