North America

Alliance Consumer Growth, an early backer of Shake Shack and Athletic Brewing, has closed its fifth fund at $160m.

The firm is seeking $400m for NewView Capital Fund III and $300m for NewView Capital Special Opportunities Fund III.

Women-led VC funds are back on track to raise $3 billion this year, following a tepid fundraising outlook in May.

Investors include BDC Capital and Fonds de solidarité FTQ, as well as more than 30 family offices and domestic and international angel investors.

Forbion, a life sciences venture capital firm, has held a first close on €75m for Forbion BioEconomy Fund I, which is targeting €150m.

Sovereign’s Capital has closed on more than $60 million for its fourth venture capital fund, which will invest in "faith-driven teams" in the US and Southeast Asia.

Index Ventures has raised $800 million for its 12th venture fund and $1.5 billion for its seventh growth fund.

J2 Ventures, a Boston-based deep tech venture firm, has raised $150 million for its second fund, beating its target by $30 million.

The convoluted structure of the healthcare industry and unique challenges of technology adoption give VCs with experience as clinicians and operators an advantage, says Zoi Capital co-founder Dr. Ronald Razmi.