Home › DMW Daily › November 2, 2009

Greylock Closes $575M Fund; Names LinkedIn's Hoffman Partner

Authored by Mark Hefflinger on November 2, 2009 - 10:47am.
San Mateo, Calif. - Greylock Partners, a venture capital firm focused on the technology sector, said on Monday that it has closed a new $575 million fund.

The firm said that the fund, known as Greylock XIII, will invest in enterprise and consumer software, services and infrastructure ventures.

Greylock's investments include Digg, Facebook, LinkedIn, Pandora and ZipCar. The firm also has named Reid Hoffman, the co-founder and executive chairman of LinkedIn, as an investing partner.

While remaining active in LindedIn's day-to-day operations, Hoffman also will invest early-stage consumer Internet and software firms, as well as advise entrepreneurs.

Hoffman co-founded LinkedIn -- which currently counts 50 million members -- in 2003, and previously was an executive vice president at PayPal.

 

Related Links:
http://www.greylock.com/news_events/greylock_news/35

Published in DMW Daily, November 2, 2009
tags: Deals | VC | Investments | LinkedIn | Greylock Partners | Reid Hoffman |



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