News

European venture activity falls sharply in Q3

Heavybit to raise a $60 mln venture fund

Heavybit has set out to raise a $60 million venture fund, according to a filing with the SEC.

Data spotlight: Top 10 September deals in healthcare, cleantech, security and IT

MIT’s William Aulet on teaching entrepreneurship and beachhead marketing

Forty Seven fetches $75 mln Series B

Menlo Park, California-based Forty Seven Inc, a developer of next-generation immuno-oncology treatments, has closed $75 million in Series B financing. Wellington Management Company LLP led the round with participation from return backers Clarus, Lightspeed Venture Partners, Sutter Hill Ventures and GV.

Owl Ventures raises $185 mln for second fund

Owl Ventures has closed its second fund at $185 million. The fund will invest in educational technology startups.

Moonsail rakes in $27.5 mln for $75 mln-targeted fund

MoonSail Capital, a Los Angeles and San Juan-based private equity firm, has raised $27.5 million for its inaugural fund, according to an SEC listing. The target is $75 million.

Prenetics hauls in $40 mln

Prenetics, a Southeast Asia-based genetics-focused digital health company, has raised $40 million in funding. Beyond Ventures and the Alibaba Hong Kong Entrepreneurs Fund led the round with participation from other investors that included Yuantai Investment Partners, mFund and eGarden Ventures.

Index of VC-backed stocks rises a little in September

Mubadala forms venture capital arm

Abu Dhabi-based Mubadala Investment Company has launched a venture capital unit that will be based in San Francisco. The new team will initially oversee a $400 million early-growth venture fund; a $200 million venture fund of funds that will invest in both established and emerging fund managers; and Mubadala's $15 billion commitment to the SoftBank Vision Fund.