MDV Raises Annex Capital for Three Funds

A few months back, we reported that Mohr Davidow Ventures was looking to raise some “annex” capital for its seventh fund. We also noted the irony of bulking up this particular fund, since it had originally closed in 2002 with $850 million, before slimming down to $450 million via a pair of fund size reductions.

Today, we noticed a regulatory filing indicating that MDV seems to have closed the annex (or at least part of it), with $27 million in new capital. So the total is now up to around 57% of what MDV raised in the first place for Fund VII, whose active portfolio includes such companies as Nanosolar, PacketMotion and Proofpoint.

What we also noticed was that MDV appears to have added annex capital to its two subsequent funds. One filings shows that MDV has raised $25 million for Fund VIII, a $400 million vehicle raised in 2005, and another $45 million for Fund IX, a $580 million vehicle closed in 2007. Altogether, the Silicon Valley firm has given itself nearly $100 million in new runway.

An MDV spokeswoman declined to comment.