The firm was co-founded by Managing Directors Ashish Gupta, Kanwaljit Singh and Sanjeev Aggarwal and Director Rahul Chandra. Gupta was most recently a venture partner at the Woodside Fund in Redwood City, Calif. Woodside helps Helion source deals and acts as an advisor to the firm.
DFJ VinaCapital raises nearly $4M
The LLC is distinct from the fund shared between DFJ and Ho Chi Minh City-based VinaCapital. That fund raised $25 million as of March 2007.
The fund will focus on early stage technology fund that promises to invest in startups and equitized state-owned-enterprises in Vietnam, according to a regulatory filing. The target for the fund is $50 million.
Jennifer Fonstad, who manages the relationship for DFJ, is listed as a fund director with Horst Geicke, Don Di Lam and Louis Nguyen. VinaCapital’s website also lists Jonathan Koon-shum Choi as the fund’s chairman.
The partnership has a 2.5% management fee and a 20% carry and plans to recruit technology experts as limited partners, according to VinaCapital’s website.
Incubation forms seed fund
The fund, Azcatl Seed Capital Fund, seeks to raise up to $20 million.
Incubate is led by CEO Peter Leahy, a video game industry veteran and former publisher of Gamasutra.com.
FTVentures locks down about $465M
The firm, previously known as Financial Technology Ventures, began raising the fund in early 2006.
FTVentures invests in software and other tech companies that support financial services. It raised about $423 million for its second fund in 2001 and $200 million for its first fund in 1999. Its most recent filing, Richard Garman, Bradford Bernstein, Benjamin Cukier, James Hale, David Haynes, Robert Huret, Derek Lemke-von Ammon and Mark Lotke are listed as general partners
London-based TLcom holds first close
Limited partners include Access Capital Partners, European Investment Fund, IDeA Alternative Investments and Finlombarda Gestioni SGR.