Lerer Ventures, one of the better known seed stage venture capital funds based out of New York, is raising a $30 million fund, according to its Form D filed today with the SEC. It’s the third fund in the venture firm’s history and aims to raise the bar a bit from Lerer’s second fund, of $25 million, which it raised in May 2011.
Matrix Partners just announced the close of Matrix X, the venture firm’s tenth early-stage technology-focused fund. As Fortune’s Dan Primack reported in a scoop in April, the firm raised $450 million for this fund.
The fund will be used to make early-stage investments in consumer Internet, mobile, enterprise software and IT infrastructure.
Today SoftBank Capital, the NY-based venture arm of Japan’s largest wireless provider Softbank Corp., has strengthened its ties to Japan even further, announcing that Yahoo! Japan will be injecting $20 million into SoftBank’s early-stage Technology Fund ’10.
The $20 million investment and partnership will help U.S.
Foundation Capital is announcing its seventh fund, Foundation Capital Fund VII. The VC firm has raised $282 million in new capital, bringing total capital under management to $2.7 billion over 17 years.
Point Nine Capital, the Berlin-based VC that originally spun out of the investment arm of German incubator Team Europe, has announced that it has closed Point Nine Capital II, a €40 million (~$53.7m) fund focused on early-stage Internet investments of approximately €1m upwards in Europe and beyond.
It’s being billed as “new”, succeeding Point Nine’s original and significant
As the market for angel and seed investments has heated up, Dave McClure’s 500 Startups has been growing aggressively. It was just six months ago that 500 Startups raised its second fund, bringing on an additional $50 million to invest in early-stage companies.
Early-stage investment firm Trinity Ventures is raising a $325 million fund, according to a filing with the Securities and Exchange Commission.
The firm was founded in 1986, and says it makes seed and early-stage deals on companies in cloud and mobile infrastructure, digital media, software as a service, social commerce, and entertainment. This is Trinity’s eleventh fund.
Editor’s note: Navin Chaddha is a Managing Director at Mayfield Fund, a global early-stage venture capital firm with over $3 billion under management, whose portfolio companies leverage the drivers of cloud/SaaS, mobile, social, energytech and big data. Some current Mayfield Fund investments include Appcelerator, Fab, Marketo, Poshmark, Solarcity, and Zimride.
The U.S.
Editor’s note: Robert Wiltbank, PhD, is a professor at Willamette University, where he and Wade Brooks run an angel investing fund managed by second-year MBA students. He is on the board of the Angel Resource Institute, and is a partner with Montlake Capital (a late stage growth capital fund) and with Revenue Capital Management (a royalty based lender).
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