JAFCO Ventures raises $150M fund
JAFCO Ventures, a Palo Alto venture capital firm with ties to an established venture firm in Japan called JAFCO, said it has raised $150 million to invest in technology companies.
General partner Joe Horowitz said the firm invests in the communications, components, digital media, Internet, software and wireless sectors. While it invests in U.S. companies, it seeks to help those companies with business development in Japan and Asia. It is the four-year-old firm’s third fund. Its other partners areTom Mawhinney, Aaron Cheatham and Sunny Sugaya.
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