Managers

Chrysalix fundraising gains traction from sustainable innovation focus

Vancouver-based firm targeting its fourth fund between $150 million and $200 million

Ignition to raise a $200 mln 6th fund, Ribbit targets $220 mln for third

Ignition has set out to raise a $200 million sixth fund, and Ribbit Capital is targeting $220 million for its third, according to filings with the SEC.

Kirchner winds up management of Foragen Technologies

Merchant bank and advisory firm Kirchner Group has completed its management of Foragen Technologies Management, a Canadian venture capital investor focused on agricultural technology. Kirchner, which managed the firm's assets on behalf of the Royal Bank of Canada and two provincial institutional investors, said that it facilitated the sale of three of Foragen's portfolio companies to strategic acquirers. One company was sold for about US$500 million, while another "grew into a market leader in its sector." Founded in 2000, Foragen is based in Saskatoon, Saskatchewan.

Ribbit Capital targets $220 mln for third fund

According to an SEC filing, Ribbit Capital is seeking to raise $220 million for its third fund. Based in Palo Alto, California, Ribbit Capital funds financial startups.

AKT IP Ventures launches $20 mln tech incubation fund

AKT IP Ventures has launched a $20 million fund. According to the firm, the fund will incubate emerging IP-based tech companies.

SEC trims states' purview on stock offerings under $50 mln--Reuters

U.S. regulators adopted a new rule Wednesday that will scale back the states' powers to police some public stock offerings, a move that advocates say will spur more capital-raising and critics claim could lead to more fraud.

Editor's letter: For women in VC, let’s stop citing the 4 percent

Ellen Pao case is shining a spotlight about diversity at venture firms, but let’s get the facts straight

NEA closes in on a $2.57 bln 15th fund, Glynn raises $200 mln, Fairview, $75 mln

New Enterprise Associates has raised close to $2.57 billion toward its fifteenth fund, according to an industry source. Separately, Glynn Capital Management announced the closing of a $200 million fourth fund and Fairview Capital Partners unveiled toward a special opportunities fund of funds, according to filings with the SEC.

Kleiner run 'like a boys club,' Pao attorney tells jurors: Reuters

Venture firm Kleiner Perkins Caufield & Byers was run "like a boys club," a lawyer for one of its former partners who is suing the firm for sex discrimination told jury members on Tuesday.

Accel raises $305 mln for India fund

According to a blog post on its site, Accel has closed its fourth India-based fund at $305 million. Accel India IV will focus on tech startups as well as early-stage companies in the consumer, enterprise software, mobile and healthcare sectors. To read the announcement, visit here.