Managers

By opening an office in Japan, the US VC firm plans to expand its relationships with Japanese corporates positioned to benefit from Japan's nation space agency's commitment of $6.7bn to a 10-year space fund.

Atlas Venture, Bain Capital, CPP Investments, RTW Investments and Jiangsu Hengrui Pharmaceuticals have invested $1bn in the company, which makes weight-loss injectables.

The storied venture firm raised $1bn for an early-stage fund and $2.5bn for growth funds, which are betting heavily on AI.

The firm began fundraising in March 2025 for Fund IV, which is targeting $50m to make seed investments in software start-ups.

Firm led by two ex-Marines closed on $148m for Fund III thanks to certification as a Critical Technology Fund by the US Small Business Administration and the Department of War.

With an LP base comprised mostly of single and multifamily offices and some sovereign wealth funds in the United Arab Emirates, the firm plans to invest in up to 20 start-ups in the US and Latin America.

Limited partners in the Canadian firm's debut fund that have re-upped in Fund II include Government of Quebec through Investissement Québec; BDC Capital; Fonds québécois d'amorçage de Teralys (financed by La Caisse, formerly CDPQ) and Capital régional et coopératif Desjardins.

Theseus Capital Partners, D3 Venture Capital, Green Flag Ventures, R-G AI and Radius Capital Ventures own combined shares worth $177m following IPO of the drone software developer.

'I think resonated in a market where seed stage funds suddenly started opportunity funds and everybody seemed to have a growth fund,' Breakout managing partner Lindy Fishburne tells VCJ.

Jonas Murphy, former director of government affairs for the NVCA, signed a plea agreement in which he pleaded guilty to interstate transportation of stolen property, which carries a penalty of up to 10 years in prison.