News

Illumina Ventures collects $230 mln for maiden fund

San Francisco-based Illumina Ventures, an early-stage venture firm, has raised $230 million for its debut fund. Illumina invests in early-stage companies focused on genomics and precision medicine.

LimeBike sprints away with $50 mln, DCM's Kyle Lui says bike sharing is heating up

Why a venture capital marriage is not a unicorn

Precursor Ventures targets $25 mln for sophomore fund

Precursor Ventures is seeking to raise $25 million for its second fund, according to an SEC filing. The San Francisco-based venture firm focuses on B2B and B2C software applications and hardware.

Startup Magic Leap seeks $1 billion funding, working on debut product: Reuters

Magic Leap, a highly funded and secretive startup that has promised breakthrough augmented reality technology, is seeking to raise up to $1 billion in fresh funding from investors, according to a new corporate filing.

Wavemaker Partners raises $66 mln for second Southeast Asia fund

Los Angeles and Singapore-based Wavemaker Partners, an early-stage venture firm, has closed its second Southeast Asia-focused fund at $66 million, beating its $50 million target. The fund's investors include IFC, a member of the World Bank Group.

M33 Growth rakes in $180 mln for inaugural fund

Boston-based M33 Growth, a venture and growth-stage investment firm, has closed its debut fund at $180 million. M33 Growth I LP will initially make eight to 10 investments in bootstrapped companies with more than $5 million in revenue in the software, healthcare and services sectors. The fund's limited partners include top endowments, institutional investors and philanthropic foundations.

Canadian VC approaches 2016 peak as top Q3 deals draw C$572 mln

Darwin raises $63.6 mln toward $100 mln fund of funds

Darwin Ventures has raised $63.6 million toward a $100 million fourth fund of funds, according to a filing with the SEC.