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Benhamou Global Ventures Announces Second Fund

BGV II Completes Its First Close With Additional LPs and a New Team Targeting Seed and Early-Stage Enterprise IT Investments

PALO ALTO, CA -- (Marketwired) -- 05/01/14 -- Benhamou Global Ventures, a Silicon Valley based early-stage venture capital firm, announced the first close of funding for BGV II LP. The fund is focused on seed and early stage investing in enterprise technology including security, cloud-based services, web scale infrastructure, mobility and the emerging Internet of Things.

Benhamou Global Ventures has already made its first investment from BGV II in Qubell, a company providing application deployment and configuration management for web-scale applications. Founded by repeat entrepreneur and enterprise cloud pioneer, Victoria Livschitz, Qubell brings true agility and speed to enterprises online commerce operations. See more at http://qubell.com

"As the 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. "To leverage these opportunities, we have expanded our team to include Marina Levinson, Barak Ben-Avinoam, and Janice Roberts. These are veteran operating executives, technologists and investment professionals who share our passion for working with entrepreneurs to build innovative technology businesses. I'm excited to welcome them to the team."

BGVII has also formed a Technology Advisory Council comprised of enterprise IT experts to assist with technology diligence and customer validation. The BGVII team is augmented by a network of global industry C-level executives to support its portfolio of companies; many of whom are investing in the new Fund.

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 companies. With a particular emphasis on cloud based services, security, web-scale infrastructure, mobility and the Internet of Things, the Fund will invest in the compelling opportunities offered as enterprise IT transformation accelerates.

To learn more about our BGVII and our portfolio please visit us at http://benhamouglobalventures.com or follow us on Twitter: @BenhamouGlobalV

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Laura Cruz
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917-406-7517

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