Javelin Venture Partners raises $125m for third fund


san francisco tram_sqTechnology-focused venture capital firm Javelin Venture Partners has closed its third fund on $125m, exceeding the size of its $105m second vehicle raised in 2011.

The fund will target technology startups in the digital media, software-as-a-service, marketplaces, advertising platforms, big data and mobile sectors.

It will invest in around 20 companies with initial commitments ranging from $500,000 to $4m, typically in their seed and Series A rounds.

Javelin, which is based in San Francisco, currently has $325m under management.

Javelin managing director Noah Doyle said, “It’s a major understatement to say that the pace of innovation from entrepreneurs around the world is rapidly increasing.

“In our prior funds, we invested in innovative companies from a variety of segments and geographies, ranging from a next generation mobile development platform in San Francisco, a software defined storage company in Silicon Valley, and a ground-breaking magnet technology in Alabama, to a new communications platform targeting East Africa and other developing markets.

“Javelin will continue to back teams that are passionate, resourceful, attacking very large markets, and building capital efficient high-growth companies.”

Earlier this year Javelin invested in API management business 3scale, which is also backed by Inveready and Costanoa Venture Capital.

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