PRINT THIS PAGE US Trinity Ventures IX closes on $300m16/08/2005. Source: AltAssets. 
 Menlo Park-based Trinity Ventures has closed Trinity Ventures IX on $300m. The fund will invest in the software, networking systems, and services sectors with a particular emphasis on IT security, business and consumer online services, digital media and mobile technology. It is expected to invest between $2m and $20m in approximately 30 companies.
The fund is comprised primarily of commitments from returning investors.
Larry Orr, managing general partner at Trinity Ventures, said, 'We were pleased with the strong interest in the fund and how quickly we received commitments from our investors.'
'We limited the fund to $300m to maintain both our strategy of investing selectively in early stage companies and our commitment to being accessible and responsive board members,' Orr continued.
Trinity Ventures invests in early-stage software, services, communications and networked systems companies. The closing of Trinity IX brings Trinity Ventures' cumulative capital under management to $1.2bn. The firm has invested in over 100 companies, including Extreme Networks, Network Alchemy, Crescendo Communications, Forte Software, Illustra, Blue Nile and Starbucks.
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