Trinity Ventures Raises $325M in the Firm's Eleventh Fund

The Silicon Valley firm, founded in 1986, has raised their eleventh fund to invest in enterprise and consumer technology companies

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Menlo Park, CA (PRWEB) October 10, 2012

Trinity Ventures, specializing in seed and early-stage consumer and enterprise technology companies, today announced the closing of their eleventh fund. Seeking a target of $300 million, consistent with previous funds, Trinity XI was oversubscribed and capped at $325 million in LP commitments. As with prior funds, returning LPs comprised the vast majority of commitments, but Trinity was able to accommodate a select number of new LPs. Target investment areas for Trinity XI include Cloud, Software as a Service Digital Media, and Social Commerce and Entertainment .

“Trinity Ventures has the highest general partner to fund size ratio in the industry. This tradition of manageable fund size enables deep engagement with our portfolio in sectors where we have domain expertise”, observed Fred Wang, general partner. “Our LPs recognize that our strategy is working in today’s competitive venture market, particularly in light of proprietary deal sourcing programs, such as our EIR and seed programs, Dolores Labs incubator and company formation initiatives.”

Trinity Ventures was established 26 years ago and is among the most reputable firms in Silicon Valley. Among their investments are 21Vianet, Aruba Networks, Blue Nile, Extreme Networks, Infoblox, Loopnet, Sciquest, Starbucks, and Wall Data, which have all gone public. Their more recent investments include BeachMint, Care.com, Kixeye, Maxpoint, New Relic, RadiumOne, ServiceMax, TubeMogul, and Zulily. General partners Ajay Chopra, Noel Fenton, Patricia Nakache, Larry Orr, Dan Scholnick, Gus Tai and Fred Wang, principals James Cham and Karan Mehandru, and CFO and administrative partner Kathy Murphy will manage this new fund.

For more information contact Rebecca Miller at 650-854-9500.

About Trinity Ventures:

Founded in 1986, Trinity Ventures is the leading seed and early stage venture capital firm dedicated to partnering with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity Ventures believes in personal engagement, mutual respect and goal alignment with the entrepreneurs. The firm has particular emphasis on Cloud, Digital Media, Social Commerce and Entertainment, and Software as a Service.

Trinity Ventures has invested in more than 250 companies, including such leading companies as 21Vianet (VNET), Aruba Networks (ARUN), Blue Nile (NILE), Crescendo Communications (Acquired by Cisco), Extreme Networks (EXTR), Forte Software (FRTE), Infoblox (BLOX), LoopNet (LOOP), Photobucket (Acquired by News Corporation), Sciquest (SQI), Speedera Networks (Acquired by Akamai Technologies


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