Private Equity
Canadian venture capital firm Avrio Capital has raised $110 million in the final close of its third institutional late-stage fund, Avrio Ventures LP III. The fund closing, which included the launch of a parallel investment vehicle, is the largest in Calgary-based Avrio's history. Fund III's limited partners included cornerstone investors Farm Credit Canada and Export Development Canada, as well as Alberta Enterprise Corp, BDC Capital, Fondaction CSN, HarbourVest Canada Growth Fund and several family offices. Founded in 2002, Avrio invests in innovative food and agriculture companies. Its team has deployed more than $200 million to 50 portfolio companies, including Farmers Edge Inc and Hortau Inc.
5 min read · 08 February 2016
Luma Capital Partners has set out to raise a $100 million venture fund, according to an SEC filing.
1 min read · 05 February 2016
General Catalyst Partners goes large, raising an $845 million U.S.-focused eighth fund.
1 min read · 05 February 2016
Traverse Venture Partners is seeking to raise $100 million for its inaugural fund, according to an SEC filing. Founded in October 2015, the Washington, D.C.-based growth equity firm focuses on the real estate industry. Recently, the firm co-led an $11.7 million Series B round for San Jose, California-based Mercatus, a provider of energy finance solutions, as previously reported by PE HUB.
1 min read · 04 February 2016
Geodesic Investments has raised additional capital for its maiden late stage fund, according to a filing with the SEC.
1 min read · 03 February 2016
Index Ventures has raised $550 million for its eighth venture fund. The firm, which recently hired former Twitter CEO Dick Costolo as a venture partner, has promoted Shardul Shah to partner. Index focuses on backing "disruptive" startups in the U.S., Europe and Israel.
3 min read · 03 February 2016
Industry Ventures is raising a $425 million eighth fund for investing in secondaries, according to an SEC filing.
1 min read · 02 February 2016
Lewis & Clark Ventures closed a $104 million early stage venture fund targeting investments in the Midwest. The fund will focus primarily on Series A and B round VC investments in the size of $3 to $7 million to high growth companies. Lewis & Clark announced in December a $25 million commitment from Express Scripts to support new healthcare technologies and companies.
2 min read · 02 February 2016
According to an announcement on its site, Sesame Ventures, Sesame Street's new venture initiative, has partnered up with Collaborative Fund to launch a fund that backs startups in child development areas that include education technology, health and nutrition and social, cultural and family development. No financial terms were disclosed for The Collab + Sesame Fund but other outlets are reporting that the joint fund has already raised $10 million.
1 min read · 02 February 2016
Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson.
2 min read · 02 February 2016
