<article><a style="color: #000080" href="http://www.dealstreetasia.com/tag/dfj/" target="_blank">DFJ (Draper Fisher Jurvetson)</a> has raised a $350 million fund, DFJ&#8217;s twelfth for early-stage investing.</article>

<a style="color: #000080" href="http://www.dealstreetasia.com/tag/dfj/" target="_blank">DFJ (Draper Fisher Jurvetson)</a> has raised a $350 million fund, DFJ&#8217;s twelfth for early-stage investing.
According to DFJ, the fund sees returning limited partners (LPs) and new institutional investors participating in this round.
The company stated in a <a style="color: #000080" href="https://medium.com/@DFJvc/backing-the-future-with-dfj-venture-xii-1e6ac1f30154#.ngesi6nsz" target="_blank">blog post</a>: &#8220;We were thrilled to have the support of our longtime limited partners, as well as the addition of a select number of new institutions that share our passion for backing extraordinary entrepreneurs who are changing the world. We were oversubscribed with interest, allowing us to get to a single close in record time.&#8221;
DFJ claimed that their latest fund, DFJ Venture XII, was oversubscribed and has been their fastest fund to close to date. DFJ, which has now raised $5 billion of venture capital, is exploring opportunities in autonomous transportation, digital health, enterprise transformation, artificial intelligence, and the application of <a style="color: #000080" href="http://www.dealstreetasia.com/tag/machine-learning/" target="_blank">machine learning</a> to various industries.
Machine learning evolved from research into pattern recognition and computational learning theory in <a style="color: #000080" href="http://www.dealstreetasia.com/tag/artificial-intelligence/" target="_blank">artificial intelligence</a> and is defined as algorithms that operate by modelling inputs, allowing computers to make data-driven decision. In essence, it grants computers the ability to learn without explicit programming. When combined with automation, the possibilities arising from such applications are immense.
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The interest in digital healthcare also dovetails with its <a style="color: #000080" href="http://In%20terms of exits, DFJ claims to have backed more than 20 ventures achieved more than $1 billion in realised value through an initial public offering (IPO) or acquisition. Crunchbase data supports this claim, with 101 acquisitions and 20 IPOs in their investment portfolio." target="_blank">predicted growth in the coming years</a>, corresponding with the rise in the use of smartphones, fitness wearables and the Internet of Things (IoT), with digitisation impacting the operating systems of healthcare institutions globally.
DFJ continues to maintain a small investment team consisting of six partners in their venture fund and five investors in their growth fund, with DFJ stating this management decision is &#8220;&#8230;driven by our deep conviction that small and cognitively diverse teams are the most effective at making complex decisions, particularly when dealing with incomplete and uncertain information.&#8221;
Despite current public market turbulence, DFJ is actively exploring opportunities and is unlikely to deviate from its investment theme and thesis of backing early-stage and seed-stage ventures, which has historically worked for the firm. In terms of exits, DFJ claims to have backed more than 20 ventures achieved more than $1 billion in realised value through an initial public offering (IPO) or acquisition. <a style="color: #000080" href="https://www.crunchbase.com/organization/draper-fisher-jurvetson/exits" target="_blank">Crunchbase data</a> supports this claim, with 101 acquisitions and 20 IPOs in their investment portfolio.
In a separate development, it has also partnered with <a style="color: #000080" href="http://www.dealstreetasia.com/tag/stanford-university/" target="_blank">Stanford University</a> to launch the <a style="color: #000080" href="http://stvp.stanford.edu/dfj/" target="_blank">DFJ Entrepreneurial Leaders Fellowship</a>, which is aimed at training and indoctrinating graduate engineering students how to build and lead entrepreneurial technology ventures.
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VC firm DFJ raises $350m early-stage fund DFJ Venture XII

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VC firm DFJ raises $350m early-stage fund DFJ Venture XII

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