Emerging Managers

Upfront Ventures raising pair of funds targeted at $500 million

Upfront Ventures announced it is raising a sixth fund targeted at $380 million and a second opportunity fund targeted at $120 million, according to two separate regulatory filings. The Santa Monica, California-based firm raised $280 million for its fifth fund in 2014, according to Thomson Reuters. Upfront is led by Mark Suster and Yves Sisteron and invests in such fields as SaaS, digital media, and food and agriculture, according to its website. No investor commitments are listed on the filings.

Funds in registration: 100 funds seeking more than $13 bln

Serra Ventures raises $32.4 mln third fund

Serra Ventures has raised a $32.4 million third venture fund, according to a filing with the SEC.

B Capital Fund holds second close of $181 mln

Facebook co-founder Eduardo Saverin’s B Capital Fund has held a second close of $181 million, according to a regulatory filing. B Capital Group has offices in Los Angeles, San Francisco and Singapore, and was founded by Rajarshi Ganguly and Saverin, who moved to Singapore in 2011. It invests in financial services, healthcare, and transportation industries worldwide, according to its website. The fund closed an initial $143.6 million a year ago. So far, 29 investors have committed to the fund, which does not list a target amount.

Engage Ventures raises $15 mln seed fund

Engage Ventures said it has raised a $15 million seed fund with the backing of a handful of strategic investors.

Dundee wraps up third fund with $30 mln

Omaha, Nebraska seed-stage investor Dundee Venture Capital, which last year partnered with Lakewest Venture Partners in Chicago, has raised $30 million for its third fund, according to a regulatory filing. The filing says the commitments came from 98 investors. Dundee last year opened a new office in the Minneapolis area as part of its ongoing regional growth plan to expand in the Midwest. It focuses on e-commerce, B2B SaaS and consumer-network focused startups.

Bridge Line Ventures targets $100 mln fund

Bridge Line Ventures has closed $653,456 of a targeted $100 million fund, according to a regulatory filing. The firm is based in Boca Raton, Florida, and is led by Leonard Sokolow, Robert Abrams and Robert Spitler.

Seyen Capital targets $30 mln for initial fund

Chicago-based venture firm Seyen Capital is seeking to raise $30 million for its inaugural fund, according to an SEC filing. George Spencer, a former partner and co-founder of both Adams Street Partners and JK&B Capital, is listed as a senior managing director of Seyen Capital on Crunchbase.

Sequoia China partner Samantha Du raising $150 mln for venture fund

Former Sequoia Capital China Managing Director Samantha Du is raising $150 million for a venture fund, according to a filing with the SEC.

Outpost Capital raises $5 mln of targeted $50 mln fund for AR/VR

Outpost Capital has raised $5 million for a targeted $50 million inaugural fund, according to a regulatory filing. The Mountain View, California, firm is led by Ryan Wang and Sha Zhou, and invests in virtual and augmented reality, artificial intelligence, and blockchain technologies with an emphasis on China. The $5 million comes from one investor.