Family Office

India Family Office Joins Fund-Raising Round For US Tech House

Tom Burroughes Group Editor 8 September 2014

India Family Office Joins Fund-Raising Round For US Tech House

PremjiInvest, the India-based family office of Wipro’s chairman Azim Premji, as well as other investors, has invested in US-based data management company DataStax.

PremjiInvest, the India-based family office of Wipro’s chairman Azim Premji, as well as other investors, has invested in US-based data management company DataStax.

The size of PremjiInvest’s investment wasn’t disclosed in DataStax’s statement. The tech firm said the latest fund-raising, together with the $84 million investment in previous rounds, brings the total invested to date to $190 million.

“The [fund-raising] round was led by Kleiner, Perkins, Caufield & Byers and includes a syndicate consisting of leading institutional, international and top-flight venture capital firms. ClearBridge Investments, Cross Creek Advisors and Wasatch Funds, which collectively manage more than $100 billion in mutual funds, as well as PremjiInvest and Comcast Ventures are additional new investors.

All existing venture capital investors also participated in this round of financing,” DataStax said in a statement.

DataStax was founded in 2010.

PremjiInvest is described as “a family office specialising in private equity and venture capital investments. In venture capital, it invests in growth capital. The firm seeks to invest in technology companies. It prefers to invest in the United States and China.”

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