PR87764

SAN MATEO, Calif., Feb. 1, 2021 /PRNewswire=KYODO JBN/ --

Phoenix Venture Partners LLC (PVP) announced today that it officially closed

its latest flagship venture capital fund, PVP III LP at EOY 2020. The Fund was

oversubscribed and its limited partners (both returning and new) are composed

of sophisticated financial institutions, family offices, and leading

multinational corporations (strategic investors). PVP III LP's strategic

investors include a who's who of market leaders around the world in their

respective industries, including Pfizer Inc. (NYSE: PFE), Corning Incorporated

(NYSE:GLW), W. L. Gore & Associates, Showa Denko K. K. (TYO:4004), Nissan

Chemical Corporation (TYO:4021), Nagase & Co., Ltd. (TYO:8012), and LG

Technology Ventures, which is the investment vehicle of LG Chem, Ltd. (KRX:

051910).  

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As the leading venture capital firm focused on Advanced Materials and Device

investing, PVP has an established track record of strong returns and is known

by entrepreneurs and corporations globally. PVP also has a reputation for

forging deep partnerships with its strategic investors working closely with

them on open innovation to identify attractive market opportunities. Building

off the success of its first two funds, PVP III LP will continue to focus on

investing in start-ups developing breakthrough Advanced Materials and Device

innovations while expanding its presence globally.  

Dr. John T. Chen, Managing General Partner of PVP, commented, "We are pleased

by the strong interest in PVP III LP from new investors and continued support

from our existing LPs and are happy to have closed the new fund despite the

current global challenges."

Dr. Zachariah Jonasson, Managing General Partner of PVP added, "We are excited

to be working with both the most innovative multinational corporations and

entrepreneurs globally."

About Phoenix Venture Partners LLC

Phoenix Venture Partners LLC is a leading venture capital firm that invests in

and partners with outstanding entrepreneurs to commercialize breakthrough

Advanced Materials and Device innovations. PVP's team has an unparalleled track

record of founding, building and investing in successful Advanced Materials

start-ups across multiple industries. The firm's investment strategy is

flexible and predicated on assisting entrepreneurs with customer and supply

chain partnerships, business development, as well as with strategic and

operational support. PVP collaborates with a select ecosystem of

forward-looking global corporations on business development and open innovation

interests. PVP is based in the Silicon Valley with a satellite office in

Seattle, WA.  For additional information please visit our website at

www.phoenix-vp.com or email us at information@phoenix-vp.com.

SOURCE: Phoenix Venture Partners, LLC.