Venture
NORWAY - Energy Ventures secures NOK 85m for top-up fund
Norwegian venture capital firm Energy Ventures has raised NOK 85m for a top-up fund for its Energy Ventures II KS fund.
DACH – Target Partners II holds final close on EUR 113m
Venture firm Target Partners has conducted the final close of Target Partners Fund II on EUR 113m.
UK - Finance Wales et al. launch £150m fund
Finance Wales plc, the Welsh Assembly Government and the European Investment Bank have launched a new £150m commercial investment fund to support the growth of businesses in Wales.
UK- Octopus, Aberdeen chosen to manage govt-backed CFE funds
Octopus Investments and Aberdeen Asset Managers have been chosen to each manage a £30m government-backed Capital for Enterprise fund (CFE).
UK- Longbow Capital launches venture fund for Sipp investors
Healthcare venture specialist Longbow Capital has launched a venture fund designed for self-invested personal pension (Sipp) holders.
GLOBAL - Google launches $100m venture fund
Search engine Google has set up Google Ventures, a $100m venture capital fund designed to invest in early-stage companies.
ITALY - Quantica’s second fund closes on EUR 65m
Italian venture firm Quantica has closed its second fund, Principia II, on EUR 65m, surpassing its target of EUR 20-40m.
NETHERLANDS - Robeco to launch cleantech fund
It is understood that Dutch private bank Robeco has teamed up with Chinese company TEDA International Corp to launch Robeco TEDA Sustainable Private Equity Fund, a new vehicle focusing on cleantech and related products.
GERMANY - Merck launches strategic venture capital fund
Merck KGaA has launched Merck Serono Ventures, a venture capital fund designed to invest in biotech start-up companies in the company's core therapeutic areas.
SPAIN - Eland to raise third fund
Eland Private Equity has launched Eland Energías Renovables III, a EUR 30m fund to invest in projects in the renewable energy sector.
UK - Oxford Capital launches 'approved' EIS fund
Oxford Capial has launched its second Enterprise Investment Scheme (EIS) fund, Oxford Gateway Approved Fund, which will invest in early and development stage companies in the healtcare, sustainability and communications sectors.
UK - North-West raises close to £5m
Newcomer North-West Private Equity has held a first closing of its inaugural fund, PHD Equity Partners Fund No 1, just short of £5m.
UK - New group Rockley launches EUR 100m fund
Rockley Group, a new technology-focused investor founded by two established business angels, has launched its inaugural third party fund, Rockley Follow-On Fund, which will have a target of EUR 100m.
EUROPE - Index Ventures V closes on EUR 350m
Index Ventures has held a final close of its fifth fund, Index Ventures V, on EUR 350m.
DACH - PINOVA Capital holds first closing on EUR 50m
PINOVA Capital has announced a first closing of its first fund, PINOVA Fund I, on EUR 50m.