Printer Friendly

Focus Ventures Closes $250 Million Fund; Oversubscribed Focus Ventures III will Build on Prior Funds' Successes by Financing Successful Expansion-Stage Companies.

PALO ALTO, Calif. -- Focus Ventures has closed its third fund, Focus Ventures III, an oversubscribed, $250-million venture capital fund that brings the firm's capital under management to $825 million. Founded in 1997, Focus Ventures invests in and guides successful expansion-stage companies in the software, semiconductor and communications industries, often providing them with critical business-development support from the firm's network of contacts throughout Asia and the United States.

"With the success of our prior funds -- Focus Ventures I, which was a top-quartile vintage 1997 fund, and Focus Ventures II, which closed in late 1999 and is on track for a similar result -- Focus Ventures III was oversubscribed and appealed to a wide range of investors," said Steve Bird, general partner of Focus Ventures. "Savvy investors appreciate our model. By investing in top-tier, expansion-stage companies funded by premier, early stage VC funds, we have kept our loss rate low and produced strong returns for our limited partners."

Bird reported that the 25 private, expansion-stage companies in Focus Ventures II are growing at an average rate of 70 percent annually. Among those portfolio companies are ClearCube, Crossbeam, Entropic Communications, EqualLogic, inCode Telecom, QuinStreet and Starent Networks. A number of Focus Ventures' companies have completed successful acquisitions in the last year. They include FrontBridge (acquired by Microsoft), G-Log (acquired by Oracle), NetScaler (acquired by Citrix), OuterBay (acquired by HP) and Wily (acquired by Computer Associates).

In addition to providing expansion-stage financing, Focus Ventures has helped a number of its portfolio companies establish lucrative agreements with companies in China, Japan, Korea and other Asian countries.

Said James Boettcher, general partner of Focus Ventures, "We have a strong record of helping companies from the West secure Asia-based business alliances that can make them more efficient and ultimately more profitable. Its been a 'win-win' strategy. Companies in China and elsewhere in Asia need outside partnerships to help get their products into foreign markets, and to obtain certain skill sets that may be more prevalent in the West."

Focus Ventures III is managed by general partners Steven Bird, George Bischof, James Boettcher and Kevin McQuillan, the same investment team that has guided the firm's previous fund.

About Focus Ventures

Focus Ventures is a top-performing venture capital firm that invests in expansion-stage leaders in the software, semiconductor and communications industries. The firm currently manages $825 million, having closed its first fund in October 1997, Focus Ventures II in December 1999 and Focus Ventures III in April 2006. Focus Ventures offers its portfolio companies access to high quality partners in Asia and an extensive network of resources focused specifically on driving top-line revenue growth through customer introductions and by establishing distribution channels, joint ventures and licensing arrangements. Since the firm's inception, Focus Ventures has invested in 89 companies, and has had 20 IPOs and 15 acquisitions by public companies. A select number of portfolio companies that have gone public include: Active Software, Agile Software, Alteon WebSystems, BroadBase Software, Chordiant Software, Commerce One, Copper Mountain Networks, Corio, CoSine Communications, Interwoven, Loudcloud, Niku, Pixelworks, and Verisity. For more information on Focus Ventures visit www.focusventures.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 
Article Details
Printer friendly Cite/link Email Feedback
Comment:Focus Ventures Closes $250 Million Fund; Oversubscribed Focus Ventures III will Build on Prior Funds' Successes by Financing Successful Expansion-Stage Companies.
Publication:Business Wire
Article Type:Company overview
Geographic Code:1USA
Date:Apr 19, 2006
Words:514
Previous Article:Terion and DriverTech Share Technologies to Link Trucks and Trailers.
Next Article:Bausch & Lomb Names Dwain Hahs President of Asia Region.
Topics:


Related Articles
Ascend Venture Group to fund tech firms.
Nitronex Closes $6 Million Financing; Company Names New CEO.
State of the Venture Capital Industry; Analysis of Data Shows That Who You Know is Top Driver of VC Returns.
Mission Ventures Announces $210 Million Venture Capital Fund.
Montagu Newhall Associates Raises $250M Venture Capital Fund of Funds.
Code Green Networks Receives $15 Million in Oversubscribed Series C Funding; Company Has Raised $32 Million to Date.
Southern Capitol Ventures Closes New Fund to Invest in Outstanding Entrepreneurs Across the Southeast and Mid-Atlantic.
Teradici Corporation Secures $18 Million in Funding.
Commonwealth Capital Ventures Closes Fund IV at $250 Million.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters