Lawrence Aragon
To understand why data centers use so much electricity, it is important to understand the energy required by AI.
New Enterprise Associates is expanding beyond direct investing into secondaries, recently raising $468.2 million for NEA Secondary Opportunity Fund.
G Squared VI will focus on the tech subsectors of software-as-a-service, fintech, insurtech, mobility and consumer internet.
Accolade Partners is the fund's anchor investor.
The firm has raised $30m for its inaugural fund, which will make seed investments in healthcare data and AI start-ups that enhance cancer care and research.
VXI Capital, founded by the former CTO of the Defense Intelligence Unit and former head of government partnerships at The Engine, is targeting $75m for its inaugural fund.
Climate-focused venture funds raised a combined $6.9 billion as of August 6, up from $5.2 billion for all of 2023, according to Venture Capital Journal research.
It looked like the sky was falling in the first quarter, but Q2 fundraising totals appear to show things getting back to normal. Lots of questions remain.
If Q2's pace continues through the rest of the year, the full-year total could come in at around $120bn, matching the 2023 total.
Forbion, a life sciences venture capital firm, has held a first close on €75m for Forbion BioEconomy Fund I, which is targeting €150m.