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January 23, 2020

News

Allos Ventures Spawns A Third Fund

Allos Ventures has announced it has closed on $52 million for its third fund, Allos III. This fund, according to Wisconsin Inno, could support as many as 30 high growth tech startups across the Midwest U.S. Allos wants to invest in up to 18 Series A funding rounds and up to 12 seed funding rounds. The Indianapolis and Cincinnati based VC firm has already helped launch eight companies, including Curate Solutions, which last summer, closed on a $1.65 million funding round. David Keer, Don Aquilano and John McIlwraith are the fund’s managers.

Two Sigma Ventures Launches Third Fund

The fund Two Sigma Ventures is launching, Two Sigma Ventures III, has $288 million in the bank that plans to continue backing early-stage technology companies, mostly seed, Series A and B startups. The larger company was formed in 2012 and has spawned two funds before this third one launched. Two Sigma has helped launch several businesses in enterprise technology (Enigma, Gitlab, NSi, Radar) consumer technology (Bark, Spruce Up and WHOOP) and data driven drug discovery (Insitro, Terray Theraputics and Kallyope).

Watermark Residential Launches Fund For Residential Projects

Watermark Residential, a top developer of multifamily properties, announced it has closed on a fund specifically designed for funding multifamily projects. Watermark 3G Multifamily Development Fund II, has successfully met its $105 million funding limit. This new fund is a joint venture between Watermark Residential and 3G Capital Advisors LLC.

Citi Launches Impact Investment Fund

Citi is launching a new fund to help launch new startups that will make a positive impact on society. The fund, which will have $150 million on hand, will make investments in startups that facilitate workforce development, sustainability, financial access, physical and social infrastructure. Investments in individual startups could be as high as $10 million. However, these companies must have proof of concept, a base of users, potential for scale and have secured prior rounds of funding.

Canapi Ventures Launches New Fund

Canapi Ventures new fund has $545 million ready to help fund fintech startups. The Wilmington NC based VC was launched by local entrepreneur Chip Mahan with partner Gene Ludwig. Both Mahan and Ludwig help build Live Oak Bank and the cloud financial firm nCino. The fund plans to invest in early to growth stage startups which seek “disruptive alternatives to outdated business models and technologies.”

Acquisitions

VMWare Acquires Nyansa

Nyansa is an AI-based network analytics platform that will help VMWare deliver end-to-end network visibility and monitoring within its cloud. Nyansa currently provides services for Tesla, Uber, Lululemon, Rooms To Go, GE and more. The purchase amount was not disclosed. VMWare expects to close the deal in first quarter 2021 pending regulatory conditions. More…

Talent

Cloud management startup Thundra announced it has hired Ken Cheney as its new chief execuitve officer. Cheney is a veteran in enterprise startups as well as established corporations like Hewlett-Packard, Mercury Interactive and Message Bus. His appointment comes as the company announced a successful Series A funding round.

 

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