Riding on the success of a couple of high-profile exits in the last few months, Jafco Ventures has raised an oversubscribed fifth fund at $260 million, its largest fund yet.
To go along with the new fund, the 10-year-old firm is undergoing some changes. For the first time it has added new limited partners, expanding beyond what until now has been a single LP—the Japanese venture firm Jafco Co. Ltd.—to include more than 20 institutional investors, endowments, foundations and family offices.
Image: From left) Jafco’s Jeb Miller, Tom Mawhinney and Joe Horowitz Jafco Ventures
