Frazier Tech Hears the Blues A-Callin’

Some big news from the Emerald City was posted just a few minutes ago.

TechFlash is reporting that Frazier Technology Ventures has agreed to dissolve. The firm will not make any new investments as it winds down its current portfolio. (Update: A Madrona rep writes in to say that FTV will continue to manage its existing investments, rather than “dissolve” the firm)

The Seattle-based early stage tech investor, affiliated with Frazier Healthcare Ventures, raised $104 million for its second fund in 2004 from LPs like the Wisconsin State Investment Board, and was reportedly trying to raise a successor fund vehicle earlier this year.

It is unclear how much of that $104 million has been invested. Our VentureXpert database shows that Frazier Tech has backed 15 companies since 2004, including two investments in undisclosed companies this year.

Cook also reports that Frazier general partner Len Jordan, a former senior vice president at RealNetworks, has agreed to join Madrona Venture Group in Seattle as a venture partner, presumably early next year.

RELATED: 5 Questions for Len Jordan