Navasota Group Closes $150 Million Venture Capital Fund And Expands Mining Sector Focus
Navasota's mining portfolio has celebrated numerous milestones since it started, including the firm's investment in the international integrated large scale gold enterprise.
- (1888PressRelease) December 15, 2010 - Navasota Group, a venture capital firm committed to early stage company building, today announced that it has closed a $150 million venture capital fund, Navasota Capital VI. The fund will allocate roughly $80 million to expanding the firm's thriving mining practice which began in 2005. Navasota Group has since built a comprehensive portfolio of investments in the mining sector including open pit mining gold and silver operations, exploration license assets, refineries, rare earth element mining interests, and gold bullion.
The company is poised to take advantage of the surging international rare earth metal demand. This represents Navasota Group's eleventh investment in the mining sector through all previous and current funds.
"The mining industry is thriving with the increased demand of precious metals in response to a foundering currency market. The Navasota Team has taken a keen interest in the 'production side' of the gold equation and are pleased to see the industry embrace investments geared toward operational efficiency," said Shiro Tadashi, general partner at Navasota Group.
Navasota Group will continue to leverage its partners' operations experience and investing success to identify and back the best entrepreneurs in building successful mining companies in the areas in which it has traditionally been active. The addition of investment associate, Quinn Chen; senior engineering advisor, will assist Navasota Group to spot and pursue new investment opportunities.
"We work with entrepreneurs to build great companies for the long term. Our experience and recent successes continue to demonstrate a robust level of entrepreneurial activity of very high quality across a number of sectors," said Emi Fumiko, general partner, Navasota Group.
About Navasota Group
Founded in 2003, Navasota Group specializes in; alternative energy, biotechnology, oil and gas technology, medical devices and instrumentation, imaging and diagnostics, nanotechnology firms, heavy industry technology, and mining operations. Navasota Group funds total more than $800 million. For more information, please visit www.navasotagroup.com.
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