Managers

Venture fundraising appears to slow in Q4

Year-to-date total of $26.9 billion well ahead of 2013

Two ships passing in the night: wealth management and venture capital

In the United States, wealth management firms, such as mutual funds, have increasingly played a part in the venture capital industry. In contrast, wealth managers in Canada have largely elected to bypass VC, despite embracing other alternative asset classes. In a peHUB Canada exclusive article, Richard Rémillard asks why this is the case and suggests how Canadian wealth managers and VC funds might find common ground.

DAG Ventures to raise a $300 mln sixth fund

DAG Ventures is raising a $300 million sixth fund, DAG Ventures VI, according to a filing with the Securities and Exchange Commission. The fund appears less ambitious than the firm's previous fund, which in 2011 targeted $500 million, according to a filing at the time.

Artis Ventures raises $51.7 mln for second fund

Artis Ventures said it has raised $51.7 million for a second fund, Artis Ventures II, according to a filing with the Securities and Exchange Commission. The fund has a $3.3 million stake yet to sell and a target of $55 million.

Venture fundraising appears to slow in Q4: VCJ

Venture capital fundraising appears to have slowed in the fourth quarter after a big pick up early in 2014 raised expectations of a banner year.

McClure and Forrest to become SyFy reality show stars

SyFy has green lit a new program tentatively entitled "The Bazillion Dollar Club" slated to air next autumn. The program will follow Dave McClure, founder of 500 Startups, and Brady Forrest, who runs the hardware incubator Highway1.

It's an annual tradition: Tell is what you think is the story of the year

From seeds to mega-funds, many venture-related stories are vying for having the biggest impact in 2014

GrowthWorks Atlantic Venture Fund suspends sales, redemptions

GrowthWorks Atlantic Venture Fund, an Atlantic Canada-focused affiliate of venture capital firm GrowthWorks, has suspended sales and redemptions of its shares until further notice. The fund's board of directors cited a number of factors influencing the decision, including the long term impact of Ottawa's announcement in 2013 to phase out the 15 percent federal labour-sponsored venture capital corporation (LSVCC) tax credit by 2017. Earlier this month, GrowthWorks Atlantic was selected to manage the new Venture Newfoundland and Labrador, a $15 million vehicle that will invest in entrepreneurs and startups in the province.

Polaris Partners closes $450 mln for seventh fund

According to an announcement on its site, Polaris Partners has raised $450 million for its seventh fund. The LPs were not named. Polaris Partners VII will focus on technology and healthcare. To read the post, visit here.

Convergence Accel launches $25 mln fund

Convergence Accel has raised $25 million for its fund focused on backing Indonesia-based early-stage tech firms. The fund seeks to invest in about 25 to 30 companies over the next five years.