Makers Fund raises USD500m Fund III
Global interactive entertainment venture capital firm Makers Fund has closed a USD500 million fund to invest in founders who are evolving and innovating the ecosystem. The fund is Makers Fund’s third and largest, after a USD200 vehicle raised in 2017, and a USD260 million fund in 2020. Makers Fund III is backed by endowments, foundations […]
UK gut health brand Bio&Me closes fundraise in record time
A UK gut health food brand, Bio&Me, created by The Gut Health Doctor, has closed a GBP1.4 million funding round in a record 72 hours. The fundraise was supported by a number of high profile investors including England captain Harry Kane. The investment round, which was over subscribed and closed within 72 hours, sees Kane […]
Uber’s Careem Seeks $500m From Abu Dhabi and Saudi Funds
Uber Technologies’s Middle Eastern subsidiary is looking to raise as much as $500m from investors including regional sovereign wealth funds to help bankroll an expansion into services beyond ride-hailing, people familiar with the matter said. Dubai-based Careem has held talks with Saudi Arabia’s Public Investment Fund and Abu Dhabi’s ADQ to raise the funds, the […]
InfraVia Raises $5.5bn for Fifth Infrastructure Fund
French private equity firm InfraVia Capital Partners has raised $5.5bn from investors for a fifth infrastructure fund to target European digital, education and health businesses, and green energy investments. The fund was “significantly oversubscribed” and exceeded its original 3 billion-euro target to reach a limit it set of 5 billion euros, the company’s founder and […]
Greenbacker Capital’s debut private equity fund closes near its $150m funding cap
Greenbacker Capital Management announced today that its Greenbacker Development Opportunities Fund I has completed fundraising at $142m, nearly reaching its $150m hard cap. The Fund’s first institutional investor was a fund managed by Aether Investment Partners, which finalized its commitment in June 2021. This investment was followed by commitments from UK-based asset manager abrdn and […]
Kurma Partners Targets €250m for Its First Growth Opportunities Fund
Kurma Partners announced the first closing of its Growth Opportunities fund at €160m. Meeting the demand of the growing maturity of the European biotech and healthtech ecosystem, this new fund, which is targeting €250m, aims to accelerate the growth of the best European companies in the healthcare sector. For this fund, Kurma Partners has received […]
NFT firm Immutable valued at $2.5bn in Temasek-led financing
Australian NFT startup Immutable has raised fresh funding from investors led by Singapore’s Temasek in a round that values it at $2.5bn, the company said on Monday, as it taps a surge in interest in cryptocurrency and NFT ventures. In February, it announced a partnership with GameStop to launch the videogame retailer’s NFT marketplace alongside […]
HarbourVest Partners closes eighth Europe, APAC fund at over $1.6b
US-based private markets asset manager HarbourVest Partners has held a final close of its HIPEP IX Fund, a vehicle that will invest in Europe and the Asia-Pacific, at over $1.6bn. The fund close surpassed its target of $1.25bn, HarbourVest said in a statement. The firm said its primary business, complemented by secondary transactions and direct […]
Dash Closes $32.8 Million Seed Round, one of the Largest for an African Startup
Dash, the unified and accessible payments app, announced today that it has raised $32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup. The round was led by New York-based global private equity and venture capital firm Insight Venture Partners, with participation from Global Founders Capital and 4DX […]
Kirkland represents BGH Capital in closing of second Aus/NZ-focused private equity fund at AUD3.6bn
Kirkland & Ellis has advised Australian private equity firm BGH Capital on the successful closing of its second vintage flagship private equity fund, BGH Capital Fund II, at approximately AUSD3.6 billion, making it the largest-ever private equity vehicle raised for deployment in Australia and New Zealand. The fund was oversubscribed with a broad mix of […]
