Rho Ventures raises $425 million. Corante New York:

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December 11, 2004

Rho Ventures raises $425 million

Posted by Dominic Basulto

On December 7, NYC-based Rho Ventures announced the final closing of its fifth venture capital fund, Rho Ventures V, with commitments of $425 million. The fund will make a number of diversified bets on the future of the tech sector, with plans to finance young companies in the
communications, IT and healthcare verticals. Rho has more than $1 billion in capital under management and was an early investor in companies such as Ciena, Commerce One, Compaq, Human Genome Sciences and iVillage.

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