The ex-managing partner of GV is in talks with investors over a new venture capital fund and has a preliminary target of $350m to $500m in place.
Month: September 2016
Sapphire rings up $1bn from SAP
Sapphire Ventures has raised $1bn in capital from its sole sponsor, software provider SAP, and will divide it into a $300m early-stage fund and a $700m growth fund.
Portfolium displays USA Loans investment in $6.6m round
Student loans guarantor USA Loans contributed to a round that brought student recruitment startup Portfolium’s overall funding to almost $9m.
Nykaa plays nice with $12m round
TVS Capital Funds reinvested as part of a round that doubled the beauty e-commerce platform’s funding to more than $24.5m.
Sarcos brings corporates on board in $10.5m round
The robotics technology developer raised the funding in a round featuring strategic investors General Electric, Caterpillar and Microsoft.
Razer joins corporate venturing game with $30m fund
The gaming product maker has formed a $30m fund called zVentures which will target sectors including virtual reality, game development and connected devices.
Kliavkoff leaves Hearst for a Jaunt
Hearst Ventures president George Kliavkoff has departed to take the chief executive position at virtual reality content developer Jaunt.
Hipmunk shows it means business in Concur acquisition
Nokia has exited the travel comparison platform, which had raised at least $55m since 2010, in an acquisition by business travel and expenses service Concur.
Flynn resurfaces at Tyton Partners
Rich Flynn, who stepped down from his position as president of Apollo Education Ventures in April, has joined Tyton Partners as managing director.
Phononic keeps its cool with $30m
Rex Healthcare has returned to back a $30m round for the thermal heating and cooling technology maker, having previously contributed to a $44m series D in 2014.
Citrus Pay proves fruitful investment
Beenos and eContext are set to exit Citrus Pay in a $130m acquisition by Naspers subsidiary PayU Corporate, defying earlier reports valuing the deal at up to $180m.
Defy Media reaches out for $70m
The Viacom and Lionsgate-backed online video producer has secured $70m in a Wellington Management-led series B round that will support an expansion in its programming.
Ford pays $65m to win Chariot race
Ford Smart Mobility is set to acquire shuttle service Chariot, which had raised $3m from investors including Major League Baseball, for a reported $65m.
Crispr plays it cool with IPO filing
Existing backer Bayer will invest $35m through a private placement alongside an initial public offering in which the gene editing company is initially looking to raise $90m.