Vertical Venture Partners announces the first close of VVP III at its target of $80M
July 26, 2021 – Palo Alto, CA – Vertical Venture Partners completed the first closing of its third fund, VVP III, at the fund target of $80M. Substantially all of the capital commitments for the first closing came from existing Limited Partners. VVP will open the fund to new investors beginning in Q4 2021 and expects to add multiple new Limited Partners. VVP attributes the rapid first closing of VVP III to the strong performance of its earlier funds. VVP I posted a Q1 2021 DPI of 2.5X, placing it among the top US venture capital funds for its vintage year. VVP III will continue with the firm’s core strategy of investments in early-stage companies that are targeting specific industry verticals.
About Vertical Venture Partners
Vertical Venture Partners (“VVP”) is a Silicon Valley-based venture capital firm focused on making Seed and Series A investments in B2B technology companies targeting pain points in specific industry verticals as opposed to those providing horizontal technologies to many industries. The VVP team has decades of operating and investment experience gained from diverse backgrounds in venture capital, research & development, investment banking, and advanced technology.
Please visit www.vvp.vc to learn more.
Media contact: Doreen Thawley; firstname.lastname@example.org