Social+Capital to raise $450 mln third fund

Social+Capital Partnership is raising a $450 million third fund. The new fund – Social Capital Partnership III – is a step up from the firm’s second fund, which in 2013 targeted $325 million.


Kobalt raises $60 mln from Google Ventures, MSD Capital

Kobalt, a music publishing and global music rights management services company, has raised $60 million in Series C funding with Google Ventures, existing investor MSD Capital and MSDC Management. Kobalt has already raised $66 million. The new funding will support Kobalt’s work with artists and songwriters with creative services.


Crane Nelson leads $10 mln funding in AgileCraft

Crane Nelson, a private equity firm in Houston, has led a $10 million Series A funding round in software company AgileCraft. Other participants in the funding round include former Bank of America senior executives Jim Kelly and Tim Arnoult.


GGV Capital, Icon Ventures lead $25 mln funding in Synack

GGV Capital and Icon Ventures (formerly Jafco Ventures) have co-led a $25 million Series B funding round in Synack, an online security startup. Other participants in the funding round include Kleiner Perkins Caufield & Byers, Google Ventures, Greylock Partners, Allegis Capital, Derek Smith, chief executive of Shape Security, Ray Rothrock, CEO of Redseal Networks and Timothy Eades, CEO of vArmour. Synack has raised a total of $34 million to date. Glenn Solomon, managing partner at GGV Capital, and Tom Mawhinney, GP at Icon Ventures, will join Synack’s board of directors.


Insight Venture leads $40 mln pre-IPO funding in Instructure

Insight Venture Partners has led a $40 million Series E funding round in Instructure, which makes educational software. Other investors in the funding round include Bessemer Venture Partners and EPIC Ventures. Instructure has raised $90 million to date. The pre-IPO investment will allow Instructure to launch Bridge, a cloud-based corporate learning and engagement platform.

CloudVelox raises $15 mln in Series C funding

CloudVelox, which provides hybrid cloud disaster recovery and migration, has raised $15 million in Series C funding, bringing the total raised to $33 million. Cisco Investments participated in the funding round as a strategic investor, along with previous investors Mayfield Fund, Pelion Venture Partners and Third Point Ventures.


Lux to raise $350 mln fourth fund

Lux Capital has set out to raise a $350 million fourth fund, according to an SEC filing. No first close is yet reported. The firm’s previous $245 million fund was raised in 2013, according to Thomson Reuters.

HiberGene Diagnostics raises 2 mln euros

HiberGene Diagnostics Limited, which focuses on applying molecular technology to infectious diseases, has raised 2 million euros ($2.26 million) in Series A funding. The investment includes 500,000 euros from Kernel Capital through the Bank of Ireland MedTech Accelerator Fund. The balance of funding came from private investors.


NJ finds no pay-to-play violation in General Catalyst commitment

New Jersey state Treasury investigators found no wrongdoing in venture firm General Catalyst’s decision to not report a political contribution from one of its executives-in-residence – now Massachusetts Gov. Charlie Baker – months before the state pension committed millions to the firm.

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