Focus Ventures closes $250m fund

Steve Bird, general partner of Focus Ventures, said, ‘With the success of our prior funds—Focus Ventures I, which was a top-quartile vintage 1997 fund, and Focus Ventures II, which closed in late 1999 and is on track for a similar result—Focus Ventures III was oversubscribed and appealed to a wide range of investors, by investing in top-tier, expansion-stage companies funded by premier, early stage VC funds, we have kept our loss rate low and produced strong returns for our limited partners.’

Bird reported that a number of Focus Ventures’ companies have completed successful acquisitions in the last year. They include Frontbridge, acquired by Microsoft, G-Log, acquired by Oracle, NetScaler, acquired by Citrix, OuterBay, acquired by HP, and Wily, acquired by Computer Associates.

Focus Ventures III is managed by general partners Steven Bird, George Bischof, James Boettcher and Kevin McQuillan.

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