Venture
Primo Digital Fund launches with €80m target
Fund has a special focus on the e-commerce, software, cybersecurity, fintech and blockchain sectors
Icebreaker closes second fund on €100m
VC also closes a €20m Opportunity Fund, which will be used for follow-on investments in portfolio companies from the first fund
Lansdowne et al. in $120m round for TechMet
Company intends to launch a new round of funding later this year, with the goal of raising around $250m
Brightlands Venture Partners IV holds €45m first close
Fund invests in renewable chemistry, regenerative medicine and agri-food across the Netherlands, Belgium and parts of Germany
Electric car maker Polestar raises $550m from new investors
Company raised $1.2bn in a series-A round last year and said that further fundraising was being considered
Summit Partners leads $68m round for Lingoda
Existing investors in the Germany-headquartered online language school include Grazia Equity
Cathay Innovation buys minority stake in Seaya Ventures
Cathay and Seaya expect to build synergies and further develop their complementary expertise
VCs in $115m round for CeQur
Funding round is the largest ever recorded for a medical equipment company in Switzerland
Silver Lake's Cegid buys VC-backed Talentsoft
Following the merger, the combined group's turnover is expected to exceed €600m
Accel, IVP lead $69m series-B for Veriff
AI company has raised $92.8m to date and will use the proceeds to expand in the US market and enhance its product offering
Future Planet Capital acquires Midven
Midven was founded in 1990 and focuses on West Midlands-based science and technology investments
Shackleton launches fifth venture secondaries fund
Fund combines secondaries purchases with the deployment of fresh capital directly injected in promising companies
Lugard Road, Luxor Capital lead €450m round for Glovo
Round also sees participation from previous investors, including Delivery Hero, Drake Enterprises and GP Bullhound
UV T-Growth Fund holds €100m first closing
Fund targets late-stage companies, primarily across the 5G, AI, cybersecurity, cloud and Internet-of-Things sectors
Verlinvest leads $100m series-C for Everli
New investors Luxor, DN, C4 and Convivialité also take part in the round, alongside FII, 360 Capital, Innogest and DIP
General Atlantic leads $145m round for Staffbase
Round for the employee communications software is the fifth-largest in DACH so far in 2020
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
Gyroscope Therapeutics raises $148m in Forbion-led series C
Series-C round for the gene therapy company is led by Forbion’s Growth Opportunities Fund
Aldea Ventures holds €60m first closing
Fund follows a hybrid strategy, investing both in small VC vehicles and technology startups
UVC Partners set for Q2 2021 final close for third fund
UnternehmerTUM Fonds III is targeting €150m and held a first close in October 2020 on €108m
Target Global heads for Growth II final close
Fund will make series-B and -C investments; it has a target of €400m and a hard-cap of €600m
VC Profile: OpenOcean
Software-focused VC held a second close on €92m for its third main fund in February, and plans to reach €130m before the end of H1
Commonfund Venture Partners XIII closes on $625m
CVP XIII plans to deploy the majority of its capital in established early-stage global venture capital funds
Earlybird heads for Growth Opportunities final close
European VC investor is also fundraising for its latest Digital West and Health funds