Frontline Ventures raises 40 mln euros for maiden fund

According to a blog post on its site, London and Dublin-based Frontline Ventures has raised 40 million euros in the first close of its debut fund. The focus is on early-stage software firms. The fund’s LP base includes Irelandia, AIB and Enterprise Ireland. To read more about the fund, visit here.


Accelerator Corp raises $51.1 mln for fourth fund

Accelerator Corp. said Tuesday that it has raised $51.1 million in the first close of its fourth fund. The pool’s investors include Alexandria Venture Investments, ARCH Venture Partners, WRF Capital, Eli Lilly, Harris & Harris Group, Johnson & Johnson Development Corp., The Partnership Fund for New York City and Pfizer Venture Investments. Based in Seattle and New York City, Accelerator Corp is a biotech investment firm.


Leading Edge Ventures launches early-stage fund

Leading Edge Ventures has launched an early-stage venture fund. Headquartered in Newark, Delaware, with an office in Bethlehem, Penn., the fund will invest in “promising” early-stage companies in the Delaware and the Mid-Atlantic region. According to the firm, the fund will make initial investments that range from $50,000 to $250,000 per company.


Xenon closes sixth private equity fund

Italian mid-market private equity firm Xenon has raised 184 million euros in the final close of its sixth private equity fund. The target was 150 million euros. Its LP base includes pension funds, sovereign funds, funds of funds, foundations and endowments. Campbell Lutyens & Co. served as the placement agent.


Plymouth Ventures closes $61 mln for third fund

Ann Arbor, Michigan-based Plymouth Ventures has raised $61 million in the final close of its oversubscribed third fund. As in the case of its predecessor, this fund will focus on growth-stage firms in the Great Lakes region.


Summit Partners raises $1 bln for second credit fund

Summit Partners has closed $1 billion for its second credit fund. The target was $750 million. The fund’s LPs include public and private pension plans, insurance companies, funds of funds, family offices, endowments and foundations.

Link-age Ventures launches $26 mln fund focused on seniors – Cincinnati Business Courier

According to an article in the Cincinnati Business Courier, Ohio-based Link-age Ventures has teamed up with investment bank Ziegler to launch a $26 million venture fund focusing on early-stage companies that provide products and services for seniors. Its LPS include 70 nonprofit senior living providers. Scott Collins, CEO of Link-age, told the publication that the fund is seeking to invest “about $500,000 to several million dollars apiece in promising companies.”


LVP launches seed fund targeting European digital game startups

London Venture Partners said Tuesday that it has launched its first seed fund focused on European digital game startups. No financial terms were disclosed. The pool’s LPs include Nexon, Wargaming and Zynga CEO Don Matrick. According to an LVP source, the fund is planning on making 20 to 25 investments.

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