MIT said Wednesday it will launch an accelerator program, called The Engine, and raise a $150 million venture fund to support startups innovating in science and technology.
Intel Capital has invested more than $38 million in 12 technology startups, the venture investment arm of chipmaker Intel said at its annual Global Summit.
Private equity firms returned $443 billion to LPs last year, the third record year in a row, according to Preqin.
Sofinnova Ventures has closed a $650 million 10th fund with an increase in capital and a goal to invest in more companies.
Redpoint Ventures has raised $180 million for its ACE Redpoint Ventures China I fund, according to a filing with the SEC.
FourKites has raised a $13 million Series A round led by Bain Capital Ventures and joined by existing investors Hyde Park Venture Partners, Hyde Park Angels, and Otter, according to a press release. The company previously raised $3.5 million of seed and debt funding. Ajay Agarwal, managing director at Bain, will join the board.
Cityworks said it raised $14.5 million in a round backed by Polaris Partners and Blue Cloud Ventures, according to a press release. The company will continue to be majority-owned by founder and CEO Brian Haslam and his executive team.
Upfront Ventures has set out to raise a $40 million ancillary fund, according to a filing with the SEC.
Venture investing slumped in the third quarter as money going to U.S.-based startups fell 32 percent, which was led by a big drop in late-stage financings. The quarter saw $15 billion go to 1,810 deals, the smallest sum since the start of 2014, according to PitchBook and the National Venture Capital Association. It is a significant decline from the $22.1 billion that went into 2,034 deals in the second quarter. The third quarter is the first the NVCA has relied on PitchBook data for its venture activity report, dubbed the Venture Monitor.
Union Square Ventures on Tuesday endorsed a presidential candidate for the first time and the firm’s choice in November is Hillary Clinton, according to a blog post.
SQZ Biotech has closed a $16 million Series B round led by NanoDimension and Polaris Partners and joined by other existing and new investors, according to a press release. The company also recently named Kris Elverum as chief business officer to lead business development and strategic partnerships. Elverum joins from Novartis.
Long Hill Capital has set out to raise a $125 million venture capital fund, according to a filing with the SEC.
Security focused investor Razor’s Edge Ventures has set out to raise a $250 million second fund, according to a filing with the SEC.
Donald Dixon is a co-founder of Trident Capital Cybersecurity, a managing director at the firm and a long-time booster of the United States Marine Corps.
FTV Capital said it closed an oversubscribed an $850 million fifth fund, according to a press release
The National Venture Capital Association has selected PitchBook as its data provider, replacing Thomson Reuters.
The Foundry Group has closed a $500 million sixth fund, according to a blog post.
Wireframe Ventures has set out to raise a $75 million maiden venture fund, according to a filing with the SEC.