Venrock Raises $600 Million Global Venture Fund

“Venrock today announced the formation of Venrock V and will invest $600 million in entrepreneurs with breakthrough ideas in technology, healthcare, media and energy. Drawing on the investing practices of its Rockefeller family founders, Venrock has delivered consistently superior performance since its inception in 1969. With the close of Venrock V, the firm holds approximately $2 billion under management. “With nearly 40 years in the venture business, Venrock is focused on the visionaries who want to build companies that shape the future,” said Tony Sun, managing general partner, Venrock. Venrock has invested in entrepreneurs charting new advancements in cancer and HIV treatments, powering semiconductors and the digital era, securing the nation’s information technology infrastructure, pioneering on-line advertising, and generating power through alternative means. “Venrock has always focused on people. We partner with entrepreneurs, sharing expertise and counsel and working hard throughout a company’s development, and this has allowed us to consistently create significant, enduring companies,” said Bryan Roberts, managing general partner. Venrock is a venture capital firm with offices in Menlo Park, New York, Cambridge, MA, and Israel that was originally established as the venture capital arm of the Rockefeller family.”