Palo Alto, California (October 15, 2007) -- Artiman Ventures ("Artiman") recently announced the closing of its second venture capital fund, Artiman Ventures II, with total commitments of $181 million, exceeding its original target of $150 million.
The fund attracted strong support from a diversified group of institutional investors including leading endowments, foundations, pension funds, advisors, financial intuitions, and fund-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 leading edge technologies in order to create
world-class companies. Artiman targets investments in "white
spaces", which it defines as areas where a company has no
identifiable competition and a 12 month lead on a technology or
market. Artiman seeks to partner with "concept stage" entrepreneurs
in order to dramatically impact their portfolio companies'
strategic plans, technical roadmaps, industry relationships and
culture. When appropriate, Artiman plays an active role in helping
their portfolio companies establish India-based operations for
low-cost, high-quality product development, quality
assurance and beta testing.
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.
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 $14 billion for more than 35
private equity funds across a wide range of investment
strategies.
For more information on Stanwich Advisors, please visit www.stanwichadvisors.com.
