Sony, Daiwa form $185 mln innovation growth fund

By Alastair Goldfisher — 2 months ago

Sony Innovation Fund, the venture arm of Sony Corp, and Daiwa Capital have partnered to form a new investment vehicle called the Innovation Growth Fund. The fund is targeted to raise up to $185 million to invest in mid to late-stage startup tech companies in Japan, United States, Europe and Israel, and it is open to outside LPs. Investors joining Sony and Daiwa at the first close include Sumitomo Mitsui Bank and Osaka Shoko Shinkin Bank, among others.

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Motor City Industrial buys Quality Fastener

By Iris Dorbian — 3 months ago

Motor City Industrial, which is backed by Kian Capital Partners and Oakland Standard Co, has acquired Oxford, Michigan-based Quality Fastener and Supply Co, a provider of industrial consumables and ancillary products. No financial terms were disclosed.

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ClearCourse buys NetXtra

By Luisa Beltran — 4 months 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 — 4 months 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 — 6 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 — 7 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 — 8 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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