North America

Newark Venture Partners has raised $62.1 million for its third fund, which is targeting $100 million.

Investors include Paychex, ADP Ventures, Healthworx, The Cigna Group Ventures, Guardian, MetLife, Unum, Strada Education Foundation and Impact Engine.

LPs include Allina Health System, Bernick's, Fifth Third Bank, FR Bigelow Foundation, MSP Equity Fund and Shakopee Mdewakanton Sioux Community.

Under the no-action guidance letter for rule 506(c), funds will be allowed to assume that investors who can write a check to cover the minimum standards for accreditation meet the statute’s wealth thresholds.

Shine Capital is seeking to raise $200m for its third fund, less than three years after quickly raising its sophomore fund.

The backlash against diversity, equity and inclusion efforts has prompted an emerging manager focused on LGBTQ+ entrepreneurs to give up on his effort.

A seasoned angel investor, Anand Chandrasekaran is excited to apply his operating skills to further advance the deeptech VC’s hardware systems practice.

The public pension has committed a combined $95m to venture funds managed by Upfront Ventures, StepStone Group and Mission BioCapital since 2019.

More than half of 127 climate fund managers surveyed expect to see more exits this year, and 46 percent expect an increase in exit valuations, a CREO survey finds.