By Evan Vitale
What’s new in the world of venture capital news? Here are some of the top stories making the rounds over the past week or so.
Finsmes reports that _Underscore.VC, a Boston, MA-based and newly formed venture capital firm, has closed its $75 million inaugural fund.
The fund – backed by Limited Partners including children’s hospitals, academic institutions, and global foundations – will invest in in Seed-to-A venture rounds of Cloud Intelligence startups.
Co-Founded by John Pearce, Operating Partner, Michael J. Skok, Investing Partner and C.A. Webb, Community Partner, the firm is built on what it calls “_Cores“, which are curated communities of founders, entrepreneurs, and operators, who are motivated to give back beyond the investment opportunity.
You can catch up on the news here: http://bit.ly/1ty82Ua
Stephen McIntyre will be replaced by Mark Little, the former RTE journalist and presenter, founder and former CEO of Storyful.
He is currently Twitter’s Vice-President of Media for Europe and Africa.
Stephen McIntyre is to join Frontline Ventures, an early stage venture capital firm founded by Shay Garvey and Will Prendergast with offices in Dublin and London.
The story is here: http://bit.ly/24SKC7i
According to the Register-Guard, a new venture capital fund wants to increase money flow to Eugene-Oregon area start-ups.
Early stage venture capital, which has been scarce in the Eugene-Springfield area, may start becoming a bit more plentiful this summer because of a new fund that is trying to reach entrepreneurs in underserved areas in the Pacific Northwest.
In January, entrepreneur and investor Nitin Rai launched Elevate Capital, a Portland-based venture capital firm. The firm’s Elevate Capital Fund aims to raise $10 million from investors in the next 12 months. About $1 million of the $10 million will be raised from Willamette Valley investors, with plans to plow most of it back into the Willamette Valley, said Rai, Elevate Capital’s managing director.
On Thursday, Elevate Capital announced that Meyer Memorial Trust had stepped up as lead investor in the venture fund by investing $2 million.
You can read the rest of the story here: http://bit.ly/1Pw68aO
