Tuesday, October 28, 2008

Fairhaven Capital Raises $250 Million for New Fund - Cambridge, MA

Fairhaven Capital, a Cambridge-based venture capital firm, announced on Tuesday that it has raised $250 million for a new investment fund. Fairhaven’s key personnel began managing investments in the consumer electronics, security and enterprise infrastructure markets in 2001. Its past projects include Third Screen Media, which was acquired by AOL Time Warner; Softricity, which was bought by Microsoft; Cloakware, which was acquired by Irdeto/Naspers; and EqualLogic, which was acquired for $1.4 billion by Dell. Fairhaven said that it intends to maintain a focus on the corporate and consumer technology markets, as well as investments in early-stage companies in the fields of high-performance materials and digital media infrastructure.



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