Emerging Managers

Three former Black Coral Capital partners launch Spring Lane Capital

Three partners from Boston-based venture firm Black Coral Capital are raising up to $400 million for an inaugural fund as partners of a new firm, Spring Lane Capital, according to a filing with the SEC. Rob Day, Christian Zabbal and Nikhil Garg are listed as partners in Spring Lane Capital, according to the filing from Monday. No investors are mentioned in the filing. Black Coral, which focused on the cleantech sector, is in the process of winding down, Axios reported.

Data spotlight: Fundraising falls in July

Eric Schmidt’s Innovation Endeavors merges with Israel’s Marker LLC

Innovation Endeavors said it merged with Israel’s Marker LLC, and in a blog post noted that the combined entity would retain the Innovation Endeavors name.

Point Nine Capital: branching out from Berlin

Silicon Valley Data Capital raises $38.3 mln toward venture fund

Silicon Valley Data Capital said it has raised $38.3 million toward a venture capital fund, according to a filing with the SEC.

500 Startups still bullish despite loss of Canadian fund

Little-known Gigafund seeks $100 mln

A new fund called Gigafund, led by two members of Founders Fund, is seeking $100 million in capital, according to a regulatory filing. The listed partners at Gigafund are Luke Nosek, one of the early employees of PayPal and a partner at Founders Fund, and Stephen Oskoui, who's LinkedIn profile says he is a venture partner at Founders Fund. The listed address of Gigafund is 1220 Seaport Blvd. in Redwood City, California, the same address as law firm Gunderson Dettmer.

NewAlpha fosters French fintech

Monta Vista Capital to raise $30 million second venture fund

Monta Vista Capital has set out to raise a $30 million second venture fund, according to a filing with the SEC.

Revel Partners raises $20.6 mln toward $50 mln second fund

Revel Partners has raised $20.64 million of a targeted $50 million second fund, according to a filing with the SEC. The New York-based firm is led by Chris Young, Joseph Apprendi, and John Vincent, and makes early-stage investments in enterprise SaaS companies, according to its website. Thus far, 21 investors have committed to the fund.