News

Jackson Square aims to raise $150 mln

San Francisco-based Jackson Square Ventures has filed to raise $150 million for Jackson Square Ventures II LP, according to a regulatory document. Not listed is Managing Director Bob Spinner.

Draper Oakwood aims to ride donkeys, not unicorns

A new form of venture capital finance ignores potential stars and concentrates instead on solid, reliable sales

Canvas to raise $250 mln second fund

Canvas Ventures has set out to raised a second venture fund with a target of $250 million, according to a filing with the SEC.

OrbiMed closes sixth venture fund at $950 mln

OrbiMed, a healthcare focused investment fund, has raised $950 million for its sixth venture fund.

Global fundraising recap

From Europe to Silicon Valley, recaps of recent venture fundraisings, including Greycroft, 500, Paua and Nexus

Covington Fund II to open up for share redemptions

Covington Group of Funds will open up Covington Fund II for redemptions by shareholders as of January 18, 2016. Redemptions will be honoured for up to 20 percent of the fund's net asset value in the current financial year, or $24 million in total. Covington Fund II, a retail venture capital fund, is currently focused on optimizing the value of investment holdings and creating liquidity. In September, the fund became the controlling investor in Masstech Group Inc, a Canadian provider of workflow and media asset management software solutions.

Stewart Butterfield’s Slack unveils $80 mln app development fund

Slack, a group messaging platform founded by Canadian entrepreneur Stewart Butterfield, has formed a US$80 million venture capital fund. The Slack Fund will invest in developers or small companies seeking to build “Slack-first” apps, as well as business-to-business and enterprise tools that make Slack integrations a core part of their offering. Six of the company's investors, Accel Partners, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark Capital Growth and Social+Capital, have committed to the fund. Slack, which has offices in San Francisco and Vancouver, raised US$160 million in a financing in April.

Slack rolls out $80 mln apps-focused fund

Slack has raised $80 million for its apps-focused fund, according to a blog post on its site. The investors included Accel, Andreessen Horowitz, Index Ventures, Kleiner Perkins Caufield & Byers, Spark and Social + Capital. Slack is a messaging apps for teams.

Ronny Conway's A Capital sets out to raise a $140 mln second fund

A Capital, the firm founded by Ron Conway's son, Ronny Conway, has set out to raise a $140 million second fund, according to a filing with the SEC.

OrbiMed targets $300 mln for second Israel fund

OrbiMed Advisors is seeking to raise $300 million for its second Israel-focused fund, according to an SEC filing. In 2011, OrbiMed closed its initial Israel-focused fund at $220 million.