Private Equity
Georgian Partners Growth Fund II, the second applied analytics fund of Canadian venture capital firm Georgian Partners, has secured a strategic investment from Cisco Systems Inc. The undisclosed commitment will add to the $100 million that Fund II raised in its first closing in February. Cisco announced plans last month to commit $150 million to support and accelerate innovation in Canada over the next 10 years. The strategy includes making investments in Canadian venture capital funds. Based in Toronto, Georgian Partners in May led the $10 million Series B financing of Top Hat, a mobile and web-based provider of classroom engagement and teaching tools.
2 min read · 10 July 2014
BitFury Group, a bitcoin infrastructure provider based in San Francisco and Amsterdam, has launched BitFury Capital, a seed fund. The focus will be on early-stage funding.
2 min read · 10 July 2014
San Francisco-based 137 Ventures said it raised $137 million for its second fund, underscoring the eagerness of investors to buy shares in start-ups before they hold initial public offerings, Reuters reported.
1 min read · 10 July 2014
According to a blog post on its site by founder Kent Goldman, a former partner at First Round Capital, Upside Partnership has raised a hard cap of $30 million for its inaugural fund. Upside Partnership will focus on providing seed capital. To read the announcement, visit here.
1 min read · 10 July 2014
The JOBS Act became law in April 2012 with the promise it would grease the skids of small company IPOs and pave a broader avenue to the capital markets. Two years later, a debate rages over just how wide an opening it has created, affiliate magazine Venture Capital Journal reports.
2 min read · 09 July 2014
The JOBS Act became law in April 2012 with the promise it would grease the skids of small company IPOs and pave a broader avenue to the capital markets. Two years later, a debate rages over just how wide an opening it has created, affiliate magazine Venture Capital Journal reports.
2 min read · 09 July 2014
Silicon Valley-based venture firm Palo Alto Venture Science is launching a $200 million fund. The focus will be on startups in various stages.
4 min read · 09 July 2014
The amount of capital committed to venture funds by public pensions more than doubled last year from the year before, writes guest columnist Michael Roth of Bison.
3 min read · 09 July 2014
Enthusiasm surrounding the impending IPO of the e-commerce company is breaking the ice for surging U.S. activity in fast-growing China.
3 min read · 08 July 2014
Fonds de solidarité des travailleurs du Québec FTQ has reported net earnings for the year ended May 31, 2014, at a record $774 million, resulting in an annual return of 8.3 percent. Net assets managed by the Montréal-based investor group have also reached a new high of $10.1 billion. Fonds de solidarité FTQ also reported investing $548 million during the year in support of Québec entrepreneurs. Last month, the organization appointed Gaétan Morin as its new president and CEO, replacing Yvon Bolduc.
3 min read · 07 July 2014
