Javelin launches third $125 mln fund

Javelin Venture Partners said Wednesday that it has raised $125 million for its new third fund. The pool will focus on tech startups. Also, Javelin has promoted Alex Gurevich from principal to partner. Based in San Francisco, Javelin is an early-stage venture capital firm specializing in tech startups.


San Francisco, Calif. – October 16, 2013 – Javelin Venture Partners announced today the launch of Javelin Venture Partners III, a $125 million fund dedicated to investing in technology start-ups. The fund will concentrate its investments in the areas of digital media, software/SaaS, marketplaces, advertising platforms, big data/machine learning, and mobile. Continuing its focus on early stage, high growth, capital efficient technology companies, the fund will invest in approximately 20 companies, with initial investments ranging from $500K to $4M, typically in their Seed and Series A rounds.
“It’s a major understatement to say that the pace of innovation from entrepreneurs around the world is rapidly increasing,” said Noah Doyle, Managing Director. “In our prior funds, we invested in innovative companies from a variety of segments and geographies, ranging from a next generation mobile development platform in San Francisco, a software defined storage company in Silicon Valley, and a ground-breaking magnet technology in Alabama, to a new communications platform targeting East Africa and other developing markets. Javelin will continue to back teams that are passionate, resourceful, attacking very large markets, and building capital efficient high-growth companies.”
“We’re proud that in our first two funds, Javelin has become recognized for being entrepreneur friendly, quick, flexible and helpful,” added Jed Katz, Managing Director. “Javelin was formed from entrepreneurial DNA, and this has helped us spot promising start-ups, build strong relationships with the founders, and guide the teams through the many challenges of creating a fast growing, successful company.”
Javelin also announced today that Alex Gurevich has been promoted from Principal to Partner. “Alex has been a huge asset to Javelin, and has proven himself to be a very talented investor,” said Katz. “He has brought in some very impressive companies, provided important insight in our analysis of potential investments, and has consistently added value to our portfolio companies,” added Doyle. “We’re very proud to welcome him to the partnership.”
About Javelin Venture Partners: With $325 million under management, Javelin Venture Partners is an early stage venture capital firm specializing in technology based start-ups that leverage key innovations to create scalable, high-growth companies. Javelin Venture Partners’ investment professionals are proven new-technology entrepreneurs who focus on identifying exceptional businesses and management teams, and helping them achieve great success. The firm operates with the culture of a start-up and with an emphasis on being a true partner to entrepreneurs. Javelin Ventures Partners is located in San Francisco, CA, but invests in start-ups throughout the world. For a list of active portfolio companies, visit Javelin’s website: http://www.javelinvp.com.