CMEA Ventures has closed its seventh fund with $400 million in capital commitments. The San Francisco-based firm's third fund had closed on $300 million in 2003.
CMEA Ventures today announced it has closed CMEA Ventures VII, L.P. (“CMEA VII”), a $400 million venture fund, and the firm's largest to date, bringing CMEA's total funds under management to over $1 billion. CMEA VII will continue the firm's focus on energy & materials, information technology, and life sciences, with a bias towards deep-technology and multidisciplinary investments — CMEA's specialty.
“The great challenge in venture capital today is finding truly disruptive opportunities,” said Jim Watson, managing director of CMEA. “We strongly believe that among the best and most interesting investments are those with a great team and very complex technology across various disciplines and markets; this is our key focus for CMEA VII.”
The managing directors of CMEA VII are all returning team members. In addition to Watson, who invests in technology