BGV, a Palo Alto, CA-based early-stage venture capital firm with an exclusive focus on enterprise 4.0 startups in global markets, closed its Opportunity Fund, at $70m.
The Opportunity Fund is designed to make expansion stage investments in successful portfolio companies that emerge from BGV II and BGV III, both early-stage funds.
BGV has already made Opportunity Fund investments in the enterprise 4.0 category including:
– Totango, which deploys a comprehensive Customer Data Platform (CDP) into global enterprises;
– Virtual Instruments, an AIOps company; and
– Grid Dynamics, a company focusing on accelerating enterprise transition to the cloud by developing and operating next generation cloud applications.
In addition, in May 2019, Zebra Technologies Corporation (NASDAQ: ZBRA) announced the acquisition of BGV Fund II company Profitect, Inc., a provider of prescriptive analytics for the retail and consumer packaged goods (CPG) industries.
BGV returned 6.8X their investment to BGV Fund II limited partners.
Founded by Eric Benhamou, BGV is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise 4.0 opportunities in global markets.
The firm, which currently has 30 active companies in its portfolio, has offices in Palo Alto, California and Tel Aviv, Israel.