OVP Venture Partners Raises Capital for New Fund
Summary
OVP Venture Partners plans to announce Tuesday that it has raised $160 million in a first close of a new venture-capital fund. This is the sixth fund for the Kirkland, Wash. venture firm. Gerry Langeler, a general partner at OVP, said he expects to close on an additional $40 million by the end of the first quarter of next year. The firms last fund was $150 million, which it closed in the early spring of last year. One reason for closing the fund in two rounds was that new investors wanted to be sure that existing investors were committed to the firm before signing up to commit money...
Funding
Amount
$16.0M
Total raised
Date
October 8, 2001
Announcement date
Investors
OVP Venture Partners, Canaan Partners
Lead investors
Company
http://www.acmepacket.com
Funded company
Classifications
industries
Telecommunications
applications
General Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Acme Packet
$100M to $250M