Benhamou Global Ventures raised $72 million for its second fund. BGV II focuses on making seed and early-stage investments in several enterprise IT sectors that include cyber security, cloud-based services and applications, web scale infrastructure and business analytics.
PALO ALTO, CA–(Marketwired – Jun 30, 2015) – Benhamou Global Ventures, a Silicon Valley based early-stage venture capital firm, has been designed to support the needs of young enterprise companies by assembling engaged LPs, corporate affiliates and advisors that can provide the “operating” and “go to market” expertise required to build successful global technology companies. BGV closed its second fund with $72M of total investable capital from Limited Partners and Affiliates. BGV is pioneering an innovative business model to better align the interests between Limited Partners and the General Partner by charging no management fees. This maximizes the utilization of Limited Partners committed capital for investments.
BGVII will fund seed and early stage investments focused on several enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, business analytics, the emerging Internet of Things while continuing the firm’s successful strategy of cross-border deal sourcing from the United States, Israel and Europe.
“As the digital transformation of the enterprise continues at an aggressive pace, so do the opportunities to invest in and build new global businesses,” said Eric Benhamou, founder and general partner of Benhamou Global Ventures. “We are grateful to have the support of exceptional new investors and blue chip corporate affiliates to implement our fund strategy.”
Benhamou Global Ventures has already made several investments out of its BGV II. These include:
Qubell, providing an autonomic management platform for cloud applications
Spikes Security, providing browser malware isolation
Identity Mind Global, providing fraud and risk management for electronic transactions
Sensors.com, providing secure connectivity solutions for Internet of things applications
Ayehu, a company that increases IT operations efficiency through a powerful IT workflow automation software platform
Profitect, providing prescriptive analytics solutions for the retail industry
The sale to Hewlett-Packard early this month of ConteXtream, a company seeded by BGV, is a further evidence of the success of BGV’s model. This company, initially funded in Israel, pioneered Software Defined Networks (SDN) for Carrier Networks.
The partners of BGVII are Eric Benhamou, Anik Bose, Eric Buatois, Marina Levinson, Janice Roberts based in BGV’s Palo Alto office, and Barak Ben Avinoam (based in BGV’s Tel Aviv office in Israel).
About Benhamou Global Ventures
Benhamou Global Venture (BGV), is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise information technology opportunities in global markets. The BGV team has successfully built a cross-border venture investing model, which it is selectively expanding to other markets and regions globally. The Fund was founded by Eric Benhamou, formerly chairman and CEO of 3Com, Palm and co-founder of Bridge Communications. Comprised of an experienced partnership team of global operating executives and investors, BGVII will actively engage and support entrepreneurs looking to build the next generation of enterprise IT companies. With a particular emphasis on cloud based services and applications, cyber security, web-scale infrastructure, business analytics and the Internet of Things, the Fund will invest in the compelling opportunities offered as enterprise IT transformation accelerates. The company has offices in Palo Alto California and Tel Aviv (Israel).
To learn more about our BGVII and our portfolio please visit us at http://benhamouglobalventures.com or follow us on Twitter: @BenhamouGlobalV