Venrock Nears Fund V Close

Venrock Associates today announced that it has added Silicon Valley consultant and author Rich Moran as a new partner, with a focus on digital media and software. But Venrock is not done with March press releases.

Expect the bi-coastal venture firm to soon announce the final closing of its fifth fund at or around $550 million — which is just about the same amount it raised for its fourth fund in 2004. A regulatory filing indicates that it had secured $520 million through Valentine’s Day.

So far in 2007, Venrock has made investments in CiperMax, Digital Railroal, Ciclon Semiconductor Device Corp., KIneto Wireless and Ikaria.