Jafco Ventures, which has made several investments in India, has raised $100 million from Japanese parent company Jafco Co. Ltd to capitalize its fourth fund, said a company statement.
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The Palo Alto-based firm has also hired Paul Sallaberry, most recently an executive with Veritas Software, as a venture partner. This addition to the team comes on the heels of Nick Sturiale and Jeb Miller joining Jafco early last year as General Partners.
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The venture fund, which has been an active investor in broad-based information technology companies, has also diversified its investing themes to energy and food/agriculture.
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Jafco’s investment portfolio, skewed towards the technology space, in India reads like this: communication equipment firm Tessolve Services Pvt Ltd; application software firm Si2 Microsystems Pvt. Ltd; internet firm Apnapaisa Pvt. Ltd; IT consulting firm Mistral Solutions Pvt. Ltd- IT consulting; industrial machinery company Microqual Techno Pvt. Ltd; Vignani Technologies Pvt. Ltd and Microland.
