Drive Capital has raised $1bn across two new funds to serve companies in the so-called 'Driveway,' a region spanning from the Hudson River to the Rocky Mountains often overlooked by investors.
Nordic investor Butterfly Ventures has raised €47 million toward a target fund size of €100 million, with first-close investors including Saminvest and Tesi.
The fund will be used to back later-stage start-ups.
Bessemer raised $2.475bn for early-stage tech fund Bessemer Venture Partners XI and $825m for growth fund Century II in February 2021.
Women-focused venture capital firm True Wealth Ventures has closed its second fund at $35 million, noting that the vehicle was oversubscribed.
The majority-Black-owned venture firm, has raised $203m for its second seed-stage fund.
Kotak Investment Advisors Ltd, the largest homegrown alternatives player in India, plans to raise a venture capital fund and a fund of funds.
A new venture fund takes an impact investing approach to address structural impediments LGBTQ+ founders confront in fundraising.
Patrizia AG, a global manager of real estate and infrastructure assets, has held a first close on €50 million ($52.8 million) for a new fund called Sustainable Futures Ventures.
New York City-based early-stage venture firm Vine Ventures has closed its second fund on $140m.