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July 31, 2024 | Tom Ballard

VC News | Florida Funders files to raise a Fund 3 at $100 million

The Colorado BioScience Association selects 26 companies to present at the Rocky Mountain Life Sciences Investor and Partnering Conference.

From Tampa, FL:

Florida Funders has filed a Form D with the Securities and Exchange Commission indicating plans to raise $100 for its Florida Funders Fund 3. According to the filing, the firm has raised $18.125 million.

According to a report in the Tampa Bay Business Journal, Florida Funders raised a similar amount for Fund 1 and $60 million for Fund 2. “The fund will follow the firm’s longtime investment focus on business-to-business software within the fintech, artificial intelligence and machine learning, ‘future of work,’ healthcare, sports and entertainment, education, and cybersecurity verticals,” the article says.

From Breckenridge, CO:

The Colorado BioScience Association (CBSA) has announced the 26 companies selected to present at the Rocky Mountain Life Sciences Investor and Partnering Conference in Breckenridge on September 12 and 13.

High-profile angel investors, venture capitalists, and representatives from large life sciences companies converge in the Colorado mountains to learn about new breakthroughs coming out of the Rocky Mountain Region from emerging life sciences companies in biotech, pharma, medical device, diagnostic, ag bio, and animal health.

The event also reinforces CBSA’s commitment to Capital + Growth, supporting access to capital at all stages of development, and commercialization for life sciences companies.

To see a list of those pitching at the event, click here.

From San Francisco, CA:

Mangusta Capital has officially launched with a focus on investing in artificial intelligence and consumer disruption. The objective of the firm is to support and accelerate businesses that will shape the future – from artificial intelligence to innovative consumer brands to life-changing healthcare technologies. It will be a firm dedicated to the most revolutionary founders and a platform focused on supporting the most promising global start-ups with early venture to growth stage capital.

The firm draws its name from the Italian word for mongoose, symbolizing its approach to investing – swift, precise, and unrelenting in the pursuit of extraordinary opportunities. The firm was co-founded by Tommaso Chiabra from the Principality of Monaco, an investor in notable companies such as the sustainable food pioneer Neat and Royal Yacht International, and Kevin Jiang from Silicon Valley, a tenured investor with wide-ranging experience from Goldman Sachs to Apollo Global Management, and most recently a founding member of the Investment Team at Softbank’s Vision Fund.

From New York City, NY:

Galaxy Asset Management, an affiliate of Galaxy Digital Holdings Ltd. and one of the world’s largest digital assets and blockchain investment managers, has announced an initial close of $113 million for Galaxy Ventures Fund I LP, a venture capital fund focused on investing in early stage companies across crypto protocols, software infrastructure, and financialized applications.

This new fund has attracted institutional allocators, family offices, and high-net-worth individuals since fundraising started in the second quarter of this year. Given the additional interest from institutional investors, Galaxy expects to continue fundraising into next year and reach, if not exceed, the fund’s $150 million target.

The fund will expand upon Galaxy Ventures’ time-tested thesis: Investing in companies that engineer digital asset innovation and enable financial institutions, start-ups, and markets to participate in the onchain future. The team’s goal is to build a portfolio of approximately 30 investments in the most promising digital asset companies.

The new fund will be led by Galaxy Ventures General Partners Will Nuelle and Mike Giampapa.



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