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Early stage venture capital firm Point Judith Capital raises $73m fund28/02/2007. Source: AltAssets. 
 Early stage venture capital firm Point Judith Capital has closed its second venture capital fund on $73m. The lead investor in the fund is Tudor Investment Corporation.
With the new fund, Point Judith Capital will continue to focus on the communications, internet, healthcare and technology sectors. Point Judith Venture Fund II will typically invest between $500,000 and $3m in a first round and up to a total of $6m in each of its portfolio companies.
To date the firm has made three investments from its new fund, including an investment in a round with Tudor for medical device maker Novare Surgical.
Point Judith Capital has also announced that it has established a strategic partnership with Tudor, whereby the firms share deal flow, and investment professionals share information regarding investment opportunities.
Gina Raimondo, a general partner of Point Judith Capital, said, 'We have known a number of professionals at Tudor for several years and we believe that there are numerous synergies between the firms that will allow us to create substantial value for our portfolio company investments going forward.'
Point Judith Venture Fund I debuted in 2001 and has invested in companies including Taqua, a provider of communications switching products, sold to Tekelec for nearly $100m; and GetWellNetwork, a provider of interactive patient healthcare solutions.
In conjunction with the closing of the new fund, Sean Marsh has joined the Point Judith Capital team as a full-time general partner. For the past five years, Marsh has been a general partner in Point Judith Capital through his role as a general partner in Village Ventures, an early partner of Point Judith Capital. The two firms plan to continue their affiliation.
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