A weekly roundup of VC fundraising, based on original reporting and VCJ analysis of regulatory filings. Included at the bottom is a downloadable Excel file of firms in registration, as compiled by VCJ. Spectrum 28 has raised $170 million for its debut fund. The limited partners of Spectrum Fund I include financial institutions, family offices […]
Chris Sudgen, managing partner of Edison Partners, is happy that the firm’s fundraising process is in the rear-view mirror. After about a year of fundraising from the first close last year to the final close in late second quarter, the Princeton, New Jersey, growth-stage firm said it raised $275 million for Edison Partners VIII, beating its $250 million […]
Boston-based venture firm Pillar Cos, which is looking to raise a $100 million inaugural fund, has added Sarah Hodges as a partner. Hodges co-founded Intelligent.ly and is a former adviser with Flybridge Capital Partners. She also previously worked at Pluralsight, Smarterer and FitnessKeeper. At Pillar, Hodges said she will make investments and build and manage the firm’s […]
By Alex Derber, VCJ correspondent The roster of senior staff and advisers at London-based C5 Capital could be lifted straight from a Pentagon strategy meeting, with an admiral, general and former Special Air Service major complementing other defense experts. This may be no surprise for a firm that has traditionally specialized in cybersecurity investment, but […]
Buyouts Insider venture capital Editor Alastair Goldfisher opines about Rothenberg Ventures, as well as its collapse and possible future. Meanwhile, yet another venture firm has opened a satellite office in San Francisco. Canaan Partners unveiled its new digs during an open house at its South Park neighborhood location, with General Partner Maha Ibrahim noting that everything is […]
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. Meanwhile, […]
Funds from OrbiMed Advisors, Canaan Partners and DCM Ventures lead a portfolio of early-decade venture investments at the San Francisco Employees’ Retirement System. All were able to post returns multiples of 2x or better after just several years of deploying capital, according to a performance report updated through December 2015. The funds are among 15 […]
Fueled by trends in mobile computing and big data, funding for venture-backed startups in financial technology has risen sharply in recent years, enabling new players to challenge incumbents, a leading academic in the field said. Interest remains strong as fintech beckons both traditional players and startups by offering a deeper understanding of consumer spending, lending and loan […]
Mobile phones have transformed daily life. But there is one glaring downside: We can’t put them down, even when we’re driving. Distracted driving—checking text messages, searching for Pokemon Go or playing songs on Spotify when we eyes should be on the road—is quickly becoming the number one cause of fatal car accidents. In 2014, 3,179 […]
Avalon Ventures, which invests in a mix of life sciences Internet and tech deals, announced it is targeting $300 million for its 11th fund and has held a $116.5 million close. The firm was founded in 1983 by Kevin Kinsella and has backed a number of companies that have gone public in recent years, such […]