Trinity raises $400 mln 12th fund

Trinity Ventures has closed on a $400 million 12th fund, according to a blog post.

The fund’s focus includes SaaS, IT infrastructure, mobile e-commerce and digital media, said a press release. The Menlo Park, Calif.-based firm raised $328 million for its 11th fund in 2012 and $307 million for its 10th fund in 2009, according to Thomson Reuters.