enture capitalist Chris Sacca is launching four climate tech funds worth about $800 million in total through his new firm Lowercarbon Capital LLC. “The idea that a relatively small amount of money could be a huge lever in confronting this crisis, I love that,” he said. Sacca made his name and lots of money with [...]
The University of Tokyo Edge Capital Partners (UTEC) is launching a new program to address a problem the venture capital fund says many deep tech founders face. They may raise pre-seed capital from an incubator or accelerator program, but reach a funding gap before moving on to early-stage rounds. Without financial resources, it takes longer to [...]
The Texas Tech Research Park Inc. Board of Directors chairman and president John Esparza has announced the launch of a collaboration with Seraph and the Lubbock Angel Network (LAN) to launch the research park’s first venture capital fund, the Seraph Hub Fuel Fund. The focus of the collaboration is to accelerate business success of high-tech startups and emerging companies in the [...]
SALT LAKE CITY, June 8, 2021 /PRNewswire/ -- Altitude Lab today announced the launch of its Investor Coalition, a partnered network of leading healthcare venture capitalists to fund, mentor, and provide resources for Altitude-incubated startups. Together, the Investor Coalition will support a diverse community of founders who are shaping Utah's rapidly growing healthcare innovation economy and aims to collectively invest $50 [...]
Cincinnati startup capital company CincyTech has finished raising its fifth fund, giving it nearly $20 million in new money to invest. Avondale-based CincyTech, based in the University of Cincinnati’s 1819 Innovation Hub in Avondale, raised $19.7 million for its fifth investment fund. It wrapped up fundraising at the end of April. CincyTech will use the [...]
When Chris Garabedian set out early last year to raise money for a second Perceptive Advisors fund focused on early-stage biotech startups, it took just a matter of months to draw interest from investors willing to commit more than $1 billion total. The fund could have closed with that much money, maybe more, said Garabedian, [...]
A new fund is launching in the Midwest to invest in early stage startups across the region. And it's led by a group of experienced founders who are committed to reinvesting in their startup communities. The Midwest Fund is the latest geographic-specific VC group from The Fund, a New York-based venture firm that's previously launched funds in Los [...]
A virtual pitching event has offered Purdue University-affiliated startups the chance to connect with potential customers and agriculture leaders during the pandemic. Fish Tank was a virtual pitching event held earlier this month during the Purdue Ag Alumni Association’s Gone Fishin’ event, the virtual alternative to its annual Fish Fry. The Fish Tank featured 12 Purdue [...]
Venture funds have historically counted on several types of limited partners — or LPs — for their own investing capital. One of these groups is institutional investors — think pension funds, university endowments, hospital systems and the like. Another is corporations. A third bucket centers on wealthy individuals and often their family offices. It’s a fairly [...]
ARCH Venture Partners today announced the closing of ARCH Venture Fund XI, with over $1.85 billion to invest in the creation and funding of early stage biotechnology companies. "From its start, ARCH sought out great science with the potential to significantly improve human health. While Fund XI is our largest to date, we have always invested at levels [...]