Funding Daily – April 10, 2014

Jafco Ventures has closed a fifth fund — its biggest yet. The tech-focused venture capital firm cobbled together $260 million for its latest investment fund, Jafco Technology Partners V, the it announced today. More than 20 new limited partners chipped in, including institutional investors, endowments, foundations, and families. Previously, Jafco had just one limited partner: the Japanese venture firm Jafco Co. Now Jafco will continue its core strategy of investing between $4 million to $8 million in mid-stage IT companies. Read more on VentureBeat.