Resolute Ventures to raise $75 mln venture-capital fund

Resolute Ventures has set out to raise a $75 million fourth venture-capital fund, according to a filing with the SEC. No first close was reported. The firm was co-founded by Michael Hirshland, formerly a general partner at Polaris Venture Partners. The filing is available here.  

Ex KP’s Michael Linse to raise $65 mln venture fund

Linse Capital has set out to raise $65 million for a venture-capital fund, according to a filing with the SEC. Linse Capital CP V did not report a first close. The firm is run by Michael Linse, formerly with Kleiner Perkins Caufield & Byers. The filing can be found here.  

Mantra Secondary Opportunities II raises 120 mln euros

Mantra said Nov. 12 that its latest secondary fund closed at its 120 million euro ($135.1 million) hard cap. Also, a Mantra fund-of-funds vehicle focused on primary commitments hit a first close. PRESS RELEASE November 12, 2018 – Mantra Secondary Opportunities II fund (MSO II), which targets investments in mature private equity funds in uncrowded niche strategies, has closed at its hard cap of €120 million. In parallel, Mantra Primary Opportunities 2018 (MPO ‘18), a fund-of-funds vehicle focusing on primary commitments – also in niches – has achieved its first close and has made its first two investments. Mantra’s vehicles invest in off the beaten path strategies, an overlooked and hard to analyze portion of the private equity market that offers exceptional value. Through the first quarter of this year, Mantra’s team of nine professionals have achieved an aggregate annual internal rate of return in excess of 30 percent.
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M13 to raise $150 mln second venture-capital fund

M13 Ventures has set out to raise a $150 million second venture-capital fund, according to a filing with the SEC. The firm is run by Carter and Courtney Reum, who sold the VEEV Spirits, the company they founded to Luxco. A first close was not reported. The filing is available here.    

Seed-focused 1984 Ventures raises more than $42 mln for first fund

San Francisco-based 1984 Venture has raised more than $42.27 million from 50 investors, according to a regulatory filing. The firm says it is now targeting $50 million for the inaugural fund. 1984 Ventures, named as an homage to the year Apple introduced the Macintosh computer and advertised it with a futuristic Super Bowl commercial, invests in early seed businesses using software to solve real-world problems. The firm is led by entrepreneur and investor Ramy Adeeb, a onetime principal at Khosla Ventures.

Omega Funds to raise $400 mln venture-capital fund

Omega Funds has set out to raise a $400 million venture-capital fund, according to a filing with the SEC. No first close was reported for Omega Fund VI. The Boston-based firm invests in biotechnology and medical device companies in North America and Western Europe. The filing is available here.  

Health Velocity collects more than $185 mln for maiden fund

Health Velocity Capital has closed its inaugural fund at more than $185 million. Health Velocity Capital I will focus on healthcare software and services businesses. Sparring Partners Capital was the placement agent while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP served as legal counsel to Health Velocity Capital. PRESS RELEASE SAN FRANCISCO AND NASHVILLE, TENN. (PRWEB) NOVEMBER 08, 2018 Health Velocity Capital (“Health Velocity”) announced today the final close of Health Velocity Capital I and affiliated funds with more than $185 million in committed capital. The fund will be invested to further Health Velocity’s mission of generating outstanding returns while helping to build innovative healthcare software and services businesses that contribute to a more affordable, sustainable, consumer-friendly US healthcare system. This fund represents one of the largest inaugural funds ever raised exclusively for this sector and stage of investment. In addition to traditional financial investors, Health Velocity includes in
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Biomatics wraps up second healthcare fund at $300 mln

Biomatics Capital Partners has raised $300 million for its second healthcare fund. The fund will focus on emerging companies with breakthroughs in diagnostics, therapeutics, R&D and clinical care. Investors include family offices and institutions. PRESS RELEASE SEATTLE, Nov. 8, 2018 /PRNewswire/ — Biomatics Capital Partners, a venture capital firm focused on advancing data-enabled healthcare innovations, has launched its second fund — raising $300 million to invest in emerging companies with breakthroughs in diagnostics, therapeutics, R&D and clinical care. Investors in the fund include a mix of family offices, institutions and individuals who are committed to bringing transformational ideas to the marketplace. The announcement comes after Biomatics successfully completed its first fund, which invested $200 million into more than a dozen companies including GRAIL, Denali Therapeutics, Verana Health, Aledade, eGenesis, BlackThorn Therapeutics and Omniome. (View portfolio.) In conjunction with the launch of its second fund, Biomatics Managing Directors Boris Nikolic,
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MassMutual Ventures rolls out $50 mln Southeast Asia fund

MassMutual Ventures has launched MassMutual Ventures Southeast Asia, a $50 million fund. Based in Singapore, MMV SEA will invest in 10 to 15 startup companies throughout the region over the next three years. Ryan Collins and Anvesh Ramineni are leading MMV SEA. PRESS RELEASE BOSTON and SINGAPORE, Nov. 6, 2018 /PRNewswire/ — Widening its investment reach, MassMutual Ventures (MMV) announced today the establishment of a USD 50 million fund – MassMutual Ventures Southeast Asia (MMV SEA) – which will make investments in 10 to 15 startup companies throughout the region over the next three years.
MMV SEA, based in Singapore, is targeting Series A and Series B round investments in digital health, fintech, insurtech and enterprise software. MMV SEA’s funding is being provided through the general investment account of parent company Massachusetts Mutual Life Insurance Company (MassMutual). The new funding brings the total capital under management for four-year old MMV
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Brazilian venture firm Monashees closes $150 mln for eighth fund

Brazilian venture firm Monashees has raised $150 million for its eighth fund. Monashees VIII will focus on backing tech startups in the region. Its investors include Brandywine Trust Group, S-Cubed Capital, Temasek, CreditEase, IDG, Mike Krieger, Horsley Bridge Partners and the University of Minnesota, as well as fifteen high-net worth Brazilian families and groups. PRESS RELEASE SÃO PAULO–(BUSINESS WIRE)–Brazilian venture capital firm monashees today announced the close of monashees VIII, LP, its new fund totaling US$150 million to support early stage investments in high-growth technology startups in the region. The capital base includes international endowments, foundations, family offices, funds, and entrepreneurs, such as Brandywine Trust Group, S-Cubed Capital, Temasek, CreditEase, IDG, Mike Krieger, Horsley Bridge Partners and the University of Minnesota, as well as fifteen high net worth Brazilian families and groups. monashees is the largest and most active venture capital firm in Latin America (LatAm) with more than
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SGVC raises $51 mln venture-capital fund

SGVC has raised a $51 million third venture-capital fund, according to a filing with the SEC. The firm was founded by Managing Partner Dovi Frances and its website lists 8VC General Partner Joe Lonsdale, apparently as an advisor. Seventy-six LPs contributed capital, according to the filing. The document is available here.