J-Ventures Closes $36 Million Third Fund, Lifting Assets to $110 Million
Updated
Updated · CTech · Jul 12
J-Ventures Closes $36 Million Third Fund, Lifting Assets to $110 Million
1 articles · Updated · CTech · Jul 12
Summary
$36 million from J-Ventures' third fund beat the firm's original target by 44%, pushing total assets under management to about $110 million.
The Silicon Valley firm said its roughly 600-member investor and executive network helped drive the raise, while a $500,000 cap per individual commitment led it to turn away more than $15 million in additional demand.
Five startups — CopilotKit, Strawberry.me, Gacey, Tego and Zenskar — have already received money from the new fund as J-Ventures continues backing Israeli and US companies.
Nearly 50 portfolio companies have raised more than $2.5 billion in follow-on funding, and J-Ventures says it has completed 10 exits over the past several years.