Palo Alto, California-based venture capital firm Jafco Ventures has reached a final close for its fifth fund, raising a total of US$260 million, according to a company announcement.
The fund, named Jafco Technology Partners V, is the firm’s largest fund to date. It attracted over twenty limited partners consisting of institutional investors, endowments, foundations and family offices.
Jafco received all the capital of its previous four funds from Tokyo-based venture capital firm Jafco, Co. Ltd.
The firm’s Asia affiliate, Jafco Asia manages US$3.5 billion and has offices in Beijing, Shanghai, Hong Kong.
Last month, Jafco Asia participated in $25 million series B round of financing to Shanghai-based e-commerce platform for pet owners, Boqii.com.
Earlier this month, JAFCO Asia made a partial exit from Beijing-based IT training services provider Tarena International as the company raised US$137.7 million through an IPO on the NASDAQ.