Voyager Capital Aims for $125M in New Fund

12/20/11Follow @curtwoodward

Seattle-based venture firm Voyager Capital is raising a new fund pegged at up to $125 million, according to a new filing with federal regulators. The VC firm, which also has offices in Portland and Silicon Valley, finished raising its last fund in 2007 at $107 million. Notable investments from that fund included Ontela, which acquired Photobucket, and Yapta, an online travel service.

Voyager officials didn’t immediately respond to messages seeking comment, but that’s not unusual, since VCs try to avoid the ire of regulators while they’re out looking for cash. It will be interesting to see how Voyager fares in raising this fund, which is its fourth, as the continuing economic downturn and somewhat spotty market for technology IPOs have left VCs feeling pinched recently.

The broader VC sector has also seen consolidation nationally, with fewer firms raising capital. And in Seattle, we’ve seen some decline in VCs overall, with Polaris Venture Partners closing up its Seattle office this summer in favor of a Palo Alto, CA office.

Voyager focuses on clean IT, digital media, software, and wireless—here’s the full list of its portfolio companies. Its most notable exit over the years is probably aQuantive, which was acquired by Microsoft for $6.4 billion in 2007. Voyager’s managing directors are Bill McAleer and Enrique Godreau III in Seattle, Erik Benson in Seattle and Portland, and Daniel H. Ahn and Curtis Feeny in Menlo Park, CA.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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