JAFCO Closes $150M Fund

Palo Alto-based JAFCO Ventures said this morning that it has closed a $150M fund, the firm's third, JAFCO Technology Partners (JTP) III. The new funding brings the company's total capital managed to $350M. The firm said that the fund will continue to be invested in early-stage technology companies within the communications, components, digital media, Internet, software and wireless sectors. JAFCO's primary limited partner is Japanese firm JAFCO, Ltd. Co.