North America

Hedge fund Coatue Management closes its debut $700 mln venture fund

Coatue Management, a tech-focused hedge fund based in New York City, has reportedly raised $700 million for a new early-stage venture capital fund.

Iporanga Ventures to raise $100 mln venture-capital fund

Iporanga Ventures has set out to raise a $100 million early-stage venture-capital fund, according to a filing with the SEC.

Clearbanc secures $300 mln to fuel e-commerce funding model

Clearbanc, a Toronto-based provider of marketing capital for e-commerce brands, has raised about $300 million in additional financing. The equity portion, reportedly about $50 million, was led by U.S. venture capital firm Highland Capital Partners. General Partner Dan Nova will join the board. Highland was joined by Inovia Capital and Emergence Capital, both of which invested in last year’s combined $120 million financing. The balance of the new round, led by Arcadia Funds and Upper90, will capitalize a fund intended to back Clearbanc’s e-commerce clients.

Capstar targets $75 mln for new venture fund

Capstar Partners LLC is seeking to raise $75 million for its new venture fund, according to an SEC filing. Based in Austin, Texas, Capstar invests in early-stage private companies across a variety of industries.

Biome Makers lands $4 mln

Biome Makers, which uses advanced data analytics and artificial intelligence to analyze the soil’s ecosystem and provide insights to farmers, has secured $4 million in funding. Seaya Ventures and JME Ventures led the round with participation from LocalGlobe.

Digital identity startup Yoti nabs funding

UK-based digital identity startup Yoti has raised 8 million pounds in funding, according to an announcement on the site. The investors were not named.

Babylon Health rakes in $550 mln

London-based Babylon Health, a health service provider that provides remote consultations with doctors and health care professionals, has secured $550 million in funding. The investors included PIF, Munich Re, Kinnevik AB and Vostok New Ventures.

NextStep Interactive grabs $3 mln

Seattle and Bozeman, Montana-based NextStep Interactive, a startup that aims to help displaced workers retrain for health care careers, has secured $3 million in funding. The investors SEI Ventures, JAZZ Venture Partners, Learn Capital, Springrock Ventures, City Light Capital and Frontier Angels. NextStep is a spinout of Pioneer Square Labs.

Mexico Ventures backs CerraCap II LP

Mexico Ventures has made an undisclosed investment in CerraCap II LP. Headquartered in Orange County, California, CerraCap Ventures is an early-stage venture specializing in cybersecurity, advanced analytics and healthcare technology investments.

Greylock names Saam Motamedi general partner

Greylock Partners has named Saam Motamedi a general partner.