La Jolla’s Avalon Ventures announces closing of $200 million fund

Avalon Venture partners are, from left, Doug Downs, Brady Bohrmann, Kevin Kinsella, Rich Levandov, Steve Tomlin and Jay Lichter. Courtesy: www.avalon-ventures.com

Avalon Ventures announced recently that it has closed capital commitments of $200 million for the firm’s ninth and largest fund, Avalon Ventures IX, LP. The newest fund will continue the firm’s investment focus in early-stage, high tech / digital media and life science companies.

It was more than 33 percent oversubscribed compared to the original target of $150 million and virtually all institutional investors in the two preceding Avalon funds committed to the ninth fund, according to a press release.

Avalon Ventures, a La Jolla-based venture capital firm was founded in 1983 by Kevin Kinsella and is one of the longest standing venture firms in the San Diego area. Members of the general partnership are Kevin Kinsella, Stephen Tomlin, Jay Lichter and Doug Downs, who are based in La Jolla, and Rich Levandov and Brady Borhmann, located in Cambridge, Mass.

— Source: BusinessWire

Related posts:

  1. La Jolla battered overnight by storm
  2. La Jolla Country Market burglarized, safe stolen
  3. Salk Institute Medals go to Jacobs, Roeder
  4. Elementary schools kick off La Jolla’s Halloween fun
  5. La Jolla native calls Medal of Valor ‘crowning moment’ to lifeguard career

Short URL: http://www.lajollalight.com/?p=33019

Posted by Kathy Day on Jan 14, 2011. Filed under La Jolla, News, Uncategorized. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News

  • Congregation Beth Am Labor Day Picnic September 2, 2014
    Congregation Beth Am held a festive Labor Day Picnic Sept. 1. This year is the 31st anniversary of this synagogue that started in a tire store in Solana Beach. […]
  • Suspects attempt to rob Solana Beach bank ATM September 2, 2014
    An attempt to break into an ATM at a Solana Beach bank branch early Sept. 2 using a cutting torch ended with the cash machine in flames and two suspects fleeing empty-handed. The suspects set off the ATM's alarm during the failed heist shortly after 2:30 a.m. in the 600 block of Lomas Santa Fe Drive near Glencrest Drive, according to sheriff's Lt. […]
  • First phase of Earl Warren Middle School reconstruction begins in Solana Beach September 2, 2014
    As kids kicked back this summer, San Dieguito Union High School District kicked off the first phase of its complete reconstruction of Earl Warren Middle School. The $41 million project is made possible by the passage of Proposition AA. […]