News

Sofinnova Partners, a European life sciences venture capital firm, has launched a new investment strategy focused on digital medicine.

Playfair Capital, a seed investor focused on the UK and Europe, has raised $70 million for its third tech-focused pre-seed fund, growing its overall fundraising total to $140 million.

The subsidiary of Hercules Capital has formed a new private credit lending program following the failure of Silicon Valley Bank, which was a lender and banker to about half of the venture-backed tech and life sciences start-ups in the US.

SR One Capital Management, a transatlantic biotech VC firm that spun out of GlaxoSmithKline, has closed on more than $600 million for its second fund, beating its $500 million target.

First Citizens will assume SVB's assets of $110 billion, deposits of $56 billion and loans of $72 billion.

One of the challenges that has emerged as potential buyers explore an acquisition of SVB Financial’s fund of funds platform is continuing access to the top names in venture capital, say sources familiar with the process.

Stifel Financial Corp has hired former Silicon Valley Bank executives Jake Moseley, Matt Trotter and Ted Wilson as managing directors for its venture banking group.

Three pensions that collectively manage assets of more than $600bn and actively invest in venture and buyout funds are calling on US state and federal policymakers to protect 'the freedom to invest responsibly' as the anti-ESG movement gains momentum.

The firm's network boasts more than 60 investors, including Dragonfly Capital, Eniac Ventures, Multicoin Capital and SV Angel.

Freestyle Ventures and Builders VC led the round.