Montage Ventures seeks $37.5 million

By Alastair Goldfisher — 3 days ago

Palo Alto, California-based Montage Ventures is seeking to raise $37.5 million for its second fund, according to a regulatory filing. The firm invests in financial services, e-commerce, marketplaces and healthcare startups. Montage is led by Managing Partner Todd Kimmel, a former partner with Mayfield and a onetime principal with Advanced Technology Ventures.

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Macro to raise $50 mln venture fund

By Kaitlyn Landgraf Bartley — 6 days ago

Los Angeles-based Macro Ventures is aiming to raise a $50 million maiden venture fund, according to a regulatory filing. The Macro Ventures Fund I is run by Mike Palank. His bio says he a former hedge fund equity analyst. No investor commitments were yet reported on the filing.

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AngelList launches Angel Funds

By Alastair Goldfisher — 6 days ago

AngelList, which operates an investment syndicate and helps job seekers find employment at startups, announced today it was launching Angel Funds to help angels start venture funds without the overhead. Venture firm Maiden Lane, an AngelList backer, has committed $35 million to help back angel funds. AngelList co-founder Babak Nivi wrote in a blog post that Angel Funds will provide the infrastructure and capital.

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Afore Capital closes on nearly $46 mln

By Kaitlyn Landgraf Bartley — 1 week ago

Afore Capital announced it has closed on $45.875 million in funding, slightly less than its targeted $46 million, according to a regulatory filing. The San Francisco-based firm is led by Anamitra Banerji, formerly a partner at Foundation Capital, and Gaurav Jain, formerly a principal at Founder Collective. The firm announced in August that it was targeting a $40 million fund. To date, 41 investors have committed to the fund.

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Hesong Tang’s maiden venture fund raises $261 mln

By Mark Boslet — 2 weeks ago

Hesong Tang has raised $261 million for a maiden fund, Xiang He Fund I, according to a filing with the SEC. Tang also raised the target for the fund to $300 million from $250 million. Twenty-three LPs have participated. Tang is a former venture partner at IDG Capital and former vice president at Baidu. The […]

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