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Jafco Ventures raises $260m for biggest ever fund thanks to new LP blood

10 Apr 2014

TTechnology-focused early stage investment firm Jafco Ventures has raised $260m for its largest fund to date after a string of successful exits.

Jafco Technology Partners V attracted more than 20 new LPs according to the firm, which said its previous vehicles had all received their capital from Jafco Co in Japan.

Firm managing general partner Joe Horowitz said, “The consistency of our successful exits as a firm enabled us to attract a very high quality mix of new LPs, but our overall performance is due in no small part to the extraordinary entrepreneurs we have had the privilege to back and the opportunity to work alongside the greatest venture firms in Silicon Valley.”

Jafco Ventures has realised more than 20 positive exits since it was founded a decade ago, with 15 of those holding an aggregate market value today of more than $23bn.

Recent exits include FireEye, Palo Alto Networks, MoPub, 41st Parameter and Proofpoint.

Veteran Jafco general partner Tom Mawhinney said, “A $250m fund size is ideal for our business model, so our goal was to keep as close to that target as possible while still accommodating great new investors.

“With this larger fund, we can put more money to work in each investment while continuing to apply a true team-based approach to assisting each portfolio company and to evaluate new deals.”

The fund has already been tapped for new investments including Zephyr Health, Origami Logic and Ionic Security.

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