SOURCE: Benhamou Global Ventures

Benhamou Global Ventures

September 14, 2016 08:00 ET

BGV Reaches First Close of Third Fund, Invests in Totango

New Investment, Expanded Team, Fresh Capital, Mark Momentum for Benhamou Global Ventures

PALO ALTO, CA--(Marketwired - September 14, 2016) - Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on enterprise information technology opportunities in global markets, announced the first close of their third fund with over 50% of the targeted $75M fund committed to date. Investors in the third fund include both existing LP's as well as new international and institutional LP's including several Chinese investors. Extending the strategy of fund BGV II, BGV III will focus on enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, advanced analytics and industrial Internet of Things.

BGV recently made its first investment from BGV III in Totango in syndication with Pitango Venture Capital, Canvas Ventures, and Interwest Capital. Totango is a leader in the emerging Customer Success Management category. Totango provides a complete platform for Customer Success professionals to streamline their customer onboarding processes, maximize user engagement, minimize churn and increases the upsell success rate of a subscription business. With its built in workflow automation, comprehensive data model and integrations, Totango has helped over 300 customers mitigate account risks and grow their recurring revenues. The company is headquartered in Silicon Valley with R&D in Israel.

Eric Benhamou will join the Totango Board as Chairman. "Enterprise reliance on SaaS and Cloud Products is peaking and we see the need for Customer Success technology," states Benhamou. "We have identified Totango as the most complete customer success solution on the market and an early leader in the enterprise space. With their significant traction and incredible industry knowledge, we are confident in their efforts and will provide our expertise to help them navigate this period of significant growth."

Totango CEO Guy Nirpaz, explains, "Today's customer success executives are expected to deliver predictable revenue outcomes from their Cloud businesses, constantly improve team efficiency, and prove their products' ROI to survive. We are excited for Eric and his team at Benhamou Global Ventures to share their expert guidance as we make customer success operations more efficient and drive positive revenue impact for our customers."

BGV has also expanded its team with the addition of Amir Nayyerhabibi as partner and Shuo Zhang as China Advisory partner. They are both experienced entrepreneurs and operating executives who share BGV's company building passion.

Amir Nayyerhabibi is a serial entrepreneur and an experienced CEO with successful exits including StratumOne Communications (acquired by Cisco), AuroraNetics (acquired by Cisco) and Cortina Systems (acquired by InPhy and RealTek). At Cisco, Amir was responsible for managing the routing business unit. Amir is currently serves as the chairman of the board of NGD systems.

Shuo Zhang has 25 years of experience in general management, marketing, sales, and strategic business development in the semiconductor industry. She has held senior executive positions at LSI Logic, Altera, Agilent Technologies, Avago, and Cypress Semiconductor. She is currently the Founder and Managing Director of Renascia, a boutique M&A Advisory firm headquartered in Silicon Valley with a deep client base in China.

About Benhamou Global Ventures

BGV, is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise information technology opportunities in global markets. BGV currently has 15 active companies in its portfolio. The BGV team has successfully built and implemented a cross-border venture investing model with companies from Israel, Europe and Asia. The fund was founded by Eric Benhamou, former chairman and CEO of 3Com, Palm and co-founder of Bridge Communications. Comprised of an experienced partnership team of global operating executives and investors, BGV is often the first and most active institutional investor in a company and has a powerful network of technical advisors, executives and functional experts who actively engage with its portfolio companies. The company has offices in Palo Alto, California and Tel Aviv, Israel.


Twitter: @BenhamouGlobalV


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