An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
July 24, 2012 06:03 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zfCbbxxX_nI/
Tenaya Capital Closes Oversubscribed $372M Fund, Seeks A New Kayak
Tenaya Capital, the venture fund spun out of Lehman Brothers in 2009 with a history of backing companies like Kayak, Palo Alto Networks and Zappos, has just closed its latest fund totalling $372 million -- in its words, oversubscribed against an initial target of $300 million. Tenaya Capital VI is the company's first fundraise independent of Lehman's, with the two previous funds raised by the VCs for $300 million and $365 million.Tenaya says the fund will be used to make investments in tech companies across a broad range of areas -- from enterprise to consumer internet, as well as electronics and more -- in their initial stages of revenue growth. The average size of initial investments will be between $5 million and $10 million. With the company potentially also making earlier or later stage investment in portfolio companies, the total amount invested in the lifetime of a company will be around $10 million to $15 million, it says.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zfCbbxxX_nI/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch