
Palo Alto, California (November 19, 2010) - Artiman Ventures ("Artiman") recently announced the closing of its third early stage venture capital fund, Artiman Ventures III, L.P., with total commitments of $200 million, exceeding its original target of $150 million due to strong support from existing investors and significant demand from new investors.
Limited partner commitments were secured from a diversified group of institutional investors from North America, Europe, and Asia. Among these institutions are leading endowments, foundations, public and private pension funds, and funds-of-funds.
Stanwich Advisors, LLC acted as exclusive placement agent and financial advisor for the offering.
About Artiman
Ventures
Founded in 2000, Artiman Ventures ("Artiman") is an early stage
venture capital firm with offices in Palo Alto and Bangalore.
Artiman's core focus is on helping talented entrepreneurs
commercialize leadingedge technologies to create world-class
companies. Artiman targets investments in "white spaces,"
which
it defines as large market opportunities where a company has no
identifiable competition and at least a 12-month lead on
existing technologies or the market. Artiman seeks to partner with
"concept-stage" entrepreneurs to significantly impact a company's
strategy, focus, team, industry relationships, business model, and
culture. When appropriate, Artiman plays an active role in helping
its portfolio companies establish India-based operations,
significantly reducing the amount of capital required to build and
scale a business.
For more information on Artiman Ventures, please visit www.artimanventures.com.
About Stanwich
Advisors
Founded in 2003, Stanwich Advisors, LLC is a boutique investment
bank focused exclusively on providing advisory and fundraising
services to private equity and venture capital partnerships
globally. Stanwich Advisors utilizes its seasoned investment
banking and private placement team to provide senior hands-on
execution for a select number of clients each year. Since 1996, the
Stanwich Advisors Principals have raised over $16 billion for more
than 40 private equity funds across a wide range of investment
strategies.
For more information on Stanwich Advisors, please visit www.stanwichadvisors.com.