Startups have disrupted all sorts of personal-care industries: hair, skin, vision, nutrition, even shaving. Now, a few are sinking their teeth into dental. It’s a large industry: Spending on oral care is about $40 billion a year, Grand View Research estimates. But for decades it has seen scant innovation. “It’s amazing that with all the […]
Funds from Summit Partners, Battery Ventures and Canaan Partners lead a portfolio of later life investments at the Public Employees’ Retirement System of Nevada. The portfolio, with vintages of 2004 to 2007, favors large funds, and a multi-stage and later-stage approach to investing. Half of the funds are $1 billion or larger, and most of […]
Canada’s venture industry is entering a new evolutionary phase as leading firms unveil big, bold plans for scaling brands, taking on new challenges, and filling market gaps. INovia Capital, a 10-year investor in North American tech companies, provides the latest and perhaps most ambitious example of the trend. Last month iNovia said it would blend its longstanding early-stage focus with an ability to do growth-equity deals, an initiative reportedly allied with a major US$500 million ($640 million) fund launch.
Alexis Borisy will take over later this month as the chair of the National Venture Capital Association and bring to the year-long position the perspective of a healthcare investor. Borisy, a partner at Third Rock Ventures, says he views his new role as a civic responsibility, and one that corresponds with a productive time for […]
Foresite Capital, which uses a data-driven approach to its multistage healthcare and life-sciences investments, has raised $668 million for its fourth fund. Founder and CEO Jim Tananbaum tells VCJ that the San Francisco firm aimed to raise $650 million but closed 3 percent higher, having added new LPs as well as a “significant representation of existing […]
By Alex Derber, VCJ Correspondent Central and Eastern Europe provides a steady pipeline of technology talent, yet venture capital investment in the region has languished at around €100 million ($123 million) a year since 2011, trade group Invest Europe says. New VC funds are thin on the ground, but that may change as the first […]
Cybersecurity worries continue, but cybersecurity investments fell sharply in the first quarter, with U.S. investors putting the smallest sum of capital to work in two years. Average deal size also pulled back in the quarter. The soft quarter followed a near record year in 2017 when funding for startups nearly topped the all-time record year […]
When Jason Mendelson first scouted Detroit’s entrepreneurial scene five years ago, his trips to the Motor City were more about training and mentorship than deal making. Now this Foundry Group investor’s schedule has reversed. During a recent visit, he found three companies of interest and says he learned as much as he taught. So, what […]
Ohio-based companies are laying claim to more venture dollars, with the amount of equity invested in Buckeye State companies in 2018 on track to nearly quadruple the amount raised three years ago. Columbus is leading the state’s tech renaissance, overtaking Cincinnati and Cleveland in terms of venture dollars raised in the first quarter of 2018, […]
A Sequoia Capital Chinese fund is facing off with the founder of one of the world’s largest cryptocurrency exchanges in a Hong Kong court over a deal agreement. A judge in the High Court of Hong Kong determined that an injunction Sequoia obtained, preventing the founder of Binance from entering discussions with any other firms, had been […]