Vulcan Capital, which manages investments for Microsoft co-founder Paul Allen, announced today that it would open an office in downtown Palo Alto.
The Palo Alto office, which will be directed by Abhishek Agrawal, will focus on mid-to late-stage investments in the Internet and technology sector. The company stated that it would make investments in the range of $10 million to $100 million.
Seattle-based Vulcan Capital is the investment arm of Vulcan Inc., which Paul Allen founded and chairs. Vulcan Inc. oversees Allen's business and philanthropic activities, according to its website.
Allen co-founded Microsoft with Bill Gates in 1976 and remained the company's chief technologist until he left Microsoft in 1983. Besides his investment portfolio in areas such as real estate, technology and media, Allen also owns the Seattle Seahawks of the NFL and the Portland Trail Blazers of the NBA.
Harvard-educated Agrawal previously worked at General Atlantic, a growth equity firm, and Lazard Technology Partners, a tech-focused venture capital firm.