Benhamou Global Ventures, a Palo Alto, California and Tel Aviv, Israel-based early-stage venture capital firm with an exclusive focus on enterprise information technology opportunities in global markets, announced the first close of their third fund.
Over 50% of the targeted $75M fund have been committed to date with investors including both existing LP’s as well as new international and institutional LP’s (including several Chinese investors).
BGV III will focus on enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, advanced analytics and industrial Internet of Things.
The fund’s first investment was in customer success management platform provider Totango in syndication with Pitango Venture Capital, Canvas Ventures, and Interwest Capital.
Founded by Eric Benhamou, the firm has added serial entrepreneur Amir Nayyerhabibi as partner and semiconductor industry veteran Shuo Zhang as China Advisory partner.