DAG Ventures has raised $325M, shows “syndication” strategy
DAG Ventures, the Silicon Valley venture firm which has joined the Web 2.0 investment fray backing companies like Podshow, Friendster and Grouper, has finished raising a new $325 million fund, according to VentureWire (sub required).
It has made a habit of joining with top tier venture firms Benchmark, Kleiner, Sequoia with a rigor we haven’t seen to date from other firms:
Palo Alto, Calif.-based DAG, which has joined later round investments in companies backed by heavyweights Kleiner Perkins Caufield & Byers, Sequoia Capital and Benchmark Capital on all 13 of its deals so far this year, also plans to add at least one new partner by the beginning of next year, the partner said.
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