Private Equity
Jan 22 (Reuters) - Zenefits, a human resources software company that is taking on industry giant Workday, said it had raised $15 million in financing led by venture firm Andreessen Horowitz.
1 min read · 22 January 2014
A Canadian government-backed investment fund set up to help revive the country's ailing venture capital industry raised C$217.5 million ($198 million) at its initial closing, its backers said on Tuesday.
2 min read · 22 January 2014
Venture Intelligence reports that VC activity 18% lower than 2012
1 min read · 22 January 2014
Open Text Corp (NASDAQ: OTEX; TSX: OTC) has launched a $100 million venture capital fund focused on investing directly in entrepreneurs engaged in creative business application development. The OpenText Enterprise Applications Venture Fund, which is expected to close within the next six months, was announced concurrently with the initial close of the $300 million Northleaf Venture Catalyst Fund, a venture fund-of-funds backed by the Canadian and Ontario governments, and to which Open Text has also made a capital commitment. The company said that its new Enterprise Application Venture Fund builds on its AppWorks developer platform, established in Nov. 2013. Based in Waterloo, Ontario, Open Text is an enterprise information management and software company.
5 min read · 22 January 2014
Angel round sizes remained lower during the third quarter of last year, suggesting a second quarter in a row of growing reservation on the part of these young company investors.
1 min read · 22 January 2014
Firm was an early investor in smart home appliance maker Nest Labs, which Google acquired last week for $3.2 billion
2 min read · 21 January 2014
Online storage services provider’s valuation climbs sharply in latest funding round
2 min read · 21 January 2014
The Canadian government has announced the launch of Northleaf Venture Catalyst Fund, the first market-based fund-of-funds backed by Ottawa's $400 million Venture Capital Action Plan in partnership with the Ontario government. The fund, which will be managed by Toronto-based Northleaf Capital Partners, has raised $217.5 million in commitments in its initial closing, two-thirds of which, or $145 million, came from corporate and institutional investors, including BDC Capital, Canada Pension Plan Investment Board, OpenText Corp, and six of Canada's leading banks. Northleaf Venture Catalyst Fund, which is targeted to raise $300 million in total, will make commitments primarily to Canadian venture capital funds, and direct investments in Canadian companies. The federal and Ontario governments have agreed to make a combined commitment of $1 for every $2 committed by private investors to the fund, up to a maximum of $50 million each. A second closing is anticipated later this year.
4 min read · 21 January 2014
Berlin-based Earlybird Venture Capital has raised more than $110 million in the initial close of its new Digital East Fund. The pool's target is $130 million and its focus is on tech companies in the Turkey and CEE markets. The fund's' LPs include the European Bank for Reconstruction and Development, the European Investment Fund, the International Finance Corp. and Istanbul Venture Capital Initiative.
3 min read · 21 January 2014
INE Ventures is aiming to tap into Israel’s rich abundance of startups with a view to eventually relocating them to the U.S.
6 min read · 21 January 2014
