Private Equity
Salesforce has agreed to acquire San Francisco-based marketing company Krux, according to a blog post on the latter's site. No financial terms were disclosed. Krux's backers included Accel Partners and IDG Ventures.
1 min read · 04 October 2016
GreenSoil Building Innovation Fund (GBIF), launched last year by GreenSoil Investments, has raised a US$20 million lead commitment from Grosvenor Group, a U.K.-based private property group. The investment is intended to leverage strategic opportunities with GBIF, a Toronto-based growth equity fund that invests in products, services and technologies which make real estate and infrastructure more productive, efficient and sustainable. The fund, which has so far raised US$55 million of a US$100 million target, said it has made its first two portfolio investments. GBIF is chaired by Alan Greenberg, a Greensoil co-founder.
4 min read · 03 October 2016
2 min read · 03 October 2016
St. Louis-based Cultivation Capital held a $20.5 million close on a $100 million targeted fund, according to a regulatory filing. The Cultivation Capital Fintech Fund raised the initial close from 30 investors, the filing reports. The firm was co-founded by General Partner Jim McKelvey, who's co-founder of Square and remains on the board of the mobile payments company.
1 min read · 03 October 2016
6 min read · 03 October 2016
Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Business Capital régional et coopératif, has secured $144.4 million in its 2016 fundraising year. The subscription level exceeded the $135 million ceiling set by the Québec government for tax-subsidized share sales. Montréal-based CRCD, now in its 15th year of operation, has nearly 100,000 shareholders and manages net assets of more than $1.6 billion. In the first half of 2016, the fund reports committing $62 million to deals across Québec.
3 min read · 30 September 2016
Long Hill Capital has set out to raise a $125 million venture capital fund, according to a filing with the SEC.
1 min read · 29 September 2016
Amino Capital has raised $50 million for its second fund. Amino Capital II LP will focus on artificial intelligence, data-driven ventures.
5 min read · 29 September 2016
The National Arts Centre has launched a $25 million fundraising campaign to provide a source of venture capital to artists and art organization in Canada. Winnipeg businesswoman and philanthropist Gail Asper committed $5 million to the campaign, bringing the amount raised so far to $23 million. Details of the new funding model will be released in the coming months, however, the NAC said it will begin investing in the creation of new works of music, dance and theatre by 2017. Based in Ottawa, the NAC is a centre for the performing arts.
3 min read · 28 September 2016
Trinity Capital Investment, a venture debt provider, has launched a third fund. Trinity Capital Investment Fund III is expected to deploy about $600 million into high-growth, venture-backed companies the next several years.
3 min read · 28 September 2016
