Monday, October 16, 2006

Granite Global Closes $400M Venture Fund

Menlo Park-absed Granite Global Ventures has closed a $400M venture fund, Granite Global Ventures III. The firm said that the fund was oversubscribed, and that the firm now managed $800M. Granite said that the new fund will be invested in technology based companies in the U.S. and China, including software, new media, computing, networking, and services, as well as emerging industry sectors in Asia. More information »