Lawrence Aragon
Limited partners in the fund include Gates Frontier, Corning Inc and JSR Corporation.
Eclipse Ventures, which invests in 'companies that transform physical industries critical to people’s lives,' announced it has raised a total of $1.23bn across two new funds.
Bitget has raised $100 million for its venture capital fund focused on backing crypto projects mostly in Asia.
Canaan has just raised the largest fund in its 36-year history, closing on $850 million for Canaan XIII - $50 million more than its last flagship fund.
Some investors have started to push back on GPs, but it appears they are hesitant to slam on the brakes for fear of missing out on strong returns down the road.
S2G Ventures has launched a $300m special opportunities fund to provide flexible financing for companies focused on creating positive long-term social and environmental impact.
The fund's investors include British International Investment, the Global Energy Alliance for People and Planet, UK charity Shell Foundation and DOEN Participaties.
Core Ventures Fund I's LPs include state and city public pension funds, foundations and endowments, funds of funds, hospital and health systems, sovereign wealth funds and family offices.
A well-established venture firm missing its fundraising target signals that some LPs are cutting back on their commitment sizes.
OpenView set an ambitious target for Fund VII, aiming for a nearly 80% increase from Fund VI, which closed in October 2020.