Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on the digital transformation of the enterprise with a cross-border innovation theme, has held the first close of the BGV Opportunity Fund with over USD40 million of capital committed to date.
Investors in this fourth fund include both existing limited partners as well as several new international and institutional LPs.
The BGV Opportunity Fund will focus on capturing the full pro rata in winning portfolio companies from BGV II and BGV III as they mature and raise late stage equity rounds. Target portfolio companies will have achieved product market fit, established a repeatable go-to-market process, and have a full management team and credible scalability plans in place. Typically target portfolio companies will 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. Virtual Instruments is a fast growing and well established company in the multibillion-dollar, application-centric infrastructure performance management category. The company offers real-time infrastructure performance monitoring, analytics, and storage validation products that provide breakthrough application workload visibility to Global 2000 enterprise companies, government, and service providers. The solution seamlessly provides intelligent analysis to help enterprises optimise the entire infrastructure from a cost, performance, and availability perspective. The company is headquartered in San Jose, California.
Eric Benhamou, will continue to serve on the Virtual Instruments Board, says. “The convergence of application and infrastructure performance management creates a new strategic imperative in the modern data centre. We believe Virtual Instruments is the most innovative technology solution provider in its market. The market traction they enjoy and the deep industry knowledge of the management team give us confidence in their trajectory. We will contribute our expertise and experience in IT infrastructure companies to help them navigate through the next stage of growth.”
Virtual Instruments CEO Phillipe Vincent, explains: “Our primary focus is to vastly simplify and automate IT infrastructure management, assuring the highest availability and performance of mission critical applications for the world’s most demanding customers — we call our approach App-centric Infrastructure Performance Management and see it as the key to automating the management of the infrastructure. We are excited for Eric and his team at Benhamou Global Ventures to share their expert guidance as we help our customers automate their IT operations and drive ROI.”
