DFJ Frontier Raises $55M Venture Fund

Los Angeles-based seed stage venture fund DFJ Frontier is announcing today that it has closed a second, $55M fund, expanded its team, and opened up new offices. According to the firm, it raised $55.4M from mostly institutional investors, with limited partners that include CalPERs, Credit Suisse, Hamilton Lane, LACERS, and the Oregon Growth Account. The new offices are in Los Angeles and Portland, Oregon. As part of the firm's expanded team, DFJ Frontier has added four new venture partners at the firm, including Jim Schraith, Eric Rosenfeld, Bob Ward, and Brian Danella. Schraith is in the Sacramento Area, and is an angel investor; Rosenfeld and Ward are co-founders of Portland's Capybara Ventures; and Danella is in the Bay Area, at communications firm Prequent. Frank Foster has been promoted to General Partner, and is located in Santa Barbara. The firm said it has already made a number of investments from the new fund, including BOOM! Studios, Delve Networks, United Sample, and Zadspace.