DFJ, the 31 year old california based venture firm has raised $350 million to invest in early stage ventures. The announcement which came today morning is 12th such fund-raise from the firm. DFJ puts in $10 to $15 million in early stage ventures. The firm has six investment partners, including Steve Jurvetson.
Jurvetson has some notable investments to his name, including Tesla motors, SpaceX and planet Labs. All of these companies attracted investment from DFJ in very early stage.
The 12th round, which has been announced just today comes over 2 years after the last round, worth $325 million. DFJ plans to invest more in ultimate ideas which are in the initial stages.