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Asenqua Ventures raises USD125m for Fund IV

Technology investment firm Asenqua Ventures has closed its fourth investment fund, raising USD125 million which will be reinvested in capital efficient companies with a minimum revenue of USD10 million in niche technology sectors.

Fund IV will target investments in semiconductors, display technology, software, medical technology, wireless communications, and internet infrastructure, cloud computing, ecommerce and networking.
 
The managing directors of Asenqua, Steve Ross and Jason Yi, are using the USD125 million in funding to aggressively invest in new opportunities.
 
“We are at a stage where we believe we can take more companies to the next level of growth,” says Ross. “The success of our IV funding is a testament to our abilities in helping capital efficient companies in the technology sector become self-sufficient. I look forward to personally meeting up and coming entrepreneurs and helping make their dreams a reality.    
 
Yi adds: “We created an investment model for fund IV that netted huge investments, going forward to later funding we will use similar investment model that puts emphasis on seed, Series A and Series B investments. Our knowledge in the technology field and the capital resources we now have will give future entrepreneur partners the opportunity for maximum growth.”

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