Private Equity
WuXi Healthcare Ventures said Tuesday it raised $290 million for its most recent fund, exceeding its $200 million target. WuXi Healthcare Ventures II, L.P. targets cross-border opportunities in the life sciences.
3 min read · 15 December 2015
Silicon Valley-based venture firm Foundation Capital has collected $325 million for its eighth fund, according to a report in Tech Crunch. Foundation Capital VIII launched this past June. The fund will focus on various sectors that include consumer, information technology and financial technology. Initial average investments will be between $1 million and $10 million.
1 min read · 14 December 2015
Seventure Partners has raised 160 million euros (about $176 million) for its microbiome-focused Health for Life Capital fund. Novartis Pharma AG recently joined the fund's investor base. Health for Life Capital's other backers include Danone, Tereos, Lesaffre, Bel, Tornier and the Danish Technology Institute. Since launching in December 2013, the fund has made undisclosed investments in a number of companies that include Enterome, LNC, Maat pharma, Eligo bioscience, Targedys and Micropharma.
4 min read · 14 December 2015
Newly launched venture firm Presence Capital has launched an inaugural fund of $10 million focused on virtual reality and augmented reality startups. So far the San Francisco-based firm has made several undisclosed investments from the fund in companies that include Harmonix, maker of the interactive game "Rock Band" and virtual reality company Baobab.
3 min read · 11 December 2015
Icon Ventures is seeking to raise $260 million for its sixth fund, according to an SEC filing. Icon Ventures was formerly known as Jafco Ventures before rebranding itself earlier this year.
1 min read · 11 December 2015
Silicon Valley-based venture firm 500 Startups has raised $30 million for a fund that targets startups based in the Middle East and North Africa, reported Arabian Business.com. Named 500 Falcons, the fund will focus on making seed investments between $50,000 and $100,000 in 100 to 200 companies. The sectors of interest include e-commerce, fintech, hardware and internet of things.
1 min read · 10 December 2015
India-based venture firm Nexus Venture Partners has raised over $450 million for its fourth fund. Nexus Ventures IV's limited partners include endowments, foundations and financial institutions in North America, Europe and Asia. The fund will focus on early-stage tech and data companies that are disrupting the consumer retail, financial services, healthcare and education sectors.
2 min read · 10 December 2015
Foundry Group moved to institutionalize several of its investment efforts into a new initiative called Foundry Group Next, the firm announced in a blog post.
2 min read · 09 December 2015
The British Columbia government has announced plans to form a $100 million venture capital fund focused on stimulating growth in the province's technology sector. The BC Tech Fund, part of the government's innovation strategy, aims to develop a sustainable venture capital system in British Columbia. As such, it will build on the activity of BC Renaissance Capital Fund, a $90 million venture fund of funds launched in 2007. The new fund will get underway next year following a process to secure a private sector fund manager to administer it. Venture invested in British Columbia in the first nine months of 2015 has been estimated at between $223 million and $290 million.
6 min read · 08 December 2015
Lewis & Clark Ventures' healthcare innovation fund has secured a $25 million funding commitment from Express Scripts. The fund will back early-stage innovation that provide "smarter" pharmacy solutions for patients.
3 min read · 08 December 2015
