SAN MATEO, Calif., Feb. 1, 2021 /PRNewswire/ -- Phoenix Venture
Partners LLC (PVP) announced today that 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 a who's who of
market leaders around the world in their respective industries,
including Pfizer Inc. (NYSE: PFE), Corning Incorporated (NYSE:GLW),
W. L. Gore & Associates, Showa Denko K. K. (TYO:4004), Nissan
Chemical Corporation (TYO:4021), Nagase & Co., Ltd. (TYO:8012),
and LG Technology Ventures, which is the investment vehicle of LG
Chem, Ltd. (KRX: 051910).
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 start-ups developing breakthrough Advanced
Materials and Device innovations while expanding its presence
globally.
Dr. John T. Chen, Managing
General Partner of PVP, commented, "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."
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 outstanding entrepreneurs to
commercialize breakthrough Advanced Materials and Device
innovations. PVP's team has an unparalleled track record of
founding, building and investing in successful Advanced Materials
start-ups across multiple industries. 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 ecosystem 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 or email us at
information@phoenix-vp.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/phoenix-venture-partners-llc-raises-3rd-fund-pvp-iii-lp-301214652.html
SOURCE Phoenix Venture Partners, LLC.