Technology has transformed nearly every industry. One glaring exception is the construction business. While white-collar professionals have made huge strides in productivity over the past several decades, construction workers have largely been left behind. “Construction is an industry stuck in the 1960s in terms of productivity,” said Yves Frinault, co-founder and chief executive of Fieldwire, a […]
The big story in Canada’s venture market in 2016 is larger rounds. A growing number of well-funded deals, like September’s US$120 million financing of Thalmic Labs, are providing unheard-of resources to startups looking to compete in global markets. VC funds have invested $2.2 billion in Canada so far this year, according to preliminary Thomson Reuters data, much of which has gone to deals sized north of $20 million.
Venture investing in Europe tumbled during the third quarter, mirroring trends in the United States, according to Dow Jones VentureSource. Investors put $2.81 billion to work during the period, down 32 percent from a strong second quarter. The deal total across Europe came to 464, down 3 percent, VentureSource found. Venture investing in the United […]
A lot of southwestern Pennslyvania startups got some coin in September. That’s according to Thomson Reuters data, which showed that Innovation Works, a Pittsburgh seed-stage investor focused on providing capital to the local region, was the most active venture investor nationwide in September. Innovation Works invested $750,000 in 10 seed and pre-seed startups during the month, according […]
Venture returns began ticking up almost a decade ago when IRRs almost doubled from a year earlier. The year of this turnabout was 2007 and the pooled IRR for the vintage grew to 16.82 percent as of this year’s second quarter, according to Cambridge Associates. If you need a reminder of what these vintages brought […]
Digital therapeutics, combining remote patient monitoring, behavior modification, wearables, data analytics and related technologies to treat patients with chronic conditions, has been big on promises but short on delivery, despite the best efforts of a number of venture-backed companies in the sector. But that’s about to change and for the better, according to a report […]
Sofinnova Ventures has closed a $650 million 10th fund with an increase in capital and a goal to invest in more companies. The firm also announced it added Sunil Agarwal to its investment ranks as a partner. He was previously chief medical officer at Ultragenyx. The new fund, Sofinnova Venture Partners X, is 30 percent […]
By Alex Derber, VCJ Correspondent London-based DN Capital expects its Global Venture Fund IV, which recently held its first close north of €100 million ($112 million), to remain heavily focused on Germany, where the firm has a Berlin office, Nenad Marovac, founder, chief executive and managing partner, told VCJ. DN raised its first fund in 2001, investing […]
Fundraising (value down 70%) Following a robust August, fundraising for U.S.-based venture firms dropped 70 percent, collecting $2.2 billion in September, compared with $6.9 billion the month before when two large growth-stage firms (TCV and Summit) raised capital. In September, Sapphire Ventures led the way for the month by pooling $702 million for its third […]
A bevy of deals in France during September helped the country lead Europe in venture capital raised during the month, according to a VCJ analysis of data from Thomson Reuters. Investors poured €185 million ($207 million) into 39 French startups in September. Among those to raise capital were Nuxeo SA, a developer of enterprise content management software, […]