PRINT THIS PAGE US Kodiak Venture Partners closes $316m fund21/01/2004. Source: AltAssets. 
 US Kodiak Venture Partners has announced the final close of its third fund at $316m. Kodiak will continue to focus on investments in communications, semiconductors and software companies in the US and Canada.
‘We are committed to creating true partnerships between the experienced Kodiak investment team and top notch entrepreneurs,’ said Dave Furneaux, Kodiak co-founder and managing general partner. ‘Our new fund will enhance our capacity to invest in world class communications, semiconductor and software teams with innovative ideas with the singular goal of building industry leaders.’
With the closing of KVP III, Kodiak Venture Partners will have a total of $676m of capital under management. Kodiak’s prior fund, Kodiak Venture Partners II closed at $290m in 2001.
‘We are very grateful for our limited partners’ overwhelming interest and support of our third fund,’ said Lou Volpe, managing general partner. ‘Kodiak has the opportunity to close on significantly more funding but capped the fund at $316m to stay true to our business model. This ensures that we can be lead investors in early rounds of financing while maintaining the low partner to portfolio company ratio that enables us to work closely with entrepreneurs.’
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