By Rohit Kulkarni, SharesPost Pivotal, the cloud-software company spun out of Dell EMC and VMware, plans to go public this week. At the high end of its price range, Pivotal’s IPO would net $700 million at a $4 billion valuation. It would be the second largest IPO of 2018 behind Dropbox. (We excluded Spotify from […]
Investors are discovering that as venture firms’ portfolio companies turn to token sales and initial coin offerings to raise funds, the path from making equity investments to holding tokens is not straightforward. Take, for example, cybersecurity company MetaCert, which previously raised a couple million dollars in seed funding and late this month plans a private utility-token […]
The National Venture Capital Association took aim Thursday at a controversial federal bill re-writing the rules governing the review of foreign investments and acquisitions, calling the measure too restrictive and potentially damaging to venture capital. The bill is known as the Foreign Investment Risk Review Modernization Act of 2017 and it gives the Committee on […]
Canada’s venture capital market has started the year with a bang. The top 10 first-quarter VC financings drew a substantial $927 million from investors. That’s up 40 percent from the $661 million raised by the top 10 deals a year earlier and close to twice the $491 million raised by the top 10 deals in Q1 2016. The estimate is based on PE Hub Canada’s list of the largest rounds announced from January through March, supplemented by Thomson Reuters data.
By Alex Derber, VCJ Correspondent Europe’s seed and angel ecosystem has developed quickly in recent years as participation in tax-incentivized and other government investment schemes has grown. So new firms need to stand out from the crowd — which London-based Kindred Capital has achieved by offering its portfolio companies a share of its profits. “There is […]
Funds from Technology Crossover Ventures, Spark Capital and Polaris Partners lead a portfolio of mid-decade venture funds at the Los Angeles City Employees’ Retirement System. The portfolio, with vintages of 2004 to 2006, favors mid-sized funds with a multi-stage approach to investing. Two-thirds of the funds are between $100 million and $400 million, and half […]
Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]
Silicon Foundry started life as Sherpa Foundry in 2013, an offshoot of Shervin Pishevar’s and Scott Stanford’s Sherpa Capital. Now it hopes to raise its profile as a builder of bridges between corporations and the startups that could have an indelible impact on their businesses. “We’re helping them to identify potential targets (and) we’re helping […]
Steve Jurvetson has begun raising a new venture-capital fund five months after leaving DFJ, the firm he co-founded 33 years ago, according to an industry source. Details on the size of the fund were not available. However, it will focus on technologies related to commercial space exploration, quantum computing, robotics, artificial intelligence, blockchain, transportation, synthetic […]
Georgian Partners has raised most of the US$500 million ($645 million) target set for its fourth fund, as the firm executes an ambitious plan to broaden its reach in the North American market. Georgian Partners Growth Fund IV has so far secured US$450 million ($580 million), a source told PE Hub Canada. It is expected to cross the finish line in the weeks ahead, possibly at or near its hard cap of US$550 million. If successful, the fund would be Georgian’s largest to date and one of Canada’s largest private tech partnerships on record.