Lehman Brothers raises $365M venture fund
Lehman Brothers said Wednesday it has raised a $365 million venture capital fund to back mid- to late-stage technology companies.
In a statement sent to VentureBeat, the Boston and Menlo Park, Calif. firm said $75 million was committed by the investment bank itself, with the rest coming from outside sources.
Since launching in 1995, Lehman Brothers Venture Partners has invested in more than 80 portfolio companies, including recent IPO companies such as Isilon Systems (Nasdaq: ISLN), ShoreTel (Nasdaq: SHOR) and comScore
Networks (Nasdaq: SCOR).
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