Rebecca Szkutak
The organization hopes to show other UK LPs the benefits of well-diversified venture portfolio.
The West Virginia Investment Management Board committed $20m to Franklin Park Venture Capital Fund XIII, an existing relationship.
The firm looks to invest up to $10m into 10 or fewer deep tech companies in India through a rapid fire investing process.
The firm raised $12m for its debut fund to provide seed capital to Polish companies. It maintains it's the first seed fund in Poland that has contacts at Silicon Valley firms.
Global healthcare VC funding had its strongest showing since Q3 2018, but deal counts continued to decline and activity in Europe and Asia also dropped dramatically.
The fund-of-funds raised $70m from European investors, such a private Belgian bank, high net-worth individuals and family offices in Luxembourg and Belgium.
Proptech has grown by 160x over the last decade and appeared on course to continue maturing as the covid-19 epidemic hit. But the emerging sector is poised to survive a possible downturn.
Disruptive start-ups only make it so far if the industry they are in doesn’t embrace them, so VC firms are working with legacy real estate players to improve the odds.
The firm will pull from this pool of capital and its network of angels for seed deals in consumer and enterprise deals.
The pension committed to two Battery Ventures funds and plans to make five more VC commitments in 2020.