San Rafael, California-based venture capital firm Asenqua Ventures closed its fourth investment fund, at $125m.
The fund plans to invest in capital efficient companies with a minimum revenue of $10m in the following product niches:
– display technology,
– medical technology,
– wireless communications,
– Internet infrastructure,
– cloud computing,
– ecommerce, and
Led by managing directors Steve Ross and Dr. Jason Yi, Asenqua invests in early-stage emerging technologies and innovative business solutions as well as scalable middle market companies with potential for growth.
To date, the firm has raised over $700m providing funding to over 100 companies.