New
VC
Funds
Raiven Capital Launches $100 Million Climatech Fund
Raiven Capital has launched Raiven Climatech (Fund RC), a $100 million fund to invest in early-stage startups developing digital infrastructure to address climate and sustainability challenges. The new fund is anchored by Frog Lake First Nation. Fund RC will invest in technologies that use artificial intelligence and the Internet of Things to reduce emissions, optimize […]
Read More Smith Point Closes Inaugural Fund
Smith Point Capital Management has held a final and above target close of its inaugural fund, Smith Point Capital Fund I LP, with more than $360 million in capital commitments. Smith Point’s original target for the new fund was $300 million. The New York-based venture capital firm, founded and led by Keith Block, invests in […]
Read More Venture Guides Closes $262.5 Million Fund II
Venture Guides, an investor in early-stage infrastructure software companies, has held a final close of its second fund with $262 million of capital. The first and final close was completed in just eight weeks and surpassed its $216 million first fund. Limited partners in Fund II included institutional investors and large family offices and, notably, […]
Read More FM Closes $240 Million Fund IV
FM Capital, an investor in technology companies transforming automotive sales, service, and transportation, has held an oversubscribed final close of its fourth and largest fund to date with $240 million of capital. FM Capital’s limited partners in Fund IV include new and returning investors across the automotive sector, including distributors, original equipment manufacturers, dealers, suppliers, […]
Read More AI-Focused SignalFire Raises Over $1 Billion
SignalFire has closed on more than $1 billion in new capital that will be invested across the firm’s seed, early, executive-in-residence (XIR), and opportunities funds, with a continued focus on supporting founders building applied AI startups. Headquartered in San Francisco, SignalFire was founded in 2013 and was built from the start with artificial intelligence at […]
Read More Hamilton Lane Beats Target on Venture Access Fund
Hamilton Lane has successfully closed its inaugural Venture Access Fund (VAF) above target, securing $615 million in capital commitments. The fund initially targeted $500 million. VAF is Hamilton Lane’s first globally distributed venture fund, attracting institutional limited partners such as public and corporate pension funds, financial institutions, Taft-Hartley plans, family offices, and foundations and endowments. […]
Read More Parkway and Arcapita Join Forces
Parkway Venture Capital has entered into a strategic partnership with Arcapita, a global alternative investment company specializing in growth capital and buyout investments. This partnership marks Arcapita’s first entry into the United States venture capital sector. Parkway invests in companies developing advanced technologies. Its focus areas include artificial intelligence, quantum technology, 3D simulation, complex engineering, […]
Read More Ulu’s Fourth Fund Closes at $208 Million
Ulu Ventures has closed its fourth fund with $208 million in capital. With this close, the firm’s total assets under management now exceed $400 million. Ulu’s third fund closed in May 2021 with an above-target $138 million in capital. Founded in 2008, Ulu Ventures is led by CEO and co-founder Miriam Rivera, along with general […]
Read More CFPE Closes on Three for VC
CF Private Equity (CFPE) has closed three venture funds, including CF Venture Partners XV LP, CF Venture Direct Opportunities II LP, and CF Blockchain Ventures LP. CF Venture Partners XV LP closed with over $539 million in commitments, while CF Venture Direct Opportunities II LP and CF Blockchain Ventures LP closed with $100 million and $25 […]
Read More Overlap Closes First Fund
Overlap Holdings has held a final close of its first fund, Overlap Holdings Flagship Fund 1 LP (OHF1), with $33 million of capital. Overlap invests exclusively in early-stage – seed through Series B – startups developing emerging technologies in the energy, life sciences, materials science, space, robotics, and semiconductor sectors. OHF1 is structured to offer […]
Read More Lucky Number Seven: VCFA Group Closes on $122.5 Million in New Capital
VCFA Group has successfully closed its latest fund, VCFA Venture Partners VII LP (Fund VII), with capital commitments totaling $122.5 million. Founded in 1982 by Dayton Carr, VCFA pioneered the concept of acquiring private equity interests on a secondary basis, including limited partnership interests and GP-led transactions. Today, the New York City-headquartered firm is led […]
Read More A16Z Partners Up with Lilly to Launch Biotech Ecosystem Venture Fund
Andreessen Horowitz (a16z) has announced the formation of the Biotech Ecosystem Venture Fund (BEVF) in collaboration with Eli Lilly and Company. The BEVF, managed by a16z, will invest up to $500 million in therapeutic platforms and advanced technology companies focused on developing new medicines and disease treatments. The fund’s investment strategy aims to complement traditional […]
Read More Trinity Ventures Secures $435 Million Continuation Fund
Trinity Ventures has closed Trinity Ventures 2024 LP (TV 2024), a continuation fund with $435 million in commitments. The new fund will be used to recapitalize select portfolio companies from the firm’s eleventh fund, Trinity Ventures XI LP (Fund XI), which closed in October 2012 with $325 million in capital commitments. TV 2024 was raised […]
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Telescope Adds John Lyman to Venture Team
Telescope has named former Google Ventures partner John Lyman as a managing partner of the firm to lead its early-stage venture investing efforts. Telescope was founded to invest in companies that leverage artificial intelligence and other technologies to improve drug discovery, empower families and small businesses, and modernize supply chains. Mr. Lyman spent sixteen years […]
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SiFly Exits Stealth
SiFly has exited stealth mode and has unveiled a new class of NDAA-compliant industrial drones with up to four times the endurance and ten times the range of current commercial platforms. SiFly’s technology has the potential to disrupt the $35 billion global industrial drone market. SiFly designs and manufactures NDAA-compliant industrial drones targeting public safety, […]
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ChurchSpace Secures $1.2 Million in Seed Funding to Expand Community Space Initiatives
ChurchSpace, a company specializing in repurposing church properties for community use, has successfully raised $1.2 million in an oversubscribed seed funding round. The round was led by Black Ops Ventures, with contributions from Dug Song of Minor Capital and Michigan Rise. The funds will support the company’s relocation of its headquarters from Houston, Texas, to […]
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RightRev Secures $13 Million in Series A Funding to Enhance Revenue Management Solutions
RightRev, a company specializing in automated revenue management, has successfully closed a $13 million Series A funding round. This recent financial injection, co-led by Cheyenne Ventures and Innovius Capital, also saw participation from existing investors such as Norwest Venture Partners, Salesforce Ventures, and Snowflake Ventures. The total funding for RightRev now exceeds $31 million, reflecting […]
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