Private Equity
Vistara Capital Partners, a newly-formed Canadian growth investor in technology companies, has closed its inaugural fund. Vistara Capital Partners Fund I LP, which secured an initial $80 million earlier this year, raised its target of $100 million in the final close. A total of 45 limited partners, reflecting high net-worth investors, family offices and private charitable foundations, committed capital to the fund. Based in Vancouver, Vistara was founded by Managing Partners Fabio Banducci and Randy Garg. As reported by peHUB Canada in May, the firm plans to offer debt, equity and quasi-equity financing to established companies in North American technology and technology-enabled services sectors.
3 min read · 29 July 2015
Expensify, a provider of expense reporting solutions backed by OpenView Venture Partners, Redpoint Ventures and others, has launched a venture capital unit called Expensify Ventures. The strategic venture outfit will back early-stage companies in fintech, expense management and travel booking. Support for investments is coming from an undisclosed Series C round of funding that the San Francisco-based company raised earlier this year. Expensify Ventures has disclosed its first investment, having backed Piper, a provider of digital receipt solutions.
4 min read · 28 July 2015
Growth equity returns trail venture performance in the Hawaii Employees’ Retirement System portfolio.
2 min read · 28 July 2015
Deerfield Management Company LP has raised $550 million for its healthcare innovations venture fund. The limited partners of Deerfield Healthcare Innovations Fund LP include New York-Presbyterian Hospital, Memorial Sloan Kettering, Seattle Children's Hospital, the Robert Wood Johnson Foundation, Princeton University and Northwestern University. The fund will focus on backing "groundbreaking advancements in science that may lead to therapeutic interventions in genetic diseases, cancer, and orphan diseases" as well as healthcare technologies.
3 min read · 28 July 2015
Mega deals play big role again this year as they did last year for mutual funds and hedge funds investing in VC-backed companies.
2 min read · 28 July 2015
Venture fundraising in Europe took off in the second quarter, primarily due to a new Index Ventures growth fund. Investing ticked up, too, but not at the same pace.
1 min read · 27 July 2015
Envision Ventures said Monday it closed a $100 million venture capital evergreen fund formed in partnership with Managing Partner Dan Ahn. Mountain View, California-based Envision will invest in software companies in Big Data, Security and Internet of Things. Investments will range between a few hundred thousand dollars up to $10 million.
2 min read · 27 July 2015
Village Capital has raised $13.2 million for its newest fund. The limited partners of VilCap Investments include Jean and Steve Case and The Kapor Center for Social Impact. Founded in 2009, Village Capital "finds, trains, and funds entrepreneurs solving global problems," according to its website.
2 min read · 27 July 2015
Toronto-based Real Matters was the top venture deal of the month in Canada, raising C$60 million
1 min read · 26 July 2015
M&A deals fall in quarter despite LinkedIn’s purchase of Lynda.com pushing the combined value above $4 billion
3 min read · 26 July 2015
