Private Equity
Snapchat, a Los Angeles-based photo messaging app, is seeking to raise as much as $500 million in venture funding, reports Bloomberg News.
1 min read · 18 February 2015
MaRS Discovery District has launched a financial technology (fin-tech) cluster to support startups that are developing new innovations in payments, financial services, peer-to-peer transactions, alternative lending, and crypto-currencies. The fin-tech cluster will be led by Adam Nanjee, previously a vice president at MasterCard Canada. Digital payments providers PayPal and UGO will be strategic partners in the initiative. The Toronto-based MaRS said qualified fin-tech startups will have immediate access to corporate partners, investors and advisory resources, as well as additional facilities later in 2015. A MaRS infographic highlighting facts about Canadian fin-tech can be viewed here.
5 min read · 18 February 2015
Cintirfuse disclosed this week it has invested in the latest vehicle of Techstar Ventures, which announced last month it has raised $150 million for its third and largest fund to date. The investment in Techstars is the sixth fund that Cincinnati-based Cintirfuse has backed. The Cintrifuse Early Stage Capital Fund I, a $57 million fund of funds, focuses on regional and national early-stage venture capital and has previously announced investments in funds managed by Allos Ventures, Lerer Hippeau Ventures, Mercury Fund, Sigma Prime Ventures and Upfront Ventures.
1 min read · 18 February 2015
Wamda Capital has raised a $55.7 million venture fund to invest in the Middle East and North Africa, according to an SEC filing. The target for Wamda MENA Ventures I is $75 million.
1 min read · 17 February 2015
All too often they’re overlooked despite the fact they could have a disproportionate impact on the entrepreneurial ecosystem
3 min read · 16 February 2015
Eight companies with disclosed deals were acquired in the month for $1.2 billion combined in proceeds
1 min read · 16 February 2015
Sequoia Capital has raised a combined $1.1 billion for funds in China and India, according to SEC filings.
1 min read · 13 February 2015
General partners like to say their funds are in the top quartile, but perhaps that isn’t enough anymore. LPs have increasingly been asking for decile ranking, not just quartile ones.
2 min read · 13 February 2015
Emergence Capital Partners announced a $335 million fourth fund on Wednesday along with a shift in investment strategy to earlier Series A and Series B companies.
2 min read · 12 February 2015
Emergence, which scored big with the Veeva IPO in October 2013, has raised $335 million for its fourth fund
2 min read · 12 February 2015
