Benhamou eyes $120m for fourth venture capital fundraise

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Benhamou Global Ventures is aiming to pull in $120m of capital commitments for its latest flagship investment vehicle.

The venture firm has registered BGV IV in a filing with the United States Securities and Exchange Commission.

The firm, which has offices in Tel Aviv and San Francisco, has yet to register any capital commitments for the vehicle, the documents show.

Benhamou pulled in $80m for its Fund III in 2017, following on from the $72m the firm gathered for its second fund in 2015.

BGV IV will likely follow the strategy of its predecessor vehicle, by focusing on enterprise IT sectors including online security, cloud-based infrastructure services and applications, web scale infrastructure, advanced analytics and artificial intelligence as well as industrial Internet of Things.

Benhamou currently has 21 companies across its portfolio and has completed 17 exits since launch, according to its website.

The VC’s portfolio investments have included Israeli online security business Secret Double Octopus, augmented reality startup Sherpa Digital Media and robotics, machine vision and AI developer 6d bytes.

The firm’s namesake founder, Eric Benhamou, was formerly chairman and CEO of 3Com, Palm and co-founder of Bridge Communications.

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