Jafco Ventures, a technology venture capital firm, has received an additional USD100m of capital to kick-off its latest fund and has named Paul Sallaberry as its newest venture partner.
This addition to the team comes on the heels of Nick Sturiale and Jeb Miller joining Jafco early last year as general partners.
Joe Horowitz (pictured), managing general partner of Jafco Ventures, says the firm has been investing at a brisk pace and recently closed USD100m of fresh capital from Jafco Co., its limited partner, to kick-off investing in its newest fund, JTP IV.
Jafco Ventures has been an active investor in broad-based information technology companies with such recent investments as Clicker Media, but is also selectively investing in industries such as energy and food/agriculture with investments in Hara Software and Purfresh.
Sallaberry joins Jafco Ventures having served in senior operating roles in technology companies for nearly 30 years.
Before joining Jafco Ventures, Sallaberry’s most recent senior operating role was with Veritas Software. He joined Veritas through its acquisition of OpenVision and while there was responsible for growing sales from less than USD50m to in excess of USD1.5bn.
Sallaberry currently serves on the boards of Quest Software, Calypso Technologies, Mimosa Systems (Iron Mountain), GFI, Ocarina Networks and Dorado Software.
"Paul is an executive of extraordinary talents, particularly as it relates to scaling revenues with great capital efficiency," says Horowitz. "His skills and experience are a great fit to our investment strategy, rounding out a team that took us seven years to carefully select and build."
