News

Qiming Venture Partners closes $500 mln for fourth fund

China-based venture firm Qiming Venture Partners said Thursday that it has raised $500 million for its fourth fund. The pool's LPs include Princeton University, Robert Wood Johnson Foundation, NYU, Pantheon, Commonfund, Emerald Hill, Mayo Clinic, MIT and University of Pittsburgh Medical Center.

Jafco Ventures raises $260 mln for fifth fund

Jafco Ventures, which invests in mid-stage tech firms, said Thursday that it has closed $260 million for its fifth fund. According to the firm, the pool's LP base consists of institutional investors, endowments, foundations and family offices.

Venture funding goes ballistic: VCJ

Fundraising totals hit 6-year high in Q1; LPs advise caution

Venture fundraising goes ballistic

Fundraising totals hit 6-year high in Q1; LPs advise caution

Fund performance: Distributions from Union Square and Spark spiked last year

Washington State portfolio also sees performance gains from NEA, Canaan and Insight

Ottawa commits $300 mln to VC funding of Canadian digital companies

The federal government has unveiled a comprehensive new strategy called Digital Canada 150 aimed at allowing Canadians to take full advantage of digital opportunities. As part of the strategy, Industry Canada will through the Business Development Bank of Canada (BDC) provide $300 million in venture capital funding for digital companies. An additional $200 million has been earmarked to support small and medium-sized businesses with their adoption of digital technologies.

Ottawa commits $300 mln to VC funding of Canadian digital companies

The federal government has unveiled a comprehensive new strategy called Digital Canada 150 aimed at allowing Canadians to take full advantage of digital opportunities. As part of the strategy, Industry Canada will through the Business Development Bank of Canada (BDC) provide $300 million in venture capital funding for digital companies. An additional $200 million has been earmarked to support small and medium-sized businesses with their adoption of digital technologies.

Intel Capital raises $100 mln for third China fund

Intel Capital has launched a $100 million fund that will focus on accelerating innovation of smart devices and other related technologies in China. This is Intel Capital's third China-focused fund.

Florida SBA hires CalPERS PE officer Bradle

The Florida State Board of Administration has brought in some West Coast muscle to beef up its private equity team.

Newfoundland commits $10 mln to Build Ventures, plans new VC fund

The government of Newfoundland and Labrador has committed $10 million to Atlantic Canada-based venture capital firm Build Ventures. The firm, which was launched last year with the backing of BDC Venture Capital, the governments of other Atlantic provinces and others, is focused on making investments in regional technology startups. The latest commitment brings Build Ventures' total managed capital to around $60 million. The Newfoundland and Labrador government said it also has plans to establish a new provincial venture capital fund to complement the activity of Build Ventures. This will be done in partnership with Growthworks Atlantic Ltd, the Newfoundland and Labrador Angel Network and other investors.