JAFCO Ventures raises $150M fund

JAFCO Ventures, a Palo Alto venture capital firm with ties to an established venture firm in Japan called JAFCO, said it has raised $150 million to invest in technology companies.

General partner Joe Horowitz said the firm invests in the communications, components, digital media, Internet, software and wireless sectors. While it invests in U.S. companies, it seeks to help those companies with business development in Japan and Asia. It is the four-year-old firm’s third fund. Its other partners areTom Mawhinney, Aaron Cheatham and Sunny Sugaya.

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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.

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