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.
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.
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.