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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.

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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.

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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.

188 Views

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.

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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.

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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.

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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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