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.'
To address Europe's 'Series B Death Valley' for climate tech companies, World Fund has set aside €200m of its new €300m fund for follow-on investments in its best-performing companies.
TLCom Capital's TIDE Africa II has raised $154 million to make early-stage investments in start-ups based in Africa.
The late-stage software investor managed to produce three exits in four weeks to end Q1 2024 even as exits via traditional routes drop quarter-on-quarter.
Chevron Technology Ventures, SOSV and Wellington Management closed on new climate-focused venture capital funds this week.
'We did have indications that the fundraise could close at over $400 million right up until the crash of Silicon Valley Bank in March of 2023,' says founder Sean O’Sullivan.
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.
In part eight of his series on venture debt, Zack Ellison from Applied Real Intelligence dispels five common myths about venture debt.