A round up of the week's new fund and incbuator launches.
Panoramic Ventures, a US-based venture capital firm, has been launched with a fund target of $300m to focus on startups located in the US Midwest and southeast, as well as companies with underrepresented founders. It will aim to tap into university ecosystems and back both spinouts and student startups. Panoramic Ventures is the result of a partnership between BIP Capital and private investor Paul Judge.
OpenOcean, a UK-based venture firm focused on data and software, has raised €92m ($110m) for its third fund with limited partners including University of Oxford’s Corpus Christi College as well as the EU-owned European Investment Fund, Finnish state-owned investment firm Tesi and its Fund of Fund Growth, pension insurer Elo Mutual Pension Insurance, as wellas unnamed institutions and family offices. OpenOcean is targeting a €130m close…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
