Spectrum Equity beat the target for its seventh fund by more than $150 million, according to an SEC filing.
Canada’s venture capital market had a pretty good year in 2013. Will the market show similar momentum in 2014? Things were looking hopeful in the first quarter, when both VC fund disbursements and deals showed year-over-year growth. In the second quarter, the auspices also appear to be favourable, primarily because of a relatively large crop of sizeable IT financing rounds.
Canada’s Private Equity and Venture Capital Association (CVCA) these days has a full public policy agenda. Much of it is concerned with current or forthcoming federal and provincial programs to stimulate the venture capital market. The group also is keeping an eye on trends in international financial regulation. The CVCA's newly installed CEO Mike Woollatt, and CVCA advisor Richard Rémillard, who recently launched Rémillard Consulting Group, weigh in on today's policy agenda, top priorities and some issues that are appearing on the horizon.
After a monster exit with Oculus VR, two-year old VC firm shows it knows a thing or two about scaling fast.
Dave McClure’s 500 Startups will openly market its next seed fund taking advantage of newly approved rules from the Securities and Exchange Commission allowing the broad public solicitation of investors.
Tasktop Technologies, developer of an integration technology designed to improve software productivity, has raised $11 million in a Series A financing round. The deal was led by U.S. venture capital firm Austin Ventures and joined by Canadian firm Yaletown Venture Partners, which helped seed the company in 2013. Tasktop has found a warm reception in the market because the making and management of software is these days “core to modern innovation,” said Mike Satterfield, partner at Yaletown.
Many newer firms are boasting strong early performance, but LPs are looking for the breakout VCs that will create lasting franchises.
It is important to occasionally tip our hats to those who practice the challenging art of seed investing and show results for their efforts. That includes not only the VCs, but also the market agents who help shape deal-making. A few weeks ago, the Private Capital Markets Association of Canada recognized the work of GreenSky Capital, a boutique advisory firm that helped smart sensor maker Smart Energy Instruments raise over $6 million in seed-stage and Series A funding.
Menlo Ventures realized a return of 8x in less than three years on its investment in Dropcam, which was bought by Nest Labs, said guest columnist Mark Siegel of Menlo.
Austin Ventures is exiting Asset International after five years.