DFJ Posts

DFJ Growth raises $470 million for later-stage investments

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DFJ Growth is an investment division run by Draper Fisher Jurvetson and is focused on later-stage technology startups. DFJ Growth has raised $470 million for its latest fund. This was an oversubscribed round that was originally intended to be only $350 million. DFJ has made several investments already out of this fund for companies like DataStax, Formlabs, Foursquare, SimpliVity, and SpaceX. The focus points for this fund will be in areas that have not seen much attention in the last couple of years. This is DFJ Growth’s third fund since launching in 2006 and it raised $405 million about a year ago. DFJ also closed the $325 million DFJ Venture XI fund for early-stage investments in February 2014. DFJ Growth has raised a total of $1.165 billion for later-stage investments.

PubMatic raises $13 million

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PubMatic is an online programmatic advertising company that has raised $13 million in funding led by Nokia Growth Partners. John Gardner of Nokia Growth will be joining the board of directors at PubMatic as an observer. Existing investors August Capital, Draper Fisher Jurvetson, Helion Ventures and Nexus Venture Partners also joined this round.
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Draper Fisher Jurvetson has raised $325 million for eleventh early stage fund

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Draper Fisher Jurvetson (DFJ) has announced that they have raised $325 million for their eleventh early-stage fund called DFJ Venture XI. The DFJ Fund X was for $350 million and it closed in 2010.

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Opscode raises $32 million in funding, gets renamed to Chef

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Opscode has raised $32 million in Series D funding and has changed their name to Chef. Chef is also the name of the company’s flagship configuration management tool product. Chef has also named Microsoft alum Curt Anderson as their new chief financial officer. Chef will be using the funding to increase their sales, marketing, and engineering team from around 100 people now to 200.
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Tim Draper Scales Back Role At VC Firm

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Tim Draper is scaling back his role at Draper Fisher Jurvetson, the VC firm that he founded in 1985.  DFJ is known for investments in companies like Skype, Baidu, Tesla Motors, and Box.  Draper will not be an investment partner in the firm’s next fund.  However, he will be an investor in any new fund that the venture capital firm creates.

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Redfin Raises $50 Million In Funding

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Redfin is a Seattle-based online real estate brokerage service that has raised $50 million in a new round of mezzanine capital.  This investment was led by Tiger Global Management and T. Rowe Price. Five other existing investors including Greylock Partners and DFJ also participated in this round.
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High-Performance Database Company DataStax Raises $45 Million

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is a high-performance database platform company that has raised $45 million in Series D funding.  This round of funding was led by Scale Venture Partners.  Draper Fisher Jurvetson, Next World Capital and previous investors also participated in this round.  DataStax will be using the funding to expand globally and continue to invest in their NoSQL open source project called Apache Cassandra.  DataStax plans to go public depending on the direction of the markets.  DataStax is releasing version 3.1 of their enterprise-grade and community-edition software.

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Twilio Raises $70 Million In Series D

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Twilio is a company that has APIs enabling developers to add SMS, VoIP, and voice technology to applications.  Twilio has raised $70 million in Series D funding led by Redpoint Ventures and existing investor Bessemer Venture Partners.  Draper Fisher Jurvetson also participated in this round.  Scott Raney (Redpoint) is joining Twilio’s board of directors.

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