MENLO PARK, Calif.,
Jan. 16, 2019 /PRNewswire/ --
BlueRun Ventures (BRV), an early-stage venture capital
firm that led early rounds in PayPal, Waze, Coupa and Kabbage,
today announced the closing of their sixth fund, BRV VI, at
$130 million. The fund will be used
for early-stage investments, both seed and Series A rounds focused
on mobile software and services, financial technology, and digital
health. Broadly, BRV's investment thesis is to look for
opportunities where data and real time computing can disrupt
incumbents and create new category winners.
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"BRV's consistent early stage investment approach is supported
by our seasoned base of limited partners, allowing us to fund
companies at critical moments in their growth," said
Jonathan Ebinger, General Partner at
BlueRun Ventures. "Investing in early stage is a consistent
focus for our firm and our role in the venture ecosystem. Our core
belief is that targeted funds yield better returns over time. The
close of BRV VI is a continuation of our firm's strategic efforts,"
he added.
Since the firm's inception in 1998, BRV has focused on investing
in technologies at the edge of the network (primarily mobile) and
in markets ripe for disruption. BRV entrepreneurs have come
from all around the world - BRV was one of the first US firms to
open local offices in China and
Korea. The BRV platform consists of multiple funds managed by
dedicated teams based in U.S.,
China, and Korea. BRV VI is the
latest US-focused fund with the mandate to invest in global teams
with a go-to-market strategy in the US.
In addition to the close of fund, BRV announced that
Cheryl Cheng has been promoted to
General Partner. She joins Jonathan
Ebinger and John Malloy as
general partners at BRV, with a focus on digital health, consumer
mobile, and application layer enterprise software.
For more information, please visit www.brv.com.
About BRV
BRV is an early stage venture capital firm
with offices in the United States,
Shanghai, Beijing, and Korea. BlueRun invests in
information technology, mobile and consumer technologies, with an
emphasis on early stage mobile opportunities. BRV has invested in
over 160 companies, with select exits from PayPal (acquired by
eBay), Waze (acquired by Google), Topsy (acquired by Apple), Coupa
(NASDAQ: COUP) and more.
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SOURCE BlueRun Ventures