Below is performance data for the Public School Employees’ Retirement System‘s vintage 2008 and 2015 venture funds. Internal rates of return from the Pennsylvania LP are current as of September 2017. To download the full version of the spreadsheet below with additional data, click here: PSERS venture capital portfolio (2008 to 2015) PSERS venture capital portfolio (2008 […]
Biotech IPOs have had a charmed year in the public markets. Expect more enchantment to follow. Through the third quarter, 45 biopharma companies have held offerings on U.S. exchanges, according to Silicon Valley Bank. The sector is on pace this year to reach perhaps 60, not a far cry from 2014’s laudable total of 67. […]
Innovation stands at the core of the four-year-long biotech boom, and eager investors fall over themselves to get involved. Take Boston-based exosome-detection startup NanoView Biosciences. The company announced a $10 million Series B round in October, two years after taking in Series A capital, and kicked off its fundraising with phone calls to about two […]
Investors in Israel are preferring more mature Israeli companies over seed-stage startups. Financing for seed-stage companies in Q3 was the lowest since 2013, according to the quarterly report by IVC Research Center and the law firm ZAG-S&W. In the quarter, investors put $29 million into 21 Israeli seed-stage companies. Those are the lowest deal and […]
For U.S. Venture Partners‘ Dafina Toncheva, the first success factor startup founders need is determination. “Entrepreneurs can beat the odds if they have a relentless conviction in their ideas and abilities,” she says. And she should know. Having struggled out of a childhood in a small Bulgarian town, she’s built her own career on grit […]
Emerging managers raised more than $2.4 billion in the past few weeks; venture capital firms were responsible for more than $500 million of that. No young venture firm raised more than March Capital Partners. The Santa Monica, California-based firm raised more than $255 million across two funds currently in market. Atomic, a startup studio backed […]
As Israel’s M&A market has become more active in recent years, it is also becoming more diversified in terms of buyer profile. That’s according to Israeli firm Viola Growth, which found that more non-U.S. acquirers, including international private equity firms, are buying Israeli companies. Viola Growth looked at 100 acquisitions of Israeli companies of $150 […]
Bessemer Venture Partners has raised a $1.85 billion 10th fund that is slightly larger but adheres to the firm’s single-fund, multi-stage strategy of early- to late-stage investing. With the new fund, the firm rejected the idea of scaling massively in response to SoftBank’s nearly $100 billion Vision Fund or raising multiple funds with independent strategies. […]
Below is performance data for the Public School Employees’ Retirement System‘s vintage 2003 and 2007 venture-capital funds. Internal rates of return from the Pennsylvania LP are current as of September 2017. To download the full version of the spreadsheet below with additional data, click here: PSERS venture capital portfolio (2003 to 2007) PSERS venture capital portfolio (2003 to […]
Camber Creek in June said it closed its $30 million second fund targeting tech companies in the real estate industry. So far, eight investments have been made, with the firm’s typical first check ranging $1 million to $6 million. Camber Creek aims not to simply invest in companies but to use its connections to the industry […]