DFJ Frontier raises $40M for second fund
DFJ Frontier, a venture capital firm based in Sacramento and Santa Barbara, Calif., has raised over $40 million for a planned $60 million second early-stage fund, according to VentureWire (sub required)
New investors Credit Suisse and Hamilton Lane joined previous investors from the $25 million first fund in backing the firm’s latest vehicle, the report said. The firm says it now intends to invest across the entire Pacific coast of the U.S. It has also hired Frank Foster, formerly a partner at Australian venture capital firm Allen & Buckeridge Pty, and Oleg Kaganovich, former chief executive of the Sacramento Area Regional Technology Alliance.
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