The firm raised $510m for its PE vehicle and $135m for its venture fund, say founder Rob Appleby and ventures head Alastair Cooper.
With a single dry close enabled by proactive existing LPs, the new fund means to address some of the world’s most intractable problems, from access to financial products to retraining of workers displaced by technology.
The Houston-based firm has raised over $100m for its debut fund to invest in deep tech companies.
With backgrounds in economic development, the VC firm’s co-founders are trying to raise the profiles of African tech start-ups that are addressing some of the continent’s toughest problems and highlight new venture destinations for investors.
The solo female GP is targeting $25 million for her debut fund after managing two funds at Portfolia.
For new investments in Malaysia and other countries, the global venture fund has partnered with a sovereign wealth fund that shares its interest in applying digital technology to clean energy, healthcare and education software.
.406 Ventures closed its latest fund below target because, 'In this market there’s no rationality to go bang your head against a wall for another nine months,' says co-founder Liam Donohue.
Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.
The industry has long fought off attempts at this kind of regulation, but many seem to accept it as inevitable, if not necessary.
Dutch venture capital firm Future Food Fund has closed its Article 9 impact fund on €40m, with commitments from the European Investment Fund, Risk Capital Resources, the Dutch Future Fund, Wageningen University & Research and regional development agencies Oost NL and NOM.