News

B.C. CEOs, investors urge fed creation of $500 mln clean-tech fund

Fifty B.C.-based CEOs and investment professionals have sent a letter to Prime Minister Justin Trudeau urging the creation of a first ever Canadian clean-tech strategy. The letter said Ottawa has "a unique opportunity" to turn Canada into a global clean-tech leader by adopting several key initiatives. They include a $500 million fund that would back up to 20 clean-tech venture capital funds, and help leverage up to $3 billion in total capital. Other proposals include a $1 billion clean-tech loan guarantee program available to early-stage projects; and a federal tax system review to ensure clean-tech companies have access to the same benefits as resource companies.

Joe Lonsdale's Eight Partners to raise $420 mln fund

Eight Partners, founded by Joe Lonsdale, has set out to raise a $420 million inaugural fund, according to a filing with the SEC.

Shari Redstone’s Advancit to raise $40 mln third venture fund

Advancit Capital has set out to raise a $40 million third venture fund, according to an SEC filing.

We need new terminology to describe CVCs

The long-running corporate investors are stepping up their game as new players enter the market. It’s clear that CVCs are occupying a more prominent place in the investment landscape.

Corporate venture’s unstoppable rise

Corporate venture set a 15-year record last year and shows few signs of slowing. The pace of innovation makes this cycle different

A new approach to innovation

The current cycle of corporate venturing is showing a rise in groups with more independence, who more readily joining follow-on rounds

Tribeca Venture Partners raises $107 mln second early-stage fund

Tribeca Venture Partners has raised a $107 million second fund that represents a significant increase over its $65 million first fund, according to a blog post.

Mainsail raises $384 mln for fourth fund in just over two months

Mainsail Partners, a growth equity firm that invests in bootstrapped companies, raised $384 million for its fourth fund, Mainsail Partners IV LP. The oversubscribed fund closed in December and took just over two months to complete. Mainsail invests primarily in the software, technology-enabled services and healthcare sectors.

Hangar Ventures gets back to the runway, finally takes flight

After some turbulence on the ground, Dallas-based, early-stage firm says it is moving forward

Newly formed 1955 Capital notches $200 mln first close

A venture firm founded last fall by former Khosla Ventures Partner Andrew Chung will combine impact and financial investing with a planned $200 million fund