Jafco Ventures has closed its fifth fund — its biggest yet.
The tech-focused venture capital firm cobbled together $260 million for its latest investment fund, Jafco Technology Partners V, the firm announced today.
More than 20 new limited partners chipped in, including institutional investors, endowments, foundations, and families. Previously, Jafco had only one limited partner: the Japanese venture firm Jafco Co.
Jafco had little trouble raising the new capital following some major portfolio company exits last year.
Jafco raked in 47 times its original investment in FireEye after the cybersecurity company went public in September, according to Jafco. The firm also brought in a nice chunk of change after Twitter acquired MoPub for $350 million earlier that month.
“The consistency of our successful exits as a firm enabled us to attract a very high quality mix of new [limited partners],” Joe Horowitz, Jafco’s managing general partner, said in a statement.