Valhalla Partners Raises New $260 Million Venture Fund

Authored by Mark Hefflinger on November 13, 2006 - 3:42pm.

Vienna, Va. - Valhalla Partners, a venture capital firm focused on technology start-ups, said on Monday that it has raised a new $260 million fund. The fund -- called Valhalla Partners II -- will invest in Internet, digital media, software, mobile and storage-based businesses.

It brings the firm's total capital under management to more than $440 million. Valhalla said that it plans to continue the investment strategy of its first fund, which has made about half of its investments in the Mid-Atlantic region.

Earlier this year, Valhalla Partners promoted Charles Curran and Scott Frederick to the position of general partner, and appointed Kiran Hebbar as a principal. The new fund will be managed by the firm's six managing partners, which in addition to Frederick and Curran, includes Art Marks, Hooks Johnston, Gene Riechers, and Harry D'Andrea.

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