Recent fundraisings range from $300 million to $1.4 billion.

Former executives-turned-venture capitalists are doing rather well, thank you. Lee Fixel, previously of Tiger Global Management, has just wrapped up a $1.4 billion new venture fund, close on the heels of his first fund which closed less than four months ago. (FT) That fund was a monumental success too and nabbed $1.3 billion in June for Addition, Fixel’s VC vehicle.

In fact, the pandemic appears a distant speck in the rearview mirror. This year promises to break previous records for successful “mega-rounds” raised by startups.

According to Pitchbook, startups in the U.S. picked up 220 rounds of funding north of $100 million each in the third quarter of 2020.

Cleveland Avenue – from Don Thompson

Cleveland Avenue is a venture capital fund led by former Mcdonald’s (NYSE: MCD) CEO Don Thompson. The firm has just filed with the SEC to raise $500 million for its Cleveland Avenue Food & Beverage Fund II, LP.

Its predecessor fund did very well with investments such as in Beyond Meat (NASDAQ: BYND). The new fund will also invest in early-stage food and beverage startups.

True Ventures

According to a report last week in FINSMES, Palo Alto-based VC firm True Ventures closed two new funds aggregating $840 million.

True Core Fund VII, LP, its seventh early-stage venture fund, raised $465 million to provide providing seed and early-stage capital in consumer brands, SaaS and infrastructure software, and health and life sciences.

The True Select Fund IV, the firm’s fourth Select Fund, closed at $375 million. It will provide existing portfolio companies with high growth potential and large-scale opportunity.

Menlo Ventures

Last week, Menlo Ventures, the reputed, 44-year old VC firm, closed its fifteenth early-stage fund with $500 million in capital commitments, according to TechCrunch.

Menlo will invest in Series A (check size $8 million to $15 million ) and Series B (check size $12 million to $14 million) in consumer, enterprise, frontier tech, and healthcare startups.

China Creation Ventures

Beijing-based China Creation Ventures closed last week its second USD denominated fund, at its hard cap over $300 million according to FINSMES.

Institutional investors from North America, Europe, and pan-Asian regions participated in the new venture fund.

The fund will continue to focus on early to expansion stage investments in China. It will focus on cutting-edge technologies, AI, digital healthcare, new enterprise digitization, and new generations.

Related Story:   GGV Capital Raising $2B Warchest For Three New Funds