Granite Ventures has closed Granite Ventures II, a $350 million venture capital fund that will focus on investment opportunities in early-stage communications and software companies. Granite will continue the successful investment approach that the group has practiced for the last 13 years. The firm’s total capital under management now exceeds $1 billion.
“The strong response we received from leading investors is a testament to the Granite Ventures team and network,” said Managing Director Standish O’Grady. “We look forward to investing in great entrepreneurs and helping them build leading technology companies.”