The capital overhang in the venture capital industry hit a decade high last year as managers in the United States and Europe raised money at a rapid pace. As of June 30, 2016, the overhang climbed to $121.4 billion, an increase of $26 billion, or 27 percent, from the year-earlier period, according to a study from […]
Wildcat Venture Partners has closed an inaugural fund of $56.5 million, short of its $100 million target. With the large amount of venture capital raised nationwide last year, many LPs found they were fully committed and unable to make additional investments, said Wildcat Founding Partner Bruce Cleveland. Cleveland said he anticipates the firm’s next fund will […]
After a robust 2016, in which U.S.-based venture firms raised $40.5 billion in commitments, the new year has gotten off to a much slower start. Nearly $1.7 billion was raised in February, following $1.6 billion in January, according to a VCJ analysis of preliminary fundraising data from Thomson Reuters. The only month last year that […]
Venture investing hit a record in Israel last year, even as it pulled back in the United States, Europe, India and South America. This news will likely surprise GPs without boots on the ground in Tel Aviv, since greater exposure to Israel isn’t exactly a top strategic priority at many partnerships. But perplexed VCs might […]
Israel’s technical prowess has long stemmed from the training engineers receive in nation’s defense apparatus, including its secretive intelligence Unit 8200. Today this expertise is expanding beyond the traditional areas of cyber security and network infrastructure into the newer disciplines of fintech, autonomous driving, the Internet of Things and virtual reality. This, in turn, is […]
February is winding down and the pace of fundraising has been slow for U.S.-based funds. With just a couple of days left, it may end up being the slowest month since late 2015, according to preliminary data from Thomson Reuters. But the highlights from February include two venture funds from Los Angeles have closed new pools […]
A 2012 Canaan Partners fund is firmly in front of a generally well-performing early-decade venture portfolio at Hawaii Employees’ Retirement System. The portfolio of vintage 2011 to 2015 funds includes several of the best performing fund years of the past decade-and-a-half. And it reflects these better times. All but two of the still young funds have […]
Returns matter when you’re a GP, especially when raising a fund. And in lieu of past investments, first-time fund managers have to rely on reputation and connections when meeting with LPs. Just ask Minal Hasan, founder and general partner of K2 Global. In 2015, the onetime journalist (at the San Jose Mercury News) and startup attorney launched […]
By Alex Derber, VCJ Correspondent Vaclav Muchna joined a tiny vanguard of Eastern European entrepreneurs when, in 2000, he founded the company Y Soft, a provider of enterprise print management solutions, in the Czech Republic. Since then, the company has launched its own venture arm Y Soft Ventures and expanded into the United States. Muchna, […]
A record 375 healthcare startups in the Midwest raised $1.7 billion last year, according to the BioEnterprise Midwest Healthcare Growth Capital Report. The capital invested trailed 2014, the largest year for dollars dispersed, by only $60 million, making it a near record, as well. The report is the latest evidence of the growing role healthcare […]