Benhamou Global Ventures, a Silicon Valley-based early-stage venture firm, has closed its opportunity fund at over $40m.
The fund’s investors include previous limited partners and several new international and institutional limited partners according to the firm.
Benhamou’s BGV Opportunity Fund will focus on capturing the full pro rata in winning portfolio companies from BGV II and BGV III, which have achieved product market fit, established a repeatable go-to-market process, and have a full management team and credible scalability plans in place.
The firm said it will target companies that have a lower overall risk profile and a shorter time to liquidity relative to earlier stages, having effectively navigated the typical early stage technology and market risks.
BGV recently made its first investment from the BGV Opportunity Fund in Virtual Instruments, a BGV II portfolio company in syndication with Highbar Partners.
Headquartered in Palo Alto, California, BGV claims to operate at the intersection of leading-edge enterprise technology, active early-stage venture investing and cross border innovation.
Earlier this year, the investor joined the likes of Easter Link Capital, Hanna Ventures, Overstock.com, and Zanadu Capital Partners, in IdentityMind Global’s $10m Series C round. The digital identity specialist said it will use the capital to expand within international markets and to grow its new business unit designed to provide KYC and AML solutions for ICO and cryptocurrency markets.
BGV has also made a number of investments in the cybersecurity sector. In March 2017, the firm tapped its BGV III fund to back Bayshore Networks, an emerging leader in industrial IOT cybersecurity, securing and protecting critical industrial IOT assets.
Benhamou’s portfolio also includes Secret Double Operation, an Israeli cybersecurity company whose technogoly enables a password-free environment, and Silicon Valley-based Cyberinc, which provides cyber security solutions globally.
In the FinTech space, BGV also recently led ScaleFast’s $8m Series A round, with additional funding coming from Adara Ventures, B&Y, French Partners and CIC Capital. The company is a digital commerce platform that simplifies and streamlines eCommerce for global lifestyle brands that want to make their store the best place to shop online.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
