Emerging Managers

Canvas raises $300 mln for second fund

Canvas Ventures, whose partners backed Houzz, Lending Club and Mulesoft, has wrapped up its second fund, reaching its hard cap of $300 million. The fund, which closed during the summer, is more than 70 percent larger than the firm's previous early-stage fund in 2013, when the Portola Valley, California, firm raised $175 million in commitments.

Fundraising recap: Spectrum 28 nets $170 mln, Elephant Partners scores $156 mln, and more

PIllar adds Hodges as partner

Boston-based venture firm Pillar Companies, which is looking to raise a $100 million inaugural fund, has added Sarah Hodges as partner. Hodges had co-founded Intelligent.ly and is a former adviser with Flybridge Capital Partners. She also previously worked at Pluralsight, Smarterer and FitnessKeeper. She blogged about her joining Pillar on Medium.

Dundee and Lakewest join forces, raise $20 mln to focus on Midwest market

Dundee raises $20 mln, partners with Lakewest

Dundee Venture Capital, an Omaha, Nebraska, seed-stage firm that invests in Midwest startups, said it held an initial close of $20 million for its third fund and partnered with Lakewest Venture Partners in Chicago. Lakewest Co-Founder David Mann will join the Dundee team, which includes Founder Mark Hasebroock and Partners Beth Engel and Greg Beaufait.

Fika Ventures seeks $50 mln for inaugural fund

Eva Ho, formerly with Susa Ventures, and Tianxiang Zhuo from Karlin Ventures, have filed a pair of regulatory documents for newly launched Fika Ventures. The Los Angeles firm is seeking $50 million in commitments, according to the filings (here and here). The firm will focus on startups in Los Angeles and the San Francisco Bay Area.

Building a foundation for crossing the Traction Gap

Fundraising recap: Avalon holds initial close, Brooklyn Bridge secures $15.5 mln, and more

Wireframe Ventures to raise $75 mln first venture fund

Wireframe Ventures has set out to raise a $75 million maiden venture fund, according to a filing with the SEC.

Brooklyn Bridge raises $15.5 mln for second fund

Brooklyn Bridge Ventures has hit its $15.5 million target for a second fund, according to an SEC filing.