News

Longitude Venture Partners targets $550 mln for fourth fund

Longitude Venture Partners is seeking to raise $550 million for its fourth fund, according to an SEC filing. The California-based venture firm invests in biotech and medical tech companies.

VC-backed Thrive Earlier Detection adds new SVP to team

Cambridge, Massachusetts and Baltimore-based Thrive Earlier Detection Corp, a healthcare company focused on incorporating earlier cancer detection into routine medical care, has named Seema Singh Bhan as senior vice president, public policy and external affairs. She is the former vice president, head of public policy for Foundation Medicine. Thrive Earlier Detection's backers include Third Rock Ventures, Section 32, Casdin Capital, Biomatics Capital, BlueCross BlueShield Venture Partners, The Invus Group and Exact Sciences.

Matchstick Ventures collects over $30.4 mln for sophomore fund

Matchstick Ventures has raised over $30.4 million for its second fund, according to an SEC filing. Based in Boulder, Colorado, Matchstick is an early-stage tech venture firm.

Vertex Ventures taps Dropbox exec Domenic Perri as partner

Splunk launches corporate venture arm

Splunk Inc, a provider of data-to-everything platform, has launched Splunk Ventures for $150 million. This figure includes $100 million from an innovation fund and $50 million for a social impact fund. Splunk Ventures will focus on early-stage data companies.

Maryland state pension system commits more than $170 mln to VC

Bailey gathers over $7.7 mln for latest venture fund

Bailey Capital Management has raised over $7.7 million for its latest venture fund, according to an SEC filing. No target was listed in the document. Based in Santa Monica, California, Bailey invests in companies in the cannabis supply chain.

U.S. venture fundraising about to top $40 bln, again

Revolution Ventures amasses $215 mln for third fund: TechCrunch

Washington, D.C.-based Revolution Ventures has raised $215 million for its third fund, reported TechCrunch. The tech news site noted that the fund size is nearly as much as the firm's first and second fund, which both closed at $200 million. Revolution was founded in 2005 by Donn Davis, Tige Savage and AOL co-founder Steve Case.

Colorcon unveils $50 mln corporate venture fund

Harleysville, Pennsylvania-based Colorcon, a provider of specialty products for the pharmaceutical industry, has launched a $50 million corporate venture fund. Colorcon Ventures will invest in "promising" companies in the pharmaceutical industry. Touchdown Ventures will help manage the Colorcon Ventures fund.