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Pritzker Group renames technology venture arm amid shift to later-stage deals

15 Oct 2013

JB PritzkerThe investment firm of America’s multibillion-dollar Pritzker  family has renamed its technology arm amid a shift in strategy to cover later-stage deals.

New World Ventures has been retitled Pritzker Group Venture Capital to better align itself with the Pritzker name according to managing partner Chris Girgenti.

Co-founder and managing partner J B Pritzker, pictured, who has a net worth alone of $2.5bn, said, “We are seeing great later-stage opportunities that need additional capital and can benefit from the guidance of our venture partners such as the former CEOs of Walmart.com, Sonic Solutions and NDS.”

The firm’s recent investments include Boston-based fleet-tracking business Fleetmatics, Phoenix software-defined data center developer IO and SMS Assist, a Chicago-based facilities maintenance technology company.

In the summer New World Ventures boosted its team by appointing experienced executives Carter Cast and Dave Habiger as partners.

Cast and Habiger will focus on expanding the firm’s investments in e-commerce and new media.

New World also named co-founder of Google’s Chicago office Kevin Willer as a strategic advisor.

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