DFJ Gotham Continues Fundraising

DFJ Gotham has raised $35 million toward a $125 million second fund, according to a regulatory filing. That’s more than twice what the firm raised during its previous close in September 2007.

So far, the New York-based Draper Fisher Jurvetson affiliate has raised the money from 36 investors, including CS Strategic Partners IV VC Holdings and Lehman Brothers Custom Fund A. The proposed target is slightly more than the $107 million DFJ Gotham raised for its debut fund in 2000.

The firm plans to set aside $27 million from its proposed second fund for salaries and fees, according to the filing. That implies a 2.16% management fee if the fund has a standard 10-year lifespan.

DFJ Gotham has had several exits since its inception:

  • It sold information service Ingenio, which had raised $113.3 million from VCs, to AT&T in November 2007 for an undisclosed amount.
  • It sold in-game advertising company Massive, which had raised $17.6 million from VCs, to Microsoft in April 2006 for an undisclosed amount.
  • It sold NanoOpto Corp., which had raised $53 million from VCs, to API Nanotronics in July 2007 for an undisclosed amount.
  • It sold software company Pantero, which had raised $10.8 million from VCs, to Progress Software in June 2006 for $6 million.
  • It sold software company Q-Link Technologies, which had raised $6 million from VCs, to Adobe Systems in May 2004 for an undisclosed amount.
  • It sold website software maker Quantiva, which had raised $7 million from VCs, to Netscout in February 2005 for $9 million.
  • It sold database software maker XOSoft, which had raised $25 million from VCs, to Computer Associates in July 2006 for an undisclosed amount.

DFJ Gotham declined to comment on its fundraising.