PE Tech Report

Venture Capital

New chair for Invest Europe

Invest Europe has appointed Dr Gerry Murphy, Senior Managing Director and Chairman of Blackstone Europe, as Chair of the Association. He succeeds Max Römer, Founding Partner of Quadriga Capital.  Murphy has been a senior figure in Blackstone’s team in London since joining the US alternative investments manager in 2008. His

Twitter acquires VCT-backed Magic Pony

VCT provider Octopus has announced a successful exit for investors in its GBP300 million Octopus Titan VCT (Titan VCT) as Twitter acquired portfolio company Magic Pony Technology, a technology company which has pioneered new machine learning techniques for visual processing.  Stuart Lewis, VCT Business Line Manager at Octopus, says: “There’s

Invest Europe reports increased activity in European private equity in 2015

Invest Europe’s 2015 European Private Equity Activity report finds that private equity investment into European companies increased by 14 per cent to EUR47.4 billion in 2015, along with high fundraising and exit activity.  The trade association’s report provides verified data gathered directly from more than 1,200 European private equity firms,

Octopus Titan VCT raises a record GBP100 million

Octopus Investments’ Octopus Titan Venture Capital Trust (Titan VCT) has raised a record GBP100 million. This is the largest ever fundraise for Titan VCT, the UK’s biggest Venture Capital Trust (VCT). The news follows swiftly on the heels of the latest figures from the Association of Investment Companies, which revealed

Vasona Networks adds USD14.6m in venture capital

Vasona Networks has closed a USD14.6 million series C Round, bringing total funds raised by the company to USD48 million.  The financing builds on global momentum that has seen the company's solutions used by tier-one mobile network operators in four of the world's largest cities, including announced use by Telefónica

Founders Fund closes USD1.3bn VC fund

Founders Fund has closed a USD1.3 billion sixth fund, bringing the firm’s total amount of capital under management to over USD3 billion. Founders Fund VI will be led by partners Lauren Gross, Ken Howery, Geoff Lewis, Scott Nolan, Luke Nosek, Brian Singerman, and Peter Thiel. Members of the team have

Flint Capital increases share in Creamfinance

Venture Capital fund Flint Capital has bought an EUR1 million minority share in Creamfinance from an Angel investor, which coupled with its original investment in the firm two years ago, makes it CreamFinance’s largest institutional investor. According to Andrew Gershfeld, partner at Flint Capital, the Venture Capital fund decided to

Dollars

Lightspeed Venture Partners closes on USD1.2bn of committed capital

Early stage venture capital firm Lightspeed Venture Partners has held the closings of Lightspeed Venture Partners XI (Fund XI) with USD715 million of committed capital and Lightspeed Venture Partners Select II (Select Fund II) with USD500 million of committed capital.  The new core fund is a continuation of Lightspeed's focus

AlphaSense raises USD33m from Tribeca, Triangle and Quantum

AlphaSense has secured USD33 million in growth capital from Tribeca Venture Partners, Triangle Peak Partners, and Quantum Strategic Partners (a private investment vehicle managed by Soros Fund Management), as well as notable individual investors such as Tom Glocer, formerly CEO of Thomson Reuters. AlphaSense launched its service in 2011 and

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