Term Sheet

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Tesla backer seeking new bank

May 2, 2013: 5:37 PM ET

dfjgrowthDFJ Growth raising second fund.

FORTUNE -- DFJ Growth is looking to raise up to $370 million for its second fund, according to a pair of regulatory filings. 

This is the growth equity affiliate of venerable venture capital firm Draper Fisher Jurvetson, which raised $290 million for its debut fund back in 2007.

Notable deals have included Betaworks, Box, SolarCity (SCTY), Tesla Motors (TSLA), Twitter, Tumblr and Yammer (acquired by Microsoft for $1.2 billion).

No apparent changes to the management team, with includes DFJ co-founder John Fisher and former AOL CEO Barry Schuler.

DFJ's early-stage group is expected to begin raising its eleventh sometime later this year.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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