The Daily Startup: DFJ Bags $ 350 Million Funding
Notwithstanding a poor stock market for tech stocks and broad concern about the prospects for startups, Silicon Valley venture firm Draper Fisher Jurvetson has lifted its 12th fund at $ 350 million , $ 25 million higher than its previous funds. The companies investment committee and its thinking for the new funds remained the same, according to DFJ Partner Josh Stein. Also, DFJ raised the hard cap on the fund to $ 350 million to indulge some new investors, whereas some new investors turned away.
Paladin Capital Group, a Washington based private equity firm where former National Security Agency Director Kenneth A Minihanis, a managing director, infused $ 14 million in Digital Shadows Ltd , a cyber security startup set up in London and San Francisco. SwervePay LLC has lifted to $ 10 million to authorize patients to pay medical bills with a text message along with the health care practices so as to give more time to patients care rather than collecting payments.
Matrix Partners has displayed continuos confidence in the investment opportunities in china, by raising $ 500 million for its fourth China fund, as per the regulatory filling. Zenefits CEO Parker Conrad Resigns Over Compliance Issues, Parker Conrad has left as a chief executive of health insurance brokerage Zenefits after the highflying startup came under fire for going against the insurance laws and wage rules.