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french vc firm ring capital raises $170 million fund


meet ring capital, a brand new vc firm based in paris. the firm just raised a new $170 million fund (€140 million) and might still be raising another $10 million or so for this fund.many new vc firms tend to focus on seed rounds at first. ring capital thinks there’s a series a and series b gap in france. that’s why ring capital plans to invest around €5 to €10 million ($6 to $12 million) in each company — sometimes a bit more, sometimes a bit less.ring capital has already invested in one company and plans to invest in around 15 companies using this fund. of course, there might be more funds down the road.“we’ve been investing in tech startups for 15 years,” nicolas celier told me. “when growth picks up, that’s when you need to sell the company because you’re already thinking about the next






caphorn invest raises $150 million fund to invest in b2b startups


french vc firm caphorn invest recently closed a new $150 million fund (€130 million). around 250 ceos and executives of big established companies invested in the fund as limited partners.this is caphorn invest’s second fund. the firm plans to focus on series a rounds, from $600,000 to $6 million (€500,000 to €5 million).what’s interesting about this vc firm is that it focuses on b2b companies that try to disrupt old and dusty industries. each partner is focusing on one vertical in particular. caphorn invest is also looking at companies that can sign deals with its lps. as long as it’s a double opt-in model, it could help startups find new clients.so far, caphorn invest has also invested in around 10 startups with this fund, such as critizr, finalcad, simplifield, ledger, fidzup, and brand






cendana capital — which funds 15 top seed-stage groups — just raised a ton of ca


michael kim is pretty much killing it.seven years ago, when he first approached investors with the idea of creating a fund-of-funds that would invest in seed-stage, or so-called micro vc, funds, they were cool to the idea. in fact, it took kim — formerly a partner with the venture firm rustic canyon ventures — roughly two years to raise the firm’s $28.5 million debut fund.fast-forward, and kim’s cendana capital — which has backed venture firms forerunner ventures, softtech vc, ia ventures, freestyle capital, k9 ventures, bowery capital and lerer hippeau ventures, among others  — just closed on $260 million in fresh capital across a network of five funds.one vehicle is cendana’s third and newest fund-of-funds, which works just like that $28.5 million debut fund, except it’s nearly three tim






cendana capital — which funds 15 top seed-stage groups — just raised a ton of ca


michael kim is pretty much killing it.seven years ago, when he first approached investors with the idea of creating a fund-of-funds that would invest in seed-stage, or so-called micro vc, funds, they were cool to the idea. in fact, it took kim — formerly a partner with the venture firm rustic canyon ventures — roughly two years to raise the firm’s $28.5 million debut fund.fast-forward, and kim’s cendana capital — which has backed venture firms forerunner ventures, softtech vc, ia ventures, first round, freestyle capital, k9 ventures, bowery capital and lerer hippeau ventures, among others  — just closed on $260 million in fresh capital across a network of five funds.one vehicle is cendana’s third and newest fund-of-funds, which works just like that $28.5 million debut fund, except it’s nea






cendana capital — which funds 15 top seed-stage groups — just raised a ton of ca


michael kim is pretty much killing it.seven years ago, when he first approached investors with the idea of creating a fund-of-funds that would invest in seed-stage, or so-called micro vc, funds, they were cool to the idea. in fact, it took kim — formerly a partner with the venture firm rustic canyon ventures — roughly two years to raise the firm’s $28.5 million debut fund.fast forward, and kim’s cendana capital — which has backed venture firms forerunner ventures, softtech vc, ia ventures, first round, freestyle capital, k9 ventures, bowery capital, and lerer hippeau ventures, among others  — just closed on $260 million in fresh capital across a network of five funds.one vehicle is cendana’s third and newest fund-of-funds, which works just like that $28.5 million debut fund, except it’s ne






sequoia raised $4 billion across four funds, including $2 billion for its growth


sequoia capital has raised $4 billion in funding for a variety of funds, according to sec filings released yesterday. that includes $2 billion for its second growth fund, the size of which had previously not been announced.in addition to its growth fund, a filing for sequoia’s china growth fund iv, which was launched early last year, showed that the firm had raised $900 million to invest in startups in that market. another filing for sequoia capital india iv, a fund that’s been around since 2014, revealed that the firm had raised about $700 million for that market.also among the filings was sequoia’s fourteenth u.s. fund, which saw its first filing drop back in 2012. a followup filing in 2013 unveiled that the amount raised totaled $475 million. the latest filing shows that it hasn’t grown






sequoia raised $4 billion across four funds, including $2 billion for its growth


sequoia capital has raised $4 billion in funding for a variety of funds, according to sec filings released yesterday. that includes $2 billion for its second growth fund, the size of which had previously not been announced.in addition to its growth fund, a filing for sequoia’s china growth fund iv, which was launched early last year, showed that the firm had raised $900 million to invest in startups in that market. another filing for sequoia capital india iv, a fund that’s been around since 2014, revealed that the firm had raised about $700 million for that market.also among the filings was sequoia’s fourteenth u.s. fund, which saw its first filing drop back in 2012. a followup filing in 2013 unveiled that the amount raised totaled $475 million. the latest filing shows that it hasn’t grown






partech ventures raises $450 million fund


partech ventures has raised so many funds over the past couple of years that it’s hard to keep track of all of them. this time, the vc firm is closing the fundraising of partech international ventures vii. with $450 million under management (€400 million), the team plans to use this money for series a and b investments.this was the upper limit of this fund, so partech ended up raising as much money as it could for this fund. according to les echos, limited partners include nokia, l’oréal, cisco, accenture, intuit, renault and adecco.while most of the team is in paris, partech is doubling down on the u.s. by expanding its team on the ground. there will be 5 people on the investment team in san francisco.partech has already started investing with this new fund in chronext, qapa, akeneo, a/b






partech ventures raises $450 million fund


partech ventures has raised so many funds over the past couple of years that it’s hard to keep track of all of them. this time, the vc firm is closing the fundraising of partech international ventures vii. with $450 million under management (€400 million), the team plans to use this money for series a and b investments.this was the upper limit of this fund, so partech ended up raising as much money as it could for this fund. according to les echos, limited partners include nokia, l’oréal, cisco, accenture, intuit, renault and adecco.while most of the team is in paris, partech is doubling down on the u.s. by expanding its team on the ground. there will be 5 people on the investment team in san francisco.partech has already started investing with this new fund in chronext, qapa, akeneo, a/b






lerer hippeau ventures raises $28m fund for follow-on investments


seed investment firm lerer hippeau ventures is planning to write more later-stage checks, thanks to a new $28 million fund that it’s calling lhv select.“since the very beginning, going back to 2010, we’ve always had the same strategy,” said managing partner eric hippeau — a strategy that’s focused on making seed investments in new york startups. (the firm has invested in more than 300 companies, including buzzfeed, casper and warby parker, with the majority of them based in new york city.)the firm sets part of each fund aside so that it can participate as those startups raise additional funding, but hippeau said that after the series a, “we kind of run out of money to support the companies.”lhv select is supposed to address that, allowing the firm to remain involved in those later stage de






binary capital reportedly delays closing new fund amid controversy


in the wake of allegations of sexual harassment and the resignation of binary capital co-founder justin caldbeck, the firm has delayed closing its second fund, axios reports.caldbeck issued a statement saying he would take an indefinite leave of absence after multiple women in the tech industry alleged they faced unwanted and inappropriate advances from him. the information first reported the stories, with caldbeck putting out the statement late friday.it’s not clear how much information lps in binary capital’s upcoming fund had before the stories went out yesterday. but either way, it seems like the firm had been actively searching capital and the controversy may have altered the calculus of how the final deal is going to end.given the gravity of the situation, as well as the sexist behav






origin ventures raises $80 million to lead investments in startups


origin ventures, an 18-year-old venture capital firm based in chicago, has closed an $80 million fund, it announced thursday.this is the series a-stage firm's fourth fund and its largest yet, said co-founder and partner steve miller ⇒. it is twice the size of origin's previous fund, which closed in 2013.origin has already invested in five companies since the fund's initial close in the first quarter of 2016. three of those — tock, tovala and avant — are based in chicago. it was an early investor in grubhub, a business it exited when the online meal ordering company went public in 2014, he said. "one of the things that sets us apart from the younger funds in town, we have a track record of (net) realized returns," he said. miller declined to share details of origin's returns, but said its i






freestyle capital raised a new $90 million fund and promoted jenny lefcourt to g


freestyle capital has raised its fourth fund to invest in early-stage startups. this time around the firm is increasing the fund size to $90 million and promoting jenny lefcourt to general partner.freestyle was founded by josh felser and dave samuel, serial entrepreneurs who had previously built and sold a couple of companies together. after a short period of angel investing, the two raised their first fund of $26 million in 2011 and have added a new fund roughly every two years ever since.in 2013 the fund grew to $40 million, and they increased it again with their $60 million fund iii in 2015. for fund iv, freestyle upped the ante and raised $90 million, in part so that it could put lefcourt on an equal footing with the founding partners.“like most funds, we have continued to raise more a






freestyle capital raised a new $90 million fund and promoted jenny lefcourt to g


freestyle capital has raised its fourth fund to invest in early-stage startups. this time around the firm is increasing the fund size to $90 million and promoting jenny lefcourt to general partner.freestyle was founded by josh felser and dave samuel, serial entrepreneurs who had previously built and sold a couple of companies together. after a short period of angel investing, the two raised their first fund of $26 million in 2011 and have added a new fund roughly every two years ever since.in 2013 the fund grew to $40 million, and they increased it again with their $60 million fund iii in 2015. for fund iv, freestyle upped the ante and raised $90 million, in part so that it could put lefcourt on an equal footing with the founding partners.“like most funds, we have continued to raise more a






freestyle capital raised a new $90 million fund and promoted jenny lefcourt to g


freestyle capital has raised its fourth fund to invest in early-stage startups. this time around the firm is increasing the fund size to $90 million and promoting jenny lefcourt to general partner.freestyle was founded by josh felser and dave samuel, serial entrepreneurs who had previously built and sold a couple of companies together. after a short period of angel investing, the two raised their first fund of $26 million in 2011 and have added a new fund roughly every two years ever since.in 2013 the fund grew to $40 million, and they increased it again with their $60 million fund iii in 2015. for fund iv, freestyle upped the ante and raised $90 million, in part so that it could put lefcourt on an equal footing with the founding partners.“like most funds, we have continued to raise more a






seattle venture-capital firm biomatics raises $200m for first fund


the vc fund, set up by two former executives of the bill & melinda gates foundation, plans to invest in companies focused on genomics and data-driven health care.two former executives of the bill & melinda gates foundation have a plan to support young biotech companies, and they are armed with $200 million to do it.boris nikolic and julie sunderland launched seattle venture-capital firm biomatics capital last year, and originally sought to raise $150 million for its first fund. it ended up closing with $200 million, the company announced wednesday.nikolic previously served as bill gates’ chief adviser for science and technology, and sunderland was the director of program-related investments at the foundation. the pair began investing together in 2010 before deciding to start biomatics in 2






dfj growth closes its third fund with $535 million


dfj growth, the 11-year-old growth-stage arm of the 31-year-old sand hill road firm, has closed its third vehicle with $535 million, slightly more than it was targeting when it began fundraising in the spring of last year. it had closed its previous growth fund with $470 million in may 2014.the firm has invested in four new portfolio companies over the past year, including the games and “experiences” development platform unity; giphy, which provides a search engine for a vast library of gifs; the connected doorbell startup ring; and katerra, an end-to-end design and construction platform co-founded by former flextronics ceo michael marks.dfj growth typically makes four to eight new investments per year.yesterday, we had a quick exchange with firm co-founder randy glein about the market, th






floodgate closes sixth fund with $131 million


floodgate, an 11-year-old, palo alto, ca.-based early stage venture capital firm, has raised $131 million for its sixth fund, according to an sec filing that shows the firm turned to just eight investors for the capital commitments.though small by today’s fundraising standards, the fund reflects a bit of a departure for the firm, whose fifth fund closed with $76 million in 2014.  (its fourth fund similarly closed with $75 million and its third closed with $73.5 million.)floodgate doesn’t typically make announcements around its fundraises.the firm was originally founded by mike maples, a former microsoft evp who went on to co-found and take public an austin, tex.-based software company, motive, before jumping into venture capital.ann miura ko, once an analyst at crv, joined maples soon afte






floodgate closes sixth fund with $131 million


floodgate, a palo alto, ca.-based early stage venture capital firm, has raised $131 million for its sixth fund, according to an sec filing that shows the 11-year-old firm turned to just eight investors for the capital commitments.though small by today’s fundraising standards, the fund reflects a bit of a departure for the firm, whose fifth fund closed with $76 million in 2014. (its fourth fund similarly closed with $75 million and its third closed with $73.5 million.)floodgate doesn’t typically make announcements around its fundraises.the firm was originally founded by mike maples, a former microsoft evp who went on to co-found and take public an austin, tex.-based software company, motive, before jumping into venture capital.ann miura ko, once an analyst at crv, joined maples soon after a






floodgate closes sixth fund with $131 million


floodgate, a palo alto, ca.-based early stage venture capital firm, has raised $131 million for its sixth fund, according to an sec filing that shows the 11-year-old firm turned to just eight investors for the capital commitments.though small by today’s fundraising standards, the fund reflects a bit of a departure for the firm, whose fifth fund closed with $76 million in 2014. (its fourth fund similarly closed with $75 million and its third closed with $73.5 million.)floodgate doesn’t typically make announcements around its fundraises.the firm was originally founded by mike maples, who cofounded and took public an austin, tex.-based software company, motive, before jumping into venture capital.ann miura ko, once an analyst at crv, joined maples soon after as a cofounding partner in 2008.th






notion capital outs new $80m ‘growth equity’ fund to invest in enterprise saas a


notion capital, the london-based vc focussed on enterprise saas and cloud startups, is announcing a number of updates today. this includes a new later-stage follow-on fund for existing portfolio companies, and the final closing of its third early-stage fund, which now counts cisco amongst a number of new u.s-based lps. the firm has also made two internal promotions, with both chrys chrysanthou and patrick norris making the step up to partner.dubbed “notion capital opportunities lp,” the new growth equity fund is targeting a final close of $80 million and will be used by notion to do later-stage investments — think series c and beyond — in the best performing companies in its current portfolio, and in a way that would not be possible by simply following on out of its existing funds. i under






notion capital outs new $80m ‘growth equity’ fund to invest in enterprise saas a


notion capital, the london-based vc focused on enterprise saas and cloud startups, is announcing a number of updates today. this includes a new later-stage follow-on fund for existing portfolio companies, and the final closing of its third early-stage fund, which now counts cisco amongst a number of new u.s.-based lps. the firm has also made two internal promotions, with both chrys chrysanthou and patrick norris making the step up to partner.dubbed “notion capital opportunities lp,” the new growth equity fund is targeting a final close of $80 million and will be used by notion to do later-stage investments — think series c and beyond — in the best performing companies in its current portfolio, and in a way that would not be possible by simply following on out of its existing funds. i under






dymon asia announces first close of its debut $50m fund for fintech


hedge fund dymon asia is getting into the venture capital game after it announced its maiden fund.dymon asia ventures is focused on fintech deals and it is targeting a $50 million raise. today, its founding partners disclosed a first close of $20 million from a range of lps that include thai bank siam commercial (scb), which invested an undisclosed sum via its digital ventures arm. dymon asia said a final close of the fund will happen over the next 12 months.the singapore-based firm is looking to invest in 12-15 companies over the lifecycle of the fund. it has already popped the lid and funded a portfolio of five so far: blockchain startup otonomos, financing firm capital match, forex-focused 4xlabs, trading platform spark systems and marketing service weconvene.in an interview with techcr






eniac ventures closes $100 million fund


eniac ventures is announcing the close of a $100 million venture fund, the fourth since the group formed in 2009. the seed-stage firm plans to use the money to invest in augmented reality, virtual reality, bots, robotics and other software-enabled technologies.“vr is really a pathway to mixed reality,” said vic singh, founding general partner at eniac. it’s “very early days and we’ll see how it shakes out, but investing in the tools layer is where we’re focused on.”the $100 million is the largest fund for eniac, which closed its previous $55 million fund a little over two years ago. they plan to use the additional capital to lead more rounds and make some follow-on investments.in a previous study, cb insights found that eniac-backed companies get from seed to series a faster than any other






eniac ventures closes $100 million fund


eniac ventures is announcing the close of a $100 million venture fund, the fourth since the group formed in 2009.the seed-stage firm plans to use the money to invest in augmented reality, virtual reality, bots, robotics and other software-enabled technologies.“vr is really a pathway to mixed reality,” said vic singh, founding general partner at eniac. it’s “very early days and we’ll see how it shakes out, but investing in the tools layer is where we’re focused on.”the $100 million is the largest fund for eniac, which closed its previous $55 million fund a little over two years ago. they plan to use the additional capital to lead more rounds and make some follow-on investments.in a previous study, cb insights found that eniac-backed companies get from seed to series a faster than any other






electric-bus maker proterra raises $55 million with eye toward ipo


proterra inc., the electric-bus maker heading toward a possible initial public offering, has raised an additional $55 million in funding from investors including bmw ag’s venture-capital arm and al gore’s investment fund.the fundraising follows a $140 million investment in january and brings the total capital collected by the company to $345 million since it was founded in 2004.burlingame, calif.-based proterra, which has...






a venture firm focused on real estate, navitas capital, just raised $60 million


real estate heavyweights clearly don’t want to be left in the dust by tech startups that see opportunities to do things more efficiently, more transparently and more affordably than has previously been possible in the long clubby, expensive and opaque world of real estate.just one indicator is their sudden interest in venture capital. indeed, a six-year-old, beverly hills, calif.-based early-stage firm called navitas capital that focuses largely on real estate tech, including intelligent building design, just sealed up a $60 million fund from investors that include the real estate investment firm divco west real estate services; the commercial real estate services company jll; and saint-gobain, a french multinational corporation that designs, manufactures and distributes construction mater






nordic vc firm inventure outs new €110m fund to invest in early-stage tech start


there’s been a slew of new european vc fund raises over the last few months, including mostly recently seedcamp, balderton, and brighteye ventures, but now we can add inventure to the list. the nordic vc firm is announcing a new fund to invest in seed-stage and early-stage startups in the region.the first closing of “inventure iii” totals €110 million, giving claim to being the “largest pure early-stage technology fund ever raised in finland”. it is hoping to bring the total up to €135 million by the end of 2018. the leading lps in the latest fund are european investment fund (eif), finnish industry investment (tesi), elo, ilmarinen, nordea, in addition to other unnamed institutional and private investors.other than fresh capital, it is pretty much business as usual for inventure. the deca






vertex ventures closes new $210m fund for southeast asia and india


vertex ventures, one of the vc funds linked to singapore’s sovereign fund temasek, has closed its third investment fund for southeast asia and india with a total of $210 million for investment.vertex venture holdings operates five funds across the world, which include vehicles focused on the u.s., israel and healthcare. this is the third installment of its fund for india and southeast asia and, most notably, it is the first that the southeast asia-india fund has raised capital from outside investors.publicly-named lps backing it include thailand’s kasikorn bank — via its $30 million beacon fund — and taiwan-based cathay life insurance. vertex managing partner ben mathias told techcrunch that other backers included a “combination of asian financial institutions and family offices primarily






vertex ventures closes new $210m fund for southeast asia and india


vertex ventures, one of the vc funds that is linked to singapore sovereign fund temasek, has closed its third investment fund for southeast asia and india with a total of $210 million for investment.vertex venture holdings operates five funds across the world, which include vehicles focused on the u.s., israel and healthcare. this is the third installment of its fund for india and southeast asia and, most notably, it is the first that the southeast asia-india fund has raised capital from outside investors.publicly-named lps backing it include thailand’s kasikorn bank — via its $30 million beacon fund — and taiwan-based cathay life insurance. vertex managing partner ben mathias told techcrunch that other backers included a “combination of asian financial institutions and family offices prim






sequoia is looking to raise a $5 billion investment fund


sequoia capital is looking to raise a $5 billion investment fund.the legendary silicon valley venture firm, known for its stellar investment returns, is in the early stages of raising its next global growth fund.recode’s kara swisher first reported the news of the fund. she’s hearing that sequoia is targeting $5 to $6 billion. we’re hearing that right now it’s looking more like $5 billion. the fundraising is expected to get underway in the first quarter of 2018.this compares to its last growth fund from 2015, which was $2 billion in size. some of its late-stage portfolio companies include airbnb, stripe and 23andme. sequoia also has a significant early-stage investment business.sequoia, tencent, tpg look to invest in uber alongside softbanklive-streaming app spotlite raises $10 million fro






icon ventures raises its biggest fund ever, though just by a smidgen


funds have been ballooning in size as more money continues to flood into silicon valley, looking for higher returns than can be found elsewhere. vcs also like raising progressively bigger funds because doing so gives them bragging rights. in fact, over the last 24 months, the narrative has been much the same: so-and-so team has raised more money than ever before.some of these so-and-sos have included accel partners, which raised a record $2 billion last year; canaan partners, which raised a record $800 million in july; and institutional venture partners, which closed its biggest fund yet last month, with $1.5 billion.now icon ventures, a 14-year-old, palo alto, ca.-based venture capital firm, has closed its sixth fund with $265 million in commitments — its largest fund to date, if just by






kobalt raises $600m to buy up (and monetize) more music copyrights


kobalt, the music tech startup that has built a platform for rights holders to track incremental and full plays of music across a wide sea of platforms (in order to collect royalties on those plays), is announcing another big step in its bid to put its money where its mouth is. the company’s fully owned subsidiary kobalt capital is unveiling a $600 million music royalties fund to buy up music copyrights to collect royalties themselves.the fund’s lead investor is the rpmi railpen, the uk workers’ pension fund, along with other institutional investors. railpen had also been an investor in kobalt capital’s previous $350 million fund, raised in tranches to help the company buy into music copyrights.willard ahdritz, founder and ceo of kobalt and cio of kobalt capital ltd, said in an interview l






nsi ventures hits first close on new $125m fund for southeast asia


there’s been pause since southeast asia last welcomed fresh venture capital, but one reload is on its way after nsi ventures, an early investor in indonesian unicorn and uber rival go-jek, announced a first close of its second fund. the target is $125 million, which represents a significant increase on its first fund of $90 million.the firm said it has pulled in $75 million of committed capital from existing lps for the new fund. a full close is expected in the first half of 2018.beyond an early investment in go-jek, which is closing in on new investment at a valuation exceeding $2.5 billion, nsi’s maiden fund backed health-focused insurance brokerage cxa group, online credit service finaccel and restaurant reservation startup chope among others in southeast asia.the plan is to continue th






the biggest ceo pay raises and pay cuts of 2016


here are the three ceos who got the biggest pay raises last year, and the deepest pay cuts, as calculated by the associated press and equilar, an executive data firm.___top raises:___1. hock tanbroadcom corp.$24.7 million, up 513 percent___2. thomas rutledgecharter communications inc.$98 million, up 499 percent___3. robert kotickactivision blizzard inc.$33.1 million, up 358 percent___deepest cuts:___1. dara khosrowshahiexpedia inc.$2.4 million, down 97 percent___2. brenton saundersallergan inc.$4.1 million, down 81 percent






felix capital raises $150m to double down on tech startups from the ‘creative cl


as more money continues to be poured into startups, we’re starting to see a growing number of venture capital firms and funds emerge that are increasingly focused on specific pieces of the pie, rather than general swipes across the board. one of these — felix capital — today announced that it has raised an oversubscribed $150 million fund to continue betting hard on tech startups built by the creative class. for felix, that mainly means fashion and lifestyle businesses that are based on digital platforms, along with the plethora of tech startups out there that are building tools to make those more interesting and efficient.felix may not be a household name like index, accel or nea — prolific firms that have invested in a long list of startups across a variety of categories. instead, it’s b






don't look now, but northwestern has a legit home-court a ntage


this was the scene thursday night at welsh-ryan arena: northwestern's vic law almost tore down the rim with a slam off an alley-oop feed from bryant mcintosh, prompting the frothing nu students near the basket to lose their … stuff."i knew vic law could jump," stephen bardo said on the big ten network telecast, "but i didn't know he could get up like this. oh, my goodness! put his head in the rim."seconds later, dererk pardon corralled one of his 22 (not a misprint) rebounds, and nebraska coach tim miles ran to the end line. miles went to his knees and smacked the floor where he thought pardon's foot touched when he secured the ball.whistle. a technical for miles.and a great opportunity for razzing from the official student section, the "wildside.""the student body is calling me all kind o