DFJ Element Closes $284 Million Venture Fund
June 29, 2006
DFJ Element, a venture fund formed by Draper Fisher Jurvetson and Element Venture Partners, has closed with a well-oversubscribed $284 million (the initial target was $150 million). The fund will invest in clean technology companies. DFJ Element has already invested in 4 companies: CoalTek, Inc, Fat Spaniel Technologies, Miartech, Inc. and EcoSMART Technologies. Limited partners in the new fund include CalPERS, Swiss Re, Coca Cola, ITT, Robeco, LA City Employees Retirement System, WP Global and British Airways, among others.
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