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Venture capital firm DFJ Element has raised a record-sized fund for investing in green technology companies, the latest sign that this area is red-hot.
The fund, an affiliate of well-known Silicon Valley firm Draper Fisher Jurvetson, raised $284 million, almost double the target of $150 million it set last year — in part because of the keen interest by investors.
The firm has offices in Menlo Park and in Pennsylvania, and is run by two partners in Silicon Valley, and three in Pennsylvania, according to partner David Lincoln. The firm has earmarked a maximum of $40 million for investing abroad.
Things are moving so quickly that its DFJ’s own press release (see extended entry below) is outdated. The firm has now made five investments, not four. Additionally, the firm has extended four other investment offers to companies, so more annoucements coming soon, Lincoln said.
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