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DFJ Growth Raises $470M for Later-Stage Investments

Foursquare and Simplivity are among the companies who have already received some funding.

The focus of DFJ Growth, a division of the DFJ Investments practice, is on large-stage investments in technology start-ups. The practice has announced that it has closed its latest fund of $470 million, according to TechCrunch.

Fund co-founder and MD Barry Schuler told TechCrunch that the money will be going to software and hardware efforts like DataStax, Formlabs, Foursquare and Simplivity.

“We’re pretty involved investors and we don’t tend to follow the hot team du jour,” Schuler told TechCrunch. “It’s why you see us in Elon’s companies Tesla and SpaceX. It’s not areas that Sand Hill Road was that interested in… We are very picky but we are also looking for companies that can be very big.”

This is DFJ Growth’s third fund since it opened in 2006.

 

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