$675 million revs up Ignition Partners

Ignition Partners http://www.ignitionpartners.com/, a Bellevue-based venture-capital firm, said Monday it has raised $675 million in fresh capital to invest in not only early-stage companies, but in profitable ones, too.

Ignition said the money will go toward two different strategies: $400 million will be set aside for traditional venture-capital investments in early-stage technology companies; and $275 million will be earmarked for profitable, more mature companies.

By Tricia Duryee

Seattle Times technology reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003917873_ignition02.html