Private Equity
A couple of Los Angeles-based entrepreneurs have launched a small venture fund to seed Southern California startups. TYLT Lab said today that it had secured commitments for $20 million. The Santa Monica-based firm had previously filed a report with the SEC on Feb. 28 showing that it had closed on $2 million. TYLT plans to make 12 to 14 deals of $50,000 to $2 million each. Its first two investments were in Cargomatic and PogoSeat.
3 min read · 11 March 2014
Venture capital funds distributed $6.3 billion to limited partners in the third quarter, marking a sharp gain from the prior quarter, according to a new report from Cambridge Associates.
2 min read · 10 March 2014
Canadian venture capital firm Renewal Funds has raised a total of $63 million in the final close of its third fund, Renewal3. The fund, which is focused on investing in early-stage growth companies in organic and natural foods, green products, and environmental and social innovation sectors, received capital commitments from individual investors, families, foundations and institutional investors based in Canada, the U.S. and Europe. Limited partners include 22 foundations. With Fund III's final close, total assets under management now stand at nearly $100 million. Founded in 1994, Renewal Funds has its headquarters in Vancouver.
2 min read · 10 March 2014
Design has become a key part of the young entrepreneur’s toolkit, as VCs pay heed with new hires and special programs
6 min read · 10 March 2014
Golden State portfolio’s venture holdings continue to generate solid results
2 min read · 10 March 2014
At VC fund of funds FLAG, co-founder Frazier step down after nearly 20 years at the firm
5 min read · 10 March 2014
Aspect Ventures becomes the latest firm with an all-female founding team
1 min read · 07 March 2014
Retail venture capital fund GrowthWorks Canadian Fund has been given extended creditor protection by the Ontario Superior Court of Justice, pursuant to the Companies' Creditors Arrangement Act, until April 10. The fund also completed its previously announced sale and investor solicitation process, though none of the proposals received were accepted. It is now in discussions with Roseway Capital, to which GrowthWorks Canadian Fund is obliged, to formulate an asset management and realization plan.
4 min read · 07 March 2014
Following a report in Newsweek that he is the creator of bitcoin, Satoshi Nakamoto on Thursday denied any involvement with the digital currency, Reuters reported.
2 min read · 06 March 2014
For the seventh consecutive quarter, PE distributions outpaced contributions during the third quarter of 2013
2 min read · 06 March 2014
