Private Equity
Intermountain Healthcare has raised a $35 million, single-LP venture fund, according to a filing with the SEC.
1 min read · 18 February 2015
MaRS Discovery District has launched a financial technology (fin-tech) cluster to support startups that are developing new innovations in payments, financial services, peer-to-peer transactions, alternative lending, and crypto-currencies. The fin-tech cluster will be led by Adam Nanjee, previously a vice president at MasterCard Canada. Digital payments providers PayPal and UGO will be strategic partners in the initiative. The Toronto-based MaRS said qualified fin-tech startups will have immediate access to corporate partners, investors and advisory resources, as well as additional facilities later in 2015. A MaRS infographic highlighting facts about Canadian fin-tech can be viewed here.
5 min read · 18 February 2015
Cintirfuse disclosed this week it has invested in the latest vehicle of Techstar Ventures, which announced last month it has raised $150 million for its third and largest fund to date. The investment in Techstars is the sixth fund that Cincinnati-based Cintirfuse has backed. The Cintrifuse Early Stage Capital Fund I, a $57 million fund of funds, focuses on regional and national early-stage venture capital and has previously announced investments in funds managed by Allos Ventures, Lerer Hippeau Ventures, Mercury Fund, Sigma Prime Ventures and Upfront Ventures.
1 min read · 18 February 2015
Wamda Capital has raised a $55.7 million venture fund to invest in the Middle East and North Africa, according to an SEC filing. The target for Wamda MENA Ventures I is $75 million.
1 min read · 17 February 2015
Sequoia Capital has raised a combined $1.1 billion for funds in China and India, according to SEC filings.
1 min read · 13 February 2015
Emergence Capital Partners announced a $335 million fourth fund on Wednesday along with a shift in investment strategy to earlier Series A and Series B companies.
2 min read · 12 February 2015
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has agreed to commit up to $500,000 to York Angel Investors, a network of angel venture capitalists based in Markham, Ontario. The funds will help the organization improve its investment tools, expand its investor base and pool, and improve mentoring support to early-stage companies in Ontario. Since it was founded in 2008, York Angel Investors has invested $4.9 million in 31 companies. FedDev Ontario said it has committed more than $3 million to 12 angel organizations.
3 min read · 11 February 2015
SaskWorks Venture Fund, a retail venture capital fund managed by Regina-based PFM Capital, has raised a total of $40 million in its latest fundraising period, reaching its allotted tax-eligible subscription limit. The fund will re-open for subscription sales on March 5, 2015. Founded in 2001, SaskWorks Venture Fund invests in small and medium-sized private companies. It currently has over 27,900 shareholders and has approved more than $354 million for investment.
1 min read · 11 February 2015
Lux Capital has set out to raise a $350 million fourth fund, according to an SEC filing. No first close is yet reported. The firm's previous $245 million fund was raised in 2013, according to Thomson Reuters.
1 min read · 11 February 2015
Emergence Capital Partners said it raised a $335 million fourth fund, Emergence Capital Partners IV. The firm, in a press release, said the fund was "immediately oversubscribed" and eventually capped.
3 min read · 11 February 2015
