BGV Closes $70M Opportunity Fund

BGV, an early-stage venture capital firm based in Silicon Valley and Tel Aviv, announced the close of its Opportunity Fund, a $70 million investment vehicle. The Opportunity Fund is designed to make expansion stage investments in successful portfolio companies that emerge from BGV II and BGV III, both early-stage funds.

Earlier this year, BGV made two Opportunity Fund investments in the enterprise 4.0 category: Totango, which deploys a comprehensive Customer Data Platform (CDP) into global enterprises, and Virtual Instruments, an AIOps company.

The VC also made an Opportunity Fund investment in Grid Dynamics; a company focuses on accelerating enterprise transition to the cloud by developing and operating next-generation cloud applications.

In May 2019, Zebra Technologies Corporation announced the acquisition of BGV Fund II Company Profitect, a provider of prescriptive analytics for the retail and consumer packaged goods (CPG) industries. BGV returned 6.8X their investment to BGV Fund II limited partners.

“This sale showcases BGV’s thesis-driven approach of investing in Enterprise 4.0 startups solving business problems in specific vertical industries – in this case retail,” said Eric Buatois, general partner at BGV and chairman of Profitect.

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