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Rembrandt Venture Partners closes second fund

Rembrandt Venture Partners has closed a second fund in the amount of USD160.5m.

It will be invested in early-stage companies with ground-breaking technology offerings.

The fund was oversubscribed, exceeding its initial target by USD10.5m.

Rembrandt has been a participant in several recent successes in the high tech space, including Cavium, Good Technologies (acquired by Motorola), Ironport (acquired by Cisco), LGC Wireless (acquired by ADC Communications), and MetaLincs (founded by Rembrandt, acquired by Seagate).

"The success of our first fund paved the way for us to raise a significantly larger amount this time around, despite the capital crunch," says Douglas Schrier, general partner. "There are great opportunities right now for venture investors who have not just the capital but the hands-on entrepreneurial experience to pitch in and help build truly great companies. Wireless, data management, digital media, and enterprise infrastructure and software are just a few of the areas where we are seeking disruptive technologies to invest in."

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