BGV closes fourth fund with $110M aimed at immigrant enterprise AI, cross-border startups

BGV closes fourth fund with $110M aimed at immigrant enterprise AI, cross-border startups

3 years ago
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https://techcrunch.com/2021/09/30/bgv-closes-fourth-fund-with-110m-aimed-at-immigrant-enterprise-ai-cross-border-startups/

Silicon Valley-based venture capital (VC) firm Benhamou Global Ventures, known as BGV, closed its fourth fund with $110 million to support global enterprise companies.

The new fund is 60% larger than its third fund and will be invested similarly, in seed and Series A startups focused on what general partner Anik Bose said the firm calls the “Enterprise 4.0” domain. That means “AI-first B2B startups that apply deep tech to novel data sets coupled with workflow automation. Most importantly these startups do so without introducing unintended race, gender or age bias while addressing data privacy and security concerns and providing transparency.”