That’s just $1.7 million more than what it had raised in February, according to the filing, suggesting the firm may have changed gears to focus on investing rather than fund-raising.
DFJ Frontier has backed six companies so far this year, according to data from
The firm has offices in Santa Barbara, Calif., and Sacramento, Calif. The target of DFJ Frontier Fund II is nearly three times larger than the $22 million fund that the firm raised in 2002.
Frontier’s major limited partner is the
DFJ Frontier is working with the
Fund-raising efforts have no doubt been helped by two acquisitions from its portfolio last year. The firm sold VoIP quality of service software maker
The firm will likely receive help from DFJ, which has renewed its commitment to its affiliate network and has changed the way its members share carry to ensure they will work together.
David Cremin, Frank Foster and Scott Lenet are listed as DFJ Frontier managing partners on a recent regulatory filing. The firm’s website also lists Jim Schraith and former Red Herring Magazine Publisher Tony Perkins as venture partners.
The firm has also closed on a $1.45 million sidecar fund raised from 17 investors.