How do you follow up on a fund that racked up mega-exits on startups like AdMob and Yammer and backed companies including Box.net, Twitter and Tumblr? With one that’s enormously larger, how ‘bout that?
DFJ Growth Fund II could reel in between $300 million and $400 million, multiple sources confirmed to peHUB, following up on a 2006 vehicle that closed early-stage investments in startups that would go on to become juggernauts in the social media and tech spaces.
The first fund, DFJ Growth 2006, will be followed up with a vehicle called DFJ Growth 2013, and is yet to launch into fundraising. Perhaps anticipating substantially greater LP interest, one source said, the firm began pre-marketing the fund several months ago privately. Another source tells peHUB that DFJ Growth has only spoken so far with existing LPs about the new fund.
DFJ Growth 2006 was a $49 million fund, according to Thomson Reuters research.
Other deals from the VC include investments in Tesla Motors, Yodle, TrialPay, Gilt Groupe, Silver Spring Networks and Betaworks, among others, according to its Website.
The VC’s site lists its only headquarters as Menlo Park, California. It has four managing directors–John Fisher, Mark Bailey, Randy Glein, and Barry Schuler–and two investment professionals, Kevin Bird and Sam Fort.
PeHUB has reached out to Draper Fisher Jurvetson for comment and will update this story if they respond.
Bernard Vaughan contributed to this report.
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