ClearCourse buys NetXtra

By Luisa Beltran — 19 hours ago

ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said April 25 that it acquired NetXtra. Financial terms weren’t announced. NetXtra, of Bury St Edmunds, England, provides membership software/services and digital capabilities to the membership, events & bookings and sports & leisure sectors.

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Core Innovation Capital seeks $100 mln to back fintech startups

By Alastair Goldfisher — 2 weeks ago

Fintech-focused Core Innovation Capital is seeking to raise $100 million for its third fund, according to a regulatory filing. The fund is one-third larger than Fund II, which closed at about $72 million. Core Innovation was founded in 2010 to invest in financial services and technology. It has offices in the South Park area of San Francisco and in Los Angeles. Leading the firm as GPs are Founder and Managing Partner Arjan Schutte and Managing Partner Kathleen Utecht.

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Bling raises more than $90 mln for inaugural opportunity, early-stage funds

By Alastair Goldfisher — 2 months ago

Bling Capital, an investor in electric scooter company Lime, has raised $60 million for its inaugural early-stage fund, according to a pair of regulatory filings. The firm also raised a little more than $30 million for an opportunity fund that will make follow-on investments in portfolio companies and new investments in other companies in special cases, according to Founder and General Partner Ben Ling. Previously, Ling was a GP at Khosla Ventures and served in senior operating roles at Google, YouTube and Facebook.

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Light Street Capital seeks $270 mln

By Marina Temkin — 3 months ago

The hedge fund Light Street Capital Management has started raising $25o million for a venture fund called Light Street Beacon I, and $20 million for a principals fund, according to a pair of regulatory filings.

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Fusion Fund launches in Ohio

By Alastair Goldfisher — 4 months ago

Bounce Innovation Hub, Acquire Investments and JumpStart Inc announced the launch of Fusion Fund, a $20-million, for-profit venture fund aimed at growing companies in and around Ohio. The fund will make seed and early-stage investments in advanced materials, life sciences and tech companies located within a four-hour radius of Akron, Ohio.

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Ground transportation-focused Autotech seeks $225 mln for second fund

By Alastair Goldfisher — 5 months ago

Menlo Park, California-based Autotech Ventures, is seeking to raise $225 million for its second fund, according to a regulatory filing. The firm said last year it raised $120 million for its inaugural fund. The firm is headed up by Managing Directors Alexei Andreev, Quin Garcia and Daniel Hoffer. Autotech Ventures focuses on connected, autonomous, shared and electrified vehicles and related mobility services.

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500 Startups wraps up oversubscribed Vietnam fund

By Alastair Goldfisher — 5 months ago

500 Startups, which operates worldwide micro-funds, announced it has raised $14 million in an oversubscribed Vietnam-focused fund. The fund, launched in 2016, had targeted initially to raise $10 million. In a blog post, 500 Startups said it has already invested nearly $3 million in 36 companies to date, with a focus on companies serving the Vietnam market or leveraging Vietnamese talent. The fund is led by Eddie Thai (a Vietnam-based entrepreneur) and Binh Tran (co-founder and former CTO of Klout).

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Seed-focused 1984 Ventures raises more than $42 mln for first fund

By Alastair Goldfisher — 6 months ago

San Francisco-based 1984 Venture has raised more than $42.27 million from 50 investors, according to a regulatory filing. The firm says it is now targeting $50 million for the inaugural fund. 1984 Ventures, named as an homage to the year Apple introduced the Macintosh computer and advertised it with a futuristic Super Bowl commercial, invests in early seed businesses using software to solve real-world problems. The firm is led by entrepreneur and investor Ramy Adeeb, a onetime principal at Khosla Ventures.

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