Lightbank closes new USD180m VC fund
Lightbank, a Chicago-based venture capital firm, has closed its second early-stage venture capital fund, Lightbank II, with USD180 million of capital commitments. The closing brings Lightbank’s total assets under management (AUM) to USD360 million. Lightbank II’s investor base is comprised of institutional investors, family offices, and high net worth individuals. Lightbank II will be led […]
Venture Capital Funding Secured by UK Firms Reached Highest Level During Q4 2020: Report
The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is up significantly from the £1.3 billion acquired in Q3 2020 […]
Alta Partners Raises $275 Million NextGen Fund III
Alta Partners, a leading early-stage healthcare investment firm, held the first and final closing of Alta Partners NextGen Fund III, L.P. today. Fund III was oversubscribed and has total capital of $275 million. The Alta team will continue its successful strategy of investing in curative, breakthrough therapeutics and technology-enabled healthcare services. Alta Partners raised NextGen […]
OpenOcean raises EUR92 million fund for data solutions and software venture fund
OpenOcean, an pioneering investor in data solutions and software, has announced a EUR92 million raise for its third main venture fund. The new fund will look to invest in Europe’s most exciting and disruptive data businesses that are resolving digitalisation bottlenecks and building the future data economy. LPs in the new fund include European Investment […]
Kraken backs new venture capital fund
Kraken Digital Asset Exchange has backed the newly launched Kraken Ventures, an independent investment fund targeting early stage companies and protocols across the crypto and fintech ecosystem. The fund will invest in the technologies powering the next wave of crypto and fintech innovation and provide entrepreneurs with the financial resources and industry expertise needed to […]
Eurazeo launches Smart City II venture fund
After the success of its Smart City I Venture fund, Eurazeo has announced the initial closing of its Smart City II Venture fund at EUR80 million to invest in the most promising energy, mobility proptech and logistics start-ups worldwide. The success of this round of fundraising reflects the strategy adopted by the Smart City Venture […]
Astia launches USD100m VC fund with gender focus
Astia has launched a USD100m early-stage venture fund aimed at addressing the disparity in funding for companies that include women in founding or executive roles. Astia Fund is led by an investment from Mastercard and will invest globally in high-growth companies that have at least one woman in an executive, equity-holding position. Last year, Astia […]
EQT backs in-demand AI learning platform
EQT Ventures recently closed a USD18 million series-A round into Stockholm-based AI-focused online learning platform Sana Labs, which is used by Fortune Global 2000 companies for up-skilling and re-skilling global workforces, and has been in high demand when it comes to educating healthcare and other key workers during the pandemic. Private Equity Wire sat down […]
UK scaleups finish 2020 with record rates of VC investment
Fast-growth UK businesses closed 2020 in their strongest position, attracting more than GBP3.8 billion of Venture Capital (VC) investment during the final quarter of the year, according to new figures. Despite further Covid-19 related restrictions being in place, Q4 was the strongest quarter of the year for VC-backed deals, according to KPMG’s Global Venture Pulse […]
A Large Cogeco Shareholder Reduces Its Position
PSP SELLS COGECO FOR $ 20 MILLION Cogeco’s third largest shareholder, the federal institution PSP Investments, sold about $ 20 million in shares of the telecommunications company in December. Remember that the Audet family, which controls Cogeco, rejected last fall a purchase offer of more than $ 10 billion filed by Altice USA and Rogers. […]
