Ohio TechAngel Funds raises $5.1 mln for fifth fund

By Alastair Goldfisher — 1 year ago

Ohio TechAngel Funds (OTAF), which invests in Ohio-based companies in IT, advanced materials and life sciences, announced it has raised $5.1 million for its fifth fund. Half of the funds came from accredited investors, while the State of Ohio matched the other half with a loan, said OTAF Managing Director Parker MacDonell. OTAF raised $7.3 million in a similar structure for its fourth fund, which it began putting to work in 2014. MacDonnell said that fund is about two-thirds invested.

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SGVC raises $50 mln for second fund

By Alastair Goldfisher — 1 year ago

Beverly Hills, California-based SGVC has raised a little more than $50 million for its second fund, SG VC Fund II, from 81 investors, according to a regulatory filing. The firm was founded in 2012 by Managing Partner Dovi Frances as the venture arm of SG, a global advisory firm. His LinkedIn profile says he acquired […]

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Rethink Education more than halfway to $125 mln target

By Alastair Goldfisher — 1 year ago

White Plains, N.Y.-based Rethink Education has raised $67.175 million toward a $125 million targeted second fund, according to a regulatory filing. The filing indicates the firm has raised the commitments from 44 investors. Rethink raised $25 million for its first fund, which closed in 2012, according to Thomson Reuters.

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Life sciences-focused venBio raises $315 mln for second fund

By Alastair Goldfisher — 1 year ago

San Francisco-based venBio Partners announced it has raised $315 million for its second life science fund, which is anchored by investments from strategic LPs Amgen, Merck and Baxalta. The amount exceeds the $250 million target it set in March 2015, according to a regulatory filing. The firm, which also has an office in New York, typically invests in clinical-stage life science companies with a therapeutic product.

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