News

Cendana raises a $50 mln fund of funds

Cendana Capital has closed on a new $50 million fund of funds and raised money for a direct investment fund, Managing Partner Michael Kim said. The new fund, Cendana Capital II, is a step up from Cendana's first fund, which was $28.5 million.

Making it as a woman in venture

Julie Meyer of Ariadne Capital talks about her place in venture and European investing.

Beleaguered Uber rakes in $1.2 bln

San Francisco-based car-sharing start-up Uber has raised $1.2 billion in funding, CEO Travis Kalanick announced in a blog post on the company's site.

Tiger Global and August Capital lead $225 mln round for AvantCredit

An investor group led by Tiger Global Management and August Capital has provided $225 million in Series D funding to Chicago-based online consumer lender AvantCredit.

Verizon Ventures goes mobile

Meanwhile, Google Ventures aims to avoid crowded buses with the latest connected car technology

Cooledge’s $18.4 mln funding may signal tipping point for LED market

LED startup Cooledge in Vancouver has raised US$18.4 from an unidentified alternative assets firm

Formation 8 raises $500 mln for second fund

Formation 8, which was founded in 2011 and has already scored at least one home run exit with the $2 billion sale of Oculus VR, announced it has raised $500 million for its second fund.

Depression drug-maker Naurex picks up $80 mln Series C

Evanston, Illinois-based Naurex, a developer of drugs that treat depression and other central nervous system disorders, has closed $80 million in Series C funding.

Tiger Global raises $2.5 bln venture fund

Tiger Global Management nearly doubled the amount of venture capital raised this quarter by unveiling a $2.5 billion fund in a document filed Friday with the Securities and Exchange Commission.

What the election results mean for venture capital

In looking ahead, the issues that are front and center in Washington include tax reform and patent reform