Firms & Funds

Venture capital emerging manager roundup: GreatPoint, Glean, Bling and more

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Emerging managers raised more than $1.6 billion in the past few weeks. Venture firms were responsible for $761.7 million.

GreatPoint was far ahead of all other firms, raising $245.6 million for its sophomore fund. The firm was founded by entrepreneurs and focuses on seed-stage investments.

Glean Capital was second with $96.9 million for its sophomore fund. The firm invests in established venture-backed technology companies.

Bling Capital had a busy two weeks. The firm, founded by Ben Ling, raised more than $94 million for its main vehicle and an opportunity fund.

Below is a rundown of the most significant venture funds that VCJ has identified as being in the market over the past few weeks:

Ben Franklin Technology Partners focuses on Pennsylvania’s technology community. Its debut fund raised $14.5 million of a targeted $50 million.

Ben Ling’s Bling Capital provides seed funding across multiple sectors, including consumer tech, data, fintech, SaaS and automation. It raised more than $94.6, according to five regulatory filings.

Glean Capital pursues venture-backed technology companies. Its sophomore fund raised $96.9 million of a $200 million target.

Grayhawk Capital provides capital to early and growth-stage companies in the information technology industry. It raised $10 million of a targeted $75 million for its third fund.

GreatPoint is a venture firm founded by entrepreneurs that lead rounds and join its companies’ board of directors. Its second fund raised more than $245.6 million.

Greenoaks Capital makes concentrated investments in tech-enabled companies globally. It raised $10 million for its second opportunity fund.

InFocus Capital Partners focuses on life science opportunities. Its debut fund raised more than $10.7 million of a targeted $50 million.

Intudo Ventures focuses solely on Indonesian homegrown early-stage companies. Its sophomore fund raised more than $59.7 million.

Pillar looks to find the next wave of technology companies. It has raised more than $84.8 million of a targeted $85 million.

RRE Ventures invests in category-defining companies in industries ranging from the financial service, 3D Printing, media and space and robotics. Its sophomore leaders fund raised $57.9 million.

TechOperators seek opportunities in cybersecurity, enterprise productivity and IT infrastructure. Its third fund raised $76.7 million of a targeted $100 million.

Vast Ventures invests in disruptive companies with global impact across a wide variety of sectors. It closed its current fund at $10 million.