Private Equity
Union Square, IA, Foundry among top performers, new additions from True, Techstars
2 min read · 27 May 2014
The Sapling Fund, an early-stage venture fund in Columbus, Ohio, has launched a $50 million fund. Its focus is on firms that "leverage technology to create major disruptive improvements in multi-billion dollar verticals."
2 min read · 23 May 2014
River Cities Capital Funds has raised $200 million in the final close of its fifth fund. The target was $150 million.
3 min read · 20 May 2014
Union Square, Spark advance in mid-decade venture portfolio
2 min read · 19 May 2014
Insight Venture Partners said Monday that it has closed $510 million for its third coinvestment fund. The pool will focus on global software, internet and data services firms.
2 min read · 19 May 2014
Retail venture capital fund GrowthWorks Canadian Fund has entered into an a court-approved investment adviser agreement with Roseway Capital. Under the agreement's terms, Roseway will act as adviser and make investment and divestment decisions regarding the fund's portfolio. The GrowthWorks fund will pursue an orderly disposition of its assets with a view to satisfying its payment obligations to Roseway and unsecured creditors. Total indebtedness owing to Roseway is approximately $18.9 million.
4 min read · 15 May 2014
Monk's Hill Ventures has launched an S$100 million (about $80 million) early-stage tech fund that focuses on Asia-based startups. In addition to investing in tech startups in Southeast Asia, the pool will also back startups in Silicon Valley and other parts of the world that want to expand in Asia.
3 min read · 15 May 2014
GGV Capital, a U.S. and China-focused venture firm, said Wednesday that it has closed $620 million for its fifth fund. Its LPs include the University of California Regents. GGV Capital was an early backer of Alibaba.
3 min read · 14 May 2014
The Canadian government has made a $1.74 million funding commitment to Centre d'entreprises et d'innovation de Montréal (CEIM). The funding is intended to support CEIM's business incubation activity in emerging technology sectors, including communications, information technology, new media, clean and industrial technology, and life sciences. CEIM was founded in 1996.
2 min read · 13 May 2014
Norwest Venture Partners, which has enjoyed a number of sizable liquidity events recently, announced it has raised a $1.2 billion fund to make multi-stage investments worldwide. The firm said that it achieved 11 exits in 2013 with a combined market cap of $10 billion. Exits last year include the IPOs of FireEye, RetailMeNot and Cyan. Acquisitions include the $525 million sale in late October of Virtela Technology Services to NTT Communications Corp and the acquisition of 41st Parameter to Experian for $324 million. Palo Alto, Calif.-based Norwest, which also has offices in India and Israel, similarly raised $1.2 billion for its 11th fund, which closed in late 2009.
5 min read · 13 May 2014
