Launchbay Capital announced the first close of funding for its $100 million venture capital secondary growth fund. : Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Launchbay Capital announced the first close of funding for its $100 million venture capital secondary growth fund. This means that London-based Launchbay Capital has more than $300 million under management. It’s a bit of good news despite the gloom around the downward trend for venture investing.