Jafco Ventures Raises $260 Million for Its Fifth Fund, Adds New Limited Partners
On the Heels of Successful Exits in FireEye, Palo Alto Networks,
MoPub, 41st Parameter and Proofpoint, Jafco Ventures Raises its
Largest Fund to Date and Adds New Limited Partners
PALO ALTO, CA -- (Marketwired) -- 04/10/14 -- Jafco Ventures, a
leading technology venture capital firm, today announced it has
raised $260 million for its fifth and largest fund to date, Jafco
Technology Partners V. In contrast to its prior four funds where
Jafco received all of its capital from its limited partner in Japan,
Jafco, Co. Ltd., the new fund features an impressive list of over
twenty new limited partners consisting of institutional investors,
endowments, foundations and family offices.
"The consistency of our successful exits as a firm enabled us to
attract a very high quality mix of new LPs," said Joe Horowitz,
Jafco's Managing General Partner, "but our overall performance is due
in no small part to the extraordinary entrepreneurs we have had the
privilege to back and the opportunity to work alongside the greatest
venture firms in Silicon Valley." Since its launch ten years ago,
Jafco has realized over 20 positive exits, with 15 alone that have an
aggregate market value today of over $23 billion. Included in their
list of successful outcomes are Aster Data (acquired by Teradata),
ClairMail (acquired by Monitise), FireEye (IPO), 41st Parameter
(acquired by Experian), Infinera (IPO), MoPub (acquired by Twitter),
Palo Alto Networks (IPO), and Proofpoint (IPO).
A focused business model for venture investing
With this larger fund, rather than expanding into new geographies or
different stages of investing, Jafco Ventures continues to polish its
unique and highly focused business model as a mid-stage, broad-based
information technology investor, with a strong value-add proposition.
The partnership consists of a core team of proven, early-stage
venture capital investors, augmented by venture partners who are
best-in-class in scaling companies, and a world-class business
development team based in Tokyo.
"A $250 million fund size is ideal for our business model, so our
goal was to keep as close to that target as possible while still
accommodating great new investors," said Tom Mawhinney, a veteran
General Partner of the firm, "With this larger fund, we can put more
money to work in each investment while continuing to apply a true
team-based approach to assisting each portfolio company and to
evaluate new deals."
The fund is off to a great start with several exceptional new
investments. Three that were announced in the last few months include
Zephyr Health, a big data analytics platform for the life sciences
and healthcare industry; Origami Logic, a developer of marketing
intelligence solutions and Ionic Security, the industry's first
comprehensive distributed data security platform.
About Jafco Ventures
Based in Palo Alto, Jafco Ventures is a venture
capital partnership that invests in mid-stage companies with great
teams that demonstrate differentiated technology, compelling business
models and strong momentum in their respective markets. Jafco
Ventures has had the privilege to invest in market-leading companies
such as Aster Data, ClairMail, FireEye, 41st Parameter, Infinera,
MoPub, Palo Alto Networks, and Proofpoint. For more information about
Jafco Ventures visit www.jafco.com.
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