Lawrence Aragon

The New York firm raised a debut fund of $25m to invest in companies that address affordability, economic mobility and climate change.

The subsidiary of Hercules Capital has formed a new private credit lending program following the failure of Silicon Valley Bank, which was a lender and banker to about half of the venture-backed tech and life sciences start-ups in the US.

The failure of Silicon Valley Bank presents an enormous opportunity for venture debt providers.

Making up for several years of underinvestment in venture capital, the California Public Employees’ Retirement System committed more than $1.1bn to 15 venture vehicles last year.

The failure of Silicon Valley Bank, a longtime favorite of the tech industry, has venture capitalists scrambling to help portfolio companies that are depositors with the bank and make sure their own firms’ deposits are safe. One VC described the bank’s collapse as an “extinction level event” for technology start-ups.

If a storied venture firm like Sequoia is scrutinizing its due diligence practices, other firms would do well to do the same. 

Fund II's backers include Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and family offices.

Headline’s Deepdive technology helps the firm discover insights – and spot potential fraud – by analyzing a company’s raw financial and usage data.

SixThirty Ventures has closed on $66 million for its third fund, which will invest in early-stage companies at the intersection of finance, health and privacy.

Bain Capital Ventures has raised a total of $1.9 billion across two new venture funds, more than twice as much as it raised for a previous flagship fund.