Managers

Menlo closes 12th fund at $400 mln

The firm solidifies smaller fund strategy and a greater focus on consumer tech, while $15 million in new capital is allocated to the Menlo Talent Fund to back seed-stage ideas

NEA raises $2.8 bln for its largest ever fund and $350 mln for its first opportunity fund

New Enterprise Associates goes large, raising $3.15 in new capital, including $2.8 billion for its largest ever fund and $350 million for its first opportunity fund.

RiverVest raises $75.8 mln toward a third fund

RiverVest Venture Partners has raised $75.8 million toward a $150 million third fund, according to a filing with the SEC. The filing says 41 LPs are involved and that the firm hopes to raise another $74.2 million.

MAB Capital launches $50 mln early-stage beverage fund

MAB Capital Management has launched Liquid Asset Brands Innovation Fund I, a $50 million fund that will back early-stage beverage companies. Liquid Asset Brands is also planning on launching its own brands and is aiming to open a craft distillery in downtown Chicago this year.

Spotlight: Top Canadian deals in Q1

Toronto-based VarageSale was the top venture deal of the month in Canada, raising $34 million

Pelion Venture Partners targets $200 mln for sixth fund

According to an SEC filing, Salt Lake City-based early-stage venture firm Pelion Venture Partners is currently seeking to raise $200 million for its sixth fund. As reported by peHUB, its previous fund closed at $194 million.

Empowering the entrepreneur--VCJ snapshot

Vanessa Colella of Citi Ventures talks about the value-add trend among venture firms and how hers is a women-led fund.

Empowering the entrepreneur

Vanessa Colella of Citi Ventures talks about the value-add trend among venture firms and how hers is a women-led fund

Spotlight: Clean energy investment hits lowest level in two years in first quarter

SpotlightGlobal clean energy investment totaled $50.5 billion in Q1, down from $59.3 billion in the first quarter of 2014

SWaN & Legend targets $150 mln for third fund

According to an SEC filing, SWaN & Legend Venture Partners is seeking to raise $150 million for its third fund. Based in Leesburg, Virginia, SWaN & Legend backs companies that build consumer brands "as well as the B2B companies that support them."