SAN MATEO, California,
March 27, 2017 /PRNewswire/
-- Phoenix Venture Partners LLC (PVP) announced today that it
has officially closed its new flagship venture capital fund, PVP II
LP. The Fund's limited partners are composed of sophisticated
financial institutions, family offices, and leading multinational
corporations (strategic investors). PVP II LP's strategic investors
include a who's who of market leaders in their respective
industries, including Pfizer Inc., 3M, Corning Incorporated
(NYSE:GLW), Eastman Chemical Company (NYSE:EMN), Solvay Group S.A.,
Showa Denko K. K. (TSE:4004), and W. L.
Gore & Associates.
As the leading venture capital firm focused on Advanced
Materials, PVP is known by entrepreneurs and corporations globally.
PVP forges deep partnerships with its strategic investors and works
closely with them to identify attractive market
opportunities.
Following on the PVP partners' successful track record, PVP II
LP will focus exclusively on investing in start-ups developing
breakthrough Advanced Materials innovations. As in its prior
fund PVP I LP, PVP will work with a limited number of leading
corporations from different value chain positions, geographies, and
industries to identify industrial opportunities and to vet "best in
class" start-up technologies. PVP's partners also work closely with
entrepreneurs, leveraging their domain experience as successful
inventors, founders, start-up operators, and C-level
executives.
Dr. John T. Chen, Managing
General Partner of PVP, commented, "We are pleased by the continued
support we received from our existing LPs and strong interest in
PVP II LP from new investors. The Fund is off to a great start,
having already made several new investments."
Dr. Zachariah Jonasson, Managing
General Partner of PVP added, "We are excited to be working with
both the most innovative multinational corporations and
entrepreneurs globally."
About Phoenix Venture Partners LLC
Phoenix Venture Partners LLC is a leading venture capital
firm that invests in and partners with entrepreneurs to
commercialize breakthrough Advanced Materials innovations. PVP's
team has an unparalleled track record of founding, building and
investing in successful Advanced Materials start-ups across
multiple industrial application areas. The firm's investment
strategy is flexible and predicated on assisting entrepreneurs with
customer and supply chain partnerships, business development, as
well as with strategic and operational support. PVP collaborates
with a select set of forward-looking global corporations on
business development and open innovation interests. PVP is based in
the Silicon Valley with a satellite office in Seattle, WA. For additional information
please visit our website at www.phoenix-vp.com.
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