DFJ Growth raises fresh $470M fund

Draper Fisher Jurvetson’s investment arm for late stage VC deals DFJ Growth has raised a new $470 million fund. The fund will be targeting private technology companies for investment.

Together with DFJ Venture XI, the firm’s $325 million fund announced in February, the company has raised nearly $800 million in fresh capital to back entrepreneurs in innovation and technology advancement. 

DFJ Growth was formed in 2006 to focus on financing young technology companies. Globally, the fund has invested in game changing and disruptive technology companies including AdMob, Box, SolarCity, SpaceX, Tesla Motors, Tumblr, Twitter and Yammer. It invests in firms looking for at least $10 million.

“DFJ Growth fund is a natural progression of the later-stage investing practice we started almost a decade ago. Our fundamental investment strategy remains the 

same—to partner with extraordinary entrepreneurs who are changing the world in important ways through innovation, and who are scaling their businesses rapidly and ascending toward category leadership with disruptive, breakout potential,” states the DFJ Growth blog post. 

The senior investment team for the new DFJ Growth fund remains the same and will be led by the four co-founders of DFJ Growth—John Fisher, Mark Bailey, Randy Glein and Barry Schuler. The latest fund has already made five investments—DataStax, Formlabs, Foursquare, SimpliVity and SpaceX.  

DFJ earlier invested in Indian companies like Bangalore-based online photography company Canvera Digital Technologies.

(Edited by Joby Puthuparampil Johnson)

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