Upfront Ventures raising pair of funds targeted at $500 million

By Kaitlyn Landgraf Bartley — 4 weeks ago

Upfront Ventures announced it is raising a sixth fund targeted at $380 million and a second opportunity fund targeted at $120 million, according to two separate regulatory filings. The Santa Monica, California-based firm raised $280 million for its fifth fund in 2014, according to Thomson Reuters. Upfront is led by Mark Suster and Yves Sisteron and invests in such fields as SaaS, digital media, and food and agriculture, according to its website. No investor commitments are listed on the filings.

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B Capital Fund holds second close of $181 mln

By Kaitlyn Landgraf Bartley — 1 month ago

Facebook co-founder Eduardo Saverin’s B Capital Fund has held a second close of $181 million, according to a regulatory filing. B Capital Group has offices in Los Angeles, San Francisco and Singapore, and was founded by Rajarshi Ganguly and Saverin, who moved to Singapore in 2011. It invests in financial services, healthcare, and transportation industries worldwide, according to its website. The fund closed an initial $143.6 million a year ago. So far, 29 investors have committed to the fund, which does not list a target amount.

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Dundee wraps up third fund with $30 mln

By Alastair Goldfisher — 1 month ago

Omaha, Nebraska seed-stage investor Dundee Venture Capital, which last year partnered with Lakewest Venture Partners in Chicago, has raised $30 million for its third fund, according to a regulatory filing. The filing says the commitments came from 98 investors. Dundee last year opened a new office in the Minneapolis area as part of its ongoing regional growth plan to expand in the Midwest. It focuses on e-commerce, B2B SaaS and consumer-network focused startups.

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Montage Ventures seeks $37.5 million

By Alastair Goldfisher — 1 month 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 — 1 month 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 — 1 month 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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