DFJ Growth announced the successful closure of its fifth flagship fund, raising $1.2 billion, the largest amount to date for the firm. The fundraising comes as the San Mateo, California-based venture firm continues to invest in key areas including AI applications, robotics, aerospace, and biotech. Despite the seven-year gap since its previous fund, DFJ has remained active, directing funds into investments such as a $93 million Series B for an application security platform and a $65 million Series C for a drone threat detector. Initially targeting $800 million for this latest fund, DFJ increased its goal due to higher-than-expected demand from investors. Over nearly 20 years, the firm has made approximately 143 known investments, highlighting a consistent investment strategy in a landscape where private companies seek significant growth-stage funding amid slow IPO activity. DFJ’s diverse portfolio includes notable successes and some underperformers, reflecting the nature of venture capital investing.

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