DFJ Frontier raises $40M for second fund

June 18, 2007 | Matt Marshall

DFJ Frontier, a venture capital firm based in Sacramento and Santa Barbara, Calif., has raised over $40 million for a planned $60 million second early-stage fund, according to VentureWire (sub required)

New investors Credit Suisse and Hamilton Lane joined previous investors from the $25 million first fund in backing the firm’s latest vehicle, the report said. The firm says it now intends to invest across the entire Pacific coast of the U.S. It has also hired Frank Foster, formerly a partner at Australian venture capital firm Allen & Buckeridge Pty, and Oleg Kaganovich, former chief executive of the Sacramento Area Regional Technology Alliance.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.