Lawrence Aragon
Venture funds managed to raise just $15bn worldwide in Q1, a 53% decrease from about $32bn in the same quarter a year earlier.
Venture firms worldwide closed on $15bn in the first quarter. It was their smallest fundraising haul since Q3 of 2017.
The venture secondaries firm says it plans to use 'equity investments and structured financings, as well as GP- and LP-facing transactions, to gain exposure to its target companies at attractive risk-adjusted returns.'
TLCom Capital's TIDE Africa II has raised $154 million to make early-stage investments in start-ups based in Africa.
Chevron Technology Ventures, SOSV and Wellington Management closed on new climate-focused venture capital funds this week.
The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.
A detailed list of climate-focused venture capital funds raised since January 2022.
Fund IV, which closed on $60m, listed a target of $100m in a regulatory filing when it began fundraising in June 2022.
Andreessen Horowitz has closed on $7.2bn for multiple funds, including $3.75bn for growth investments.
Lakestar's fourth early-stage fund, which was seeking €250m, closed on €280m, while its second growth vehicle closed on €320m after targeting €750m.