Draper Fisher Jurvetson’s ninth fund has hit its $600 million target, according to a regulatory filing. peHUB had reported last month that the close had been expected to occur at the end of Q1.
DFJ IX is 50% larger than its predecessor, and the firm’s largest raise since the $640 million. DFJ had nine of its portfolio companies acquired during 2006, according to Thomson Financial (publisher of PEHub.com).
This year it has already put one of its companies on the IPO path. Energy regulation company EnerNOC filed for a $100 million IPO in February. DFJ backed the company in each of its three investment rounds, helping it raise $27.5 million. EnerNOC closed its $15 million Series C at the end of December with a $215 million valuation, according to Thomson Financial.
An investor who had seen the DFJ prospectus told PEHub.com that the firm had a hard cap at $620 million, so the doors may still be open for additional investors.