Fund Performance Sack Money

Icon raises $265 mln sixth venture fund

Icon Ventures said it has raised a $265 million sixth venture fund, the firm’s largest to date. The Palo Alto, California-based firm, which backs Series B and C deals, also said it would open an office in the South Park area of San Francisco over the next several months. The fund, Icon VI, brings capital […]

VC People

Menlo adds Greg Yap as life sciences partner

Menlo Ventures said Greg Yap has joined the firm as a partner to lead investments in life science companies. Yap was most recently an entrepreneur in residence at Illumina Ventures, where he focused on genomics investments, and he was a co-founder of PyrAmes, a digital-health company. He previously was a co-founder of Biodesy, a protein-analysis company. […]

San Francisco Fund Performance VC

Fund performance: Menlo, TCV, Polaris lead late-decade venture portfolio

Funds from Menlo Ventures, Technology Crossover Ventures and Polaris Venture Partners lead a late-decade portfolio of venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 2008 to 2010 vintages with a focus on mid-tier funds and an early-stage approach to investing. More than half the funds are between $300 […]

Money Faucet Data VC

Venture investing softens but maintains strong pace in Q3

Venture investing retreated in the third quarter but kept up a strong pace as investors continued to pour money into big-ticket unicorn rounds. VCs in the United States put $21.48 billion into 1,706 rounds during the summer months, according to a report from the National Venture Capital Association and PitchBook. Dollars invested declined a modest […]

US Fundraising Firms VC

Venture fundraising slows to four-year low in Q3

Venture fundraising slowed to a four-year low in the third quarter, reflecting a sharp pullback from earlier this year and last year, when money flowed into firm coffers. Forty-seven funds raised more than $4.4 billion during Q3, according to preliminary data from Thomson Reuters. That’s a stark retreat from $12.8 billion in the second quarter, […]

Fintech Investments Q3 VC

Fintech’s hot investment pace continues in Q3

Fintech investing is showing renewed strength this year, boosted by strong second and third quarters, with corporates stepping up and venture investors continuing to show interest. So far this year, investors have thrown $2.55 billion into U.S.-based startups, almost topping all of last year with one more quarter to go. While the pace of funding […]