Spanish bank BBVA has spun out its corporate venture unit into an independent venture firm, Propel Venture Partners, according to sources at the bank and Propel’s website.
Startups valued in excess of $1 billion are not worth what they used to be, as the average valuation of unicorn deal making in Q4 fell to $1.6 billion.
DFJ has closed on $350 million for its 12th fund, raised in record time and with a single close.
Blumberg Capital has raised $177.1 million toward a fourth early stage fund, according to an SEC filing.
Luma Capital Partners has set out to raise a $100 million venture fund, according to an SEC filing.
KnowBe4 Inc. said it closed an $8 million Series A funding led by Elephant, a venture capital fund founded by Jeremiah Daly and Warby Parker co-founder Andy Hunt. The financing comes after KnowBe4 saw annual growth of more than 350% last year, the company said.
Late-stage valuations took a hit in Q4, with the median pre-money valuation for Series D and later rounds falling 32 percent, Cooley reported.
General Catalyst Partners goes large, raising an $845 million U.S.-focused eighth fund.
Geodesic Investments has raised additional capital for its maiden late stage fund, according to a filing with the SEC.
Industry Ventures is raising a $425 million eighth fund for investing in secondaries, according to an SEC filing.
Qiming Venture Partners has set out to raise a $620 million fifth fund, according to a filing with the SEC.
Claudia Fan Munce, a long-time fixture in the venture group of IBM, has joined New Enterprise Associates as a venture advisor.
Metamorphic Ventures has set out to raise a $75 million third fund, according to a filing with the SEC.
CAVU Ventures has raised a $156 million maiden fund for investing in the food and beverage space, according to a filing with the SEC.
ScaleArc said it raised $20 million in a Series C-1 round led by Bain Capital Ventures and joined by existing investors Accel Partners, Trinity Ventures, and Nexus Ventures. The new money will be used to fund company growth, which includes expanding staff and undertaking sales and marketing initiatives.
Corporate venture capitalists invested $7.6 billion in startups in the United States last year, the largest investment year since 2000, according to the MoneyTree Report put out by PricewaterhouseCoopers, the National Venture Capital Association and based on data from Thomson Reuters.
SoftTech VC has set out to raise $130 million in new capital for two new funds, according to a filing with the SEC. The firm also promoted two investors to partners.
Despite weak quarter, venture investing was strong for the year, with $58.8 billion distributed to U.S.-based companies in 2015, the most active year since 2000