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Here’s how Sierra Ventures added LPs and raised $215 mln for its 12th fund

Sierra Ventures announced the closing of its $215 million 12th fund with $40 million more in capital than the firm was targeting. The larger fund was the result, in part, of a bevy of exits from its 10th fund. The San Mateo, California-based firm received commitments from five new institutional and three new corporate LPs, […]

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Twin funds Space Capital and Space Angels are betting commercial space sector takes off

The commercial space sector may still be nascent, but decreasing costs of satellite launches and NASA‘s push to put humans on the moon by 2024 are helping boost investor interest in funneling more capital into space startups. The recent announcement from Richard Branson‘s Virgin Galactic and its plans to go public via a reverse merger with Social Capital […]

EY, Jeff Grabow, venture capital, consulting

Pull back from PE firms contributes to decline in Q2 venture investment

U.S.-based venture investing slowed slightly for the second consecutive quarter, according to a new report by EY. Startups nationally raised $29.3 billion in Q2, a 2 percent decrease from the first quarter of the year, according to EY’s calculations. The small reduction in the most recent quarter is “healthy,” especially since capital deployment for the […]

VCJ Venture Report Hamilton Lane
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Hamilton Lane argues there’s no venture bubble

With venture capital fundraising and startup financing rounds at an all-time high, some practitioners are beginning to caution about a possible bubble formation in the asset class. Although current market conditions are only occasionally compared to those of the dot-com heyday, frothy valuations and a possibility of a nearing downturn are beginning to be discussed […]

199 Views

Vertex Ventures raised $150 mln second US fund

Vertex Ventures, a Palo Alto, California-based firm, raised a $150 million second US venture fund, according to the regulatory filing. The firm is a global network of funds with teams in US, Israel, China, India and Southeast Asia.

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Top Tier Capital Partners is seeking $600 mln across two funds

Top Tier Capital Partners, a San Francisco, California-based fund of funds, is raising a $350 million ninth fund, according to a document with the SEC. The firm is also seeking $250 million towards a third velocity fund, per a separate regulatory statement. First sales were not reported.

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XVC is seeking $265 mil towards second venture fund

XVC, a venture capital firm based in Beijing, China, is raising $265 million towards its second fund, according to a regulatory filing. First sale was not reported. The firm generally writes checks between $1.5 million and $15 million (or RMB equivalent).

Lumia Capital seeks second fund

Lumia Capital, a San Francisco, California-based expansion-stage venture firm, is raising a second fund, according to a filing with the SEC. First sale was not reported and fund target was not set. The firm invests in internet and software companies with a focus on SaaS, mobile, cloud computing, infrastructure, and big data. It typically writes checks […]

VCJ Venture Russia
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Russian bank Sberbank and 500 Startups partner to run innovation accelerator in Moscow

500 Startups is on a mission to find and invest in the world’s most promising entrepreneurs. The firm also takes its renowned accelerator program abroad by partnering with international corporations and governments developing startup ecosystems in their countries. Earlier this year, Sbrebank, the largest bank in Russia and Eastern Europe, engaged 500 Startups to help […]

500 Startups, venture capital
275 Views

500 Startups is raising a second fund focused on South Korean startups

500 Startups, an accelerator and seed-stage venture fund, is seeking a second South Korea-focused fund, according to a regulatory filing. The document says that the funding amount is indefinite. The first South Korea fund, called Kimchi microfund, closed in 2015 with $15 million in committed capital. The fund was started by Tim Chae, who was […]