Thursday, October 2, 2008

Claremont Creek Ventures Closes $175M Fund

Oakland-based Claremont Creek Ventures announced Thursday that it has closed Claremont Creek Ventures II, a $175M second fund, bringing the firm's total dollars under management to $300M. Limited Partners in the firm include Harvard Management Company, The Regents of the University of California, Verizon Pension Fund, and others. Claremont Creek said it invests in early stage information technology startups, in the area of health care, security, and mobility. The firm said it typically invests $500,000 to $3.5M in Series A rounds.