Emerging Managers

Evolution Equity Partners raises $125 mln venture capital fund

Evolution Equity Partners said it raised $125 million for a venture capital fund to invest in cybersecurity and enterprise software and services in North America, Europe and Israel, according to a press release.

Iron Pillar to raise a $150 mln venture capital fund

Iron Pillar has set out to raise a $150 million venture capital fund, according to a filing with the SEC.

Warren Weiss' WestWave Capital to raise $35 mln

WestWave Capital has set out to raise $35 million for a maiden venture fund. The firm is being run by Warren "Bunny" Weiss, presently a general partner at Foundation Capital.

Google launches Gradient Ventures to invest in AI

Google, whose interest in artificial intelligence includes its Google.ai project to incorporate AI technology across all of its products, has launched Gradient Ventures on Tuesday as an independent investment vehicle. The amount of capital available to invest was not disclosed. The firm will invest in early-stage startups focused on AI and also provide portfolio companies with resources and access to experts and boot camps in AI, according to a blog post by co-founder and Managing Partner Ann Patterson.

Designer Fund aims to raise $40 mln for second fund

The Designer Fund, a San Francisco-based firm that makes seed-stage investments in tech startups with a strong design focus, has filed a regulatory document seeking to raise $40 million for its second fund. The fund is twice the size of its $20 million inaugural effort that was closed in 2016.

With donor-advised funds, venture firms reach philanthropically minded investors

Jason Portnoy's new firm Oakhouse Partners files to raise $50 mln

San Francisco-based Oakhouse Partners has filed to raise $50 million in new commitments, according to a regulatory filing. The firm's sole GP listed on the document is Jason Portnoy, who previously was the founding partner of Subtraction Capital, which raised $20 million when it was founded in 2013.

Venture valuations are rising in France, but bigger exits needed

Dave McClure steps away from 500 Startups over inappropriate behavior

Dave McClure has stepped away from 500 Startups, the venture firm he co-founded in 2010, because of “inappropriate interactions with women in the tech community."

Miami accelerator TheVentureCity seeks to raise $100 mln

The newly launched Miami-based tech accelerator TheVentureCity is seeking to raise $100 million, according to a regulatory filing. The organization is led by co-founders Laura González-Estéfani, a former director of international business development and mobile partnerships at Facebook, and Clara Bullrich, a 20-year private banking and asset management veteran who most recently was managing partner for Guggenheim Partners Latin America.