Traverse targets $100 mln for debut fund

By Iris Dorbian — 1 day ago

Traverse Venture Partners is seeking to raise $100 million for its inaugural fund, according to an SEC filing. Founded in October 2015, the Washington, D.C.-based growth equity firm focuses on the real estate industry. Recently, the firm co-led an $11.7 million Series B round for San Jose, California-based Mercatus, a provider of energy finance solutions, as previously reported by PE HUB.

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Index Ventures closes eighth venture fund at $550 mln

By Iris Dorbian — 2 days ago

Index Ventures has raised $550 million for its eighth venture fund. The firm, which recently hired former Twitter CEO Dick Costolo as a venture partner, has promoted Shardul Shah to partner. Index focuses on backing “disruptive” startups in the U.S., Europe and Israel.

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Lewis & Clark Ventures closes $104 mln fund

By Stephanie Rogan — 3 days ago

Lewis & Clark Ventures closed a $104 million early stage venture fund targeting investments in the Midwest. The fund will focus primarily on Series A and B round VC investments in the size of $3 to $7 million to high growth companies. Lewis & Clark announced in December a $25 million commitment from Express Scripts to support new healthcare technologies and companies.

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Sesame Street launches $10 mln venture fund

By Iris Dorbian — 3 days ago

According to an announcement on its site, Sesame Ventures, Sesame Street‘s new venture initiative, has partnered up with Collaborative Fund to launch a fund that backs startups in child development areas that include education technology, health and nutrition and social, cultural and family development. No financial terms were disclosed for The Collab + Sesame Fund but other outlets are reporting that the joint fund has already raised $10 million.

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Creandum wraps up oversubscribed fund

By Stephanie Rogan — 4 days ago

Stockholm and Palo Alto-based Creandum has closed its latest fund at 180 million euros (approximately $196 million), the firm said in a statement. Creandum IV was oversubscribed and reached its hard cap in one first and final closing. Fundraising began in September. The fund will primarily target seed and Series A investments.

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Qiming closes Fund V at $648 mln

By Stephanie Rogan — 4 days ago

Qiming Venture Partners closed its fifth US Dollar venture capital fund with $648 million in commitments. The firm raised $500 million for Fund IV in 2014, after collecting $450 million for Fund III in 2011. Fund V will continue to focus on China-based startups in the internet and consumer, IT, healthcare and clean tech sectors.

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