US

The growth equity fund manager has launched fundraising for a foodtech-focused venture fund located in Boise, Idaho.

The Berlin-based firm will soon hold a final final close on “around $120 million” for its third fund, co-founder and general partner Adam Zobler tells Venture Capital Journal exclusively.

PruVen Capital has closed on $378m for its second fund, which will target financial services and enterprise-focused start-ups.

Magnetar Capital is taking an unusual approach with its debut venture fund, offering compute time in lieu of cash to AI start-ups.

New Enterprise Associates is expanding beyond direct investing into secondaries, recently raising $468.2 million for NEA Secondary Opportunity Fund.

G Squared VI will focus on the tech subsectors of software-as-a-service, fintech, insurtech, mobility and consumer internet.

The firm has raised $30m for its inaugural fund, which will make seed investments in healthcare data and AI start-ups that enhance cancer care and research.

More than 50 investors have committed to the second fund from Pack Ventures, which is targeting $30 million.