Venture capital firm Benhamou Global Ventures has reportedly launched its second fund.
Benhamou, which is led by former 3Com and Palm CEO Eric Benhamou, is accepting commitments form outside investors for the first time, said Dow Jones.
The fund, BGV II, is expected to be twice the size of Benhamou’s first fund, which was between $30m and $35m, said the report. The first vehicle was comprised of Benhamou’s own money.
Benhamou targets enterprise IT companies headquartered in Silicon Valley. Its portfolio businesses include web security specialist Finjan, search engine Mobissimo and storage area network technology company Intransa.
Benhamou is also invested in smart TV tuning product provider CrestaTech, which raised a $13m round backed by the fimr in 2012.
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