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Jafco Ventures raises $260M for fifth fund — its first with outside money

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Jafco Ventures has closed its fifth fund — its biggest yet.

The tech-focused venture capital firm cobbled together $260 million for its latest investment fund, Jafco Technology Partners V, the firm announced today.

More than 20 new limited partners chipped in, including institutional investors, endowments, foundations, and families. Previously, Jafco had only one limited partner: the Japanese venture firm Jafco Co.

Jafco had little trouble raising the new capital following some major portfolio company exits last year.

Jafco raked in 47 times its original investment in FireEye after the cybersecurity company went public in September, according to Jafco. The firm also brought in a nice chunk of change after Twitter acquired MoPub for $350 million earlier that month.

“The consistency of our successful exits as a firm enabled us to attract a very high quality mix of new [limited partners],” Joe Horowitz, Jafco’s managing general partner, said in a statement.

With the new fund, Jafco will continue its core strategy of investing between $4 million to $8 million in mid-stage information technology companies. It recently announced new investments in health care data and analytics company Zephyr Health, marketing intelligence startup Origami Logic, and distributed data security startup Ionic Security.

Jafco Ventures was founded in 2003 and is based in Palo Alto, Calif.

More information:

Jafco Co., Ltd., is based in Tokyo. Jafco Co., Ltd. is the largest and most prestigious venture capital firm in Japan. About every two years, Jafco Co., Ltd. provides us with $100 to $150 million of fresh capital for a new fund. We are... read more »

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