News

NGC Metaverse Ventures' backers include Babel Finance, Altonomy, Huobi Ventures, Nexo Ventures and GBIC.

Synthesis Capital, a food tech venture firm, has raised over $300 million for its debut fund.

Dallas Venture Capital has closed its new fund at $80 million, beating its $75 million target.

The fund will focus on "the open source, artificial intelligence, data and developer tools being used to build the world's digital foundations."

Updata Partners has closed its seventh growth equity fund at over $608 million.

Northern Gritstone, chaired by former Goldman Sachs AM chairman Jim O’Neill, aspires to create jobs and wealth in England’s underfunded North with SDG-aligned seed investments.

In an increasingly competitive market, venture firms can improve their odds of survival by teaming up with larger PE firms with whom they have synergy. This week Sofinnova Partners, a Paris-based early-stage life sciences investor, sold a minority stake to Apollo in return for Apollo committing to invest up to €1 billion to its funds.

As is usually the case, increased rules mean higher compliance costs for those advisers who fall under regulation. For the biggest firms in the industry, those costs can be handled, but for smaller shops, and especially emerging managers, those costs could prove harmful.

Space Perspective, a luxury spaceflight experience company, has raised $17 million in funding.

Glean, a unified enterprise search and discovery platform enabling remote work, has raised $100 million in Series C funding, according to a blog post.