Phoenix Venture Partners LLC raises 3rd capital fund, PVP III LP
Phoenix Venture Partners LLC (PVP) announced it officially closed its latest flagship venture capital fund, PVP III LP at EOY 2020. The Fund was oversubscribed and its limited partners, both returning and new, are composed of sophisticated financial institutions, family offices, and leading multinational corporations - strategic investors.
PVP III LP's strategic investors include the who's who of market leaders around the world in their respective industries, including Pfizer Inc., Corning Incorporated, W. L. Gore & Associates, Showa Denko K. K., Nissan Chemical Corporation, Nagase & Co. and LG Technology Ventures, which is the investment vehicle of LG Chem.
As the leading venture capital firm focused on Advanced Materials and Device investing, PVP has an established track record of strong returns and is known by entrepreneurs and corporations globally. PVP also has a reputation for forging deep partnerships with its strategic investors working closely with them on open innovation to identify attractive market opportunities. Building off the success of its first two funds, PVP III LP will continue to focus on investing in startups developing breakthrough Advanced Materials and Device innovations while expanding its presence globally.
John T. Chen, Managing General Partner, PVP: "We are pleased by the strong interest in PVP III LP from new investors and continued support from our existing LPs and are happy to have closed the new fund despite the current global challenges."
Zachariah Jonasson, Managing General Partner, PVP: "We are excited to be working with both the most innovative multinational corporations and entrepreneurs globally."
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