Venture investor DFJ growth announced Tuesday collected $ 1.2 billion for the fifth flagship fund, which is the largest so far.
Collecting funds appears in a busy financing period in areas where the company based in California identified as current basic topics. These include AI applications and infrastructure, robotics and automation, airport and defense in addition to biotechnological.
Although several years have passed since the closing of the previous fund, DFJ is still invested actively. Recently, he has been investing this yr in $ 93 million Beries B on the application safety platform Endor Labsand $ 65 million of the C series for a drone hazard detek Hidden level.
It was a long series of everlasting investment for the company, which began in 2005 with mantra focused on height. Theoretical partners at the time, because because the corporations supported by the project wait longer for IPO, they might require more capital to stay private and proceed scaling.
It seems that this thesis turned out to be more real. Along with the aging pipeline of heavily financed startups supported by projects and the still clever IPO market, private corporations are still actively closing large rounds of growth.
And DFJ is busy for years. Within almost 20 years, the company has made at least 143 known investments for the Crunchbase data. His portfolio contained a variety of well -known names similar to TeslaIN SpacexIN CoinsIN Unity AND Transducer.
Like the majority of VC, it was also invested in their participation in worse results, including the virtual platform of events Hopin and a non -existent construction of supply chain start Cherry. However, investing the undertaking is generally about great winnings and evidently DFJ has many of them to balance the lost plants.
In 2007, the company raised $ 290 million for its own First fundData on Crunchbase. In 2021 he raised the fourth fund, a vehicle value $ 1 billion.
In the case of the latest fund, DFJ claims that he initially aimed at $ 800 million, but increased as a consequence of the demand of investors with greater than expected.