Fidelity Ventures Increases Fourth Fund to $400 Million - Boston, MA
Fidelity Ventures, a Boston-based venture capital firm, announced on Tuesday that it has increased its fourth investment fund to $400 million from $250 million. In addition, the company has named Roger Hurwitz as a partner. Hurwitz previously served as a partner at Apax Partners, where he focused on investing in software and technology-enable service businesses. Fidelity said that by increasing its fourth investment fund it now will invest up to $50 million in a single company, but will continue its focus on emerging technology companies that may require investments between $5 million and $20 million.