Sprout Group Raises $1.6 Billion

Almost doubling the previous fund size for the VC arm of Credit Suisse First Boston

November 20, 2000

1 Min Read

MENLO PARK, Calif. -- The Sprout Group, one of the oldest and largest venture capital firms in the nation, announced today that it has closed $1.6 billion in new funding, almost doubling the firm's previous fund size of $860 million. As the eleventh fund raised since the firm's inception in 1969, Sprout IX builds on Sprout's successful track record of funding technology-based companies across all stages of growth from start-ups through management buyouts.

"With Sprout IX, we look forward to actively investing in some of the most exciting sectors of the technology industry, " said Keith Geeslin, managing partner at The Sprout Group. "We've built deep expertise across communications, healthcare technology and Internet software. A fund of this size and scope will enable us to help build tomorrow's leaders in each of these areas."

http://www.sproutgroup.com

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