Jafco raises $100m for Fund IV

Palo Alto-headquartered venture capital firm Jafco Ventures has raised $100 million from Jafco Co. for JTP IV, its fourth fund. Jafco Co. is the fund’s only limited partner.

Jafco Ventures is focused on investments in broad-based information technology companies and selectively in industries ripe for change such as energy and good or agriculture, the firm said in a statement. 

The firm has also hired Paul Sallaberry as a venture partner. Sallaberry has held senior operating roles in technology companies for close to 30 years, the firm said in a statement. He was most recently at Veritas Software. Prior to Veritas, he held a series of positions at Oracle. Sallaberry currently sits on the boards of six technology companies.

“His skills and experience are a great fit to our investment strategy, rounding out a team that took us seven years to carefully select and build,” Joe Horowitz, managing general partner at Jafco Ventures, said in a statement.

Based in Tokyo, Jafco Co. is a publicly traded venture capital and private equity firm. The firm, established in 1973, has directly managed or been affiliated with 45 investment funds globally. It has brought more than 860 of its investments to exits through initial public offerings. The firm has offices in Japan, China, South Korea, Singapore, Taiwan and North America.