News

RAC VII plans to back 15 to 20 early-stage European companies.

The firm has raised $30m for its inaugural fund, which will make seed investments in healthcare data and AI start-ups that enhance cancer care and research.

More than 50 investors have committed to the second fund from Pack Ventures, which is targeting $30 million.

UVC IV launched only six months ago.

The brand new woman-led firm has remained under the radar as it seeks $25m for its first vehicle.

The funds target European companies from seed to IPO.

VXI Capital, founded by the former CTO of the Defense Intelligence Unit and former head of government partnerships at The Engine, is targeting $75m for its inaugural fund.

Climate-focused venture funds raised a combined $6.9 billion as of August 6, up from $5.2 billion for all of 2023, according to Venture Capital Journal research.

The venture firm has closed Thrive Capital Partners IX at $1 billion and Thrive Capital Partners IX Growth at $4 billion.

The pension system has committed a combined $167m to six venture funds this year, up from a single $30m VC commitment in 2023.