Silicon Valley-based venture capital (VC) firm Benhamou Global Ventures (BGV), which invests in Enterprise 4.0 companies globally, has announced its fourth fund, closing at $110M, 60% larger than its third fund.
“For BGV, if you are a talented entrepreneur, it doesn’t matter where you’re from. What matters is that your idea and your company are innovative, unique, and transformative across global markets,” said Eric Benhamou, Founder and General Partner at BGV. “We’re grateful to the many new global investors who placed their trust and capital in us. We are proud to close this fourth fund and will continue our work helping the next generation of cross-border entrepreneurs in their company building journey.”
The company said in a statement, “With this fourth fund, BGV will focus exclusively on the Enterprise 4.0 domain. Enterprise 4.0 describes 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. The BGV team has thought deeply about the importance of ethical AI as it relates to B2B implementations and recently established a diverse community of entrepreneurs and industry executives to democratize the evolution and growth of Ethical AI Governance. This new fund will allocate capital towards companies implementing cutting-edge AI solutions in ways that are ethical and serve to deliver strong returns while improving the world around them.”
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