News

Define Ventures, which invests in digital health start-ups, has raised a combined $460m across a third flagship fund and and opportunities fund.

Reach Capital, which specializes in the education technology sector, has raised $215 million for its fourth core fund, according to an announcement on its website.

The fund's investors include institutional family offices, experienced founders and investors.

The fund will focus on making equity investments in sustainability-oriented businesses with SaaS, hardware-enabled software and software-led business models.

With venture lending capacity down by as much as two-thirds since the failure of Silicon Valley Bank and Signature Bank, revenue scale and company quality will be top of mind for both venture debt and equity capital providers.

The Los Angeles-based firm is nearing a final close on its $100m debut fund, which will invest in women’s sports.

Investors are finding more opportunities to play in the venture debt space, which lenders say is especially attractive following the failure of Silicon Valley Bank.

Limited partners in the fund include Gates Frontier, Corning Inc and JSR Corporation.

The fundraising will enable Albion Capital to continue investing across its portfolio of high-growth software, healthcare and mission critical tech-enabled services companies.

The fund will invest in a range of venture and growth-stage equity investments in companies in the Canadian technology ecosystem, with hold periods of 5 to 10 years.