Drive Capital launches $300 million second fund for Midwest startups
Drive Capital LLC has launched a $300 million fund to invest in Midwest startups, surpassing its first fund and catapulting the venture capital firm to more than a half-billion dollars under management. Co-founders Mark Kvamme and Chris Olsen, who started the firm in Columbus after leaving Sequoia Partners in Silicon Valley, said their thesis is […]
Rev1 Ventures, Ohio State University Launches $22 Million Seed Fund to Fuel High-Growth Startups
Today, Rev1Ventures, a top VC investor in the Great Lakes Region, announced the launch of Rev1 Fund I, the company’s most significant fund to-date and the largest seed-stage fund in Columbus history. A first-of-its-kind for the region, the corporate-backed fund is supported by Nationwide, The Ohio State University, Cardinal Health and other top Columbus companies […]
Qualcomm invested $23 Million In 5 Firms From India Venture Fund
Qualcomm on Monday said it has already invested $23 million (about Rs 150 crore) in five companies from the $150 million venture fund, which the electronics chip major had announced for India last September. Asked about an update on the company’s India investments, Qualcomm’s Executive Chairman Paul Jacobs, who met Telecom Minister and IT Minister […]
£75m raised in technology start-up investment by Cambridge University
A capital investment fund company, founded by Cambridge University in partnership with other investors, has raised capital of £75 million in anticipation of an IPO flotation. This is a major success story for continuing investment into technology and healthcare innovative startups in the Cambridge region. The IPO was oversubscribed, a sure sign of the strong […]
Tata’s $300m venture fund plans to invest in startups
Mumbai-bred Turakhia brothers turned billionaires as a group of Chinese investors acquired their ad tech startup Media.net for $900 million in cash, in what would be the third largest deal in the industry. The newly set up RNT Capital Advisers, a venture fund launched by Tata Sons chairman emeritus Ratan Tata, will deploy $300 million […]
China launches $30 billion state-controlled venture capital fund
China’s state council has approved a 200 billion yuan ($30.19 billion)venture capital fund to invest in innovative technology and industrial upgrading projects, the country’s state assets regulator said on Thursday. China has been encouraging its industrial firms to rise up the value chain through technical innovation and tougher efficiency standards, with the aim of creating […]
Badger Fund raises more than $10 million
The Badger Fund of Funds said Tuesday it has raised more than $10 million of capital from private investors, double what was required by the state legislation that launched it. The private funding brings to more than $35 million the amount the Badger Fund has to invest. The Badger Fund was formed after the state in 2013 committed […]
Does every university need its own venture fund?
There are a number of other funds affiliated with various universities across the country. Cambridge Enterprise Seed Funds is this year celebrating 21 years of investment. IP Group has had deals with various universities for some time. This is in addition to Imperial Innovations, Oxford Sciences Innovation and of course our very ownCambridge Innovation Capital […]
Venture fund puts $6 million into UCSD inventions
Two technologies from UC San Diego – a saliva diagnostics sensor and foam that can generate power – have been selected for up to $6 million in funding by local start-up investor NextWave Venture Partners. The deals highlight NextWave’s business model of licensing promising technologies from universities and research institutes. It has named its latest […]
Alafair Biosciences raises $2M with eye on marketing, product development; U Texas Horizon Fund invests
Alafair Biosciences Inc. has identified how it plans to spend its most recent $2 million series A funding round — the Austin medical device company said Monday afternoon it will use those dollars for product development and to widen its branding reach. The investment, first reported by Austin Business Journal back in mid-July, was led […]