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Top Tier raises $310M Europe fund
San Francisco-based Top Tier Capital Partners announced it has raised $310 million for a dedicated European investment fund.
The fund will focus primarily on European funds with some investments in Israel. The Luxembourg-based investment fund seeks to invest broadly across the region, including in niche venture funds and expansion-stage technology startups.
Founded in 2002, Top Tier has nearly $6 billion in capital commitments since inception.
— Joanna Glasner
NerdWallet aims to go public
Consumer financial advice website NerdWallet was reported to have confidentially submitted initial public offering paperwork to U.S. regulators, Reuters reported.
The San Francisco-based company was founded in 2009 by Tim Chen and Jake Gibson. It last raised funding in 2015 in the amount of $69 million in Series A funding, and to date has brought in $105 million in known venture capital funding, according to Crunchbase data.
Sources told Reuters that the company expected to go public before the end of the year and was seeking a valuation of up to $5 billion.
— Christine Hall
Funding rounds
Alba Orbital raises $3.4M for earth imaging: Glasgow-based Alba Orbital, a developer of tiny imaging satellites, raised $3.4 million in a seed round led by Metaplanet Holdings with participation from several other funds and individual investors, including Fitbit founder James Park.
— Joanna Glasner
Gelmetix inks £5M: U.K.-based Gelmetix, which is developing a polymer treatment for chronic lower-back pain, closed a £5 million ($7 million) Series C equity financing round led by Seneca Partners. The company will use the capital to support its first in-human trial and study.
— Christine Hall
New fund
Framework Ventures closes $100M fund: Decentralized finance venture capital fund Framework Ventures, a $100 million closeout of its second fundraising round, “Fund 2.” The funds will support a number of DeFi projects, as well as exploring NFTs and gaming.
— Christine Hall
Illustration: Dom Guzman
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