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Menlo Park, CA [September 18, 2023] – BGV, the Silicon Valley-based cross-border venture capital platform, proudly announces that BGV France has received formal authorization as a Portfolio Management Company by the AMF (Autorité des Marchés Financiers).
This authorization, issued under the number GP-20230015 with effect on July 7, 2023, confirms that BGV France’s proposed program of activity is in full compliance with AMF rules and regulations. The recognition stands as a testament to the professional maturity and integrity of BGV’s management systems and processes for the administration of their funds.
Central to BGV’s ethos is its unique cross-border investment strategy. Stemming from immigrant origins, BGV partners have a direct and deep-seated understanding of the challenges faced by immigrant founders. The firm’s strategy enables BGV to identify promising, capital-efficient startups from innovation hubs outside of Silicon Valley and assist them in scaling within the U.S. market. Remarkably, some 80% of BGV’s portfolio companies originate from outside Silicon Valley, underscoring the team’s commitment to global innovation. With a portfolio representing businesses in the US, Israel, Europe, and India, BGV occupies a central plank in the French-US innovation corridor, which is further strengthened by the AMF Certification.
French native Eric Benhamou, Founder and General Partner at BGV, stated, “Our expertise in building AI-first startups, well before the global trend surged, brought us to our unique thesis, which sits at the intersection of Enterprise 4.0 technology companies and cross border innovation. We’re not just investors; we’re hands on managers with a dedicated thesis on AI, and we work closely with our teams to help them navigate this dynamic innovation landscape. As a result, this AMF Certification brings us one step closer to our French and European investors and entrepreneurs, and demonstrably advances our cross border strategy to capitalize on the region’s transformative potential.”
The significance of the AMF certification is twofold. First, the AMF certification is expected to offer additional assurance to institutional investors more acquainted with the AMF regime than the FINRA (US) system. Second, this milestone reinforces BGV’s strategic intent to establish a firmer presence in Europe, and to deepen its connection with the French Tech Ecosystem. Given BGV’s intimate understanding of the French landscape and its new office in the Paris Region, the firm acts as a bridge to Silicon Valley innovation, and should lower the barrier to entry for French venture capitalists who wish to participate in the global AI innovation wave.
Sarah Benhamou will lead the BGV France “Portfolio Management Company” as President, and is expected to double the size of its team over the next three years, as part of BGV’s strategic expansion. Messrs. Eric Buatois and Eric Benhamou, General Partners at BGV, will serve as the company’s managers. All three will also serve on the company’s Investment Committee.
BGV remains dedicated to its unique investment thesis centered on Enterprise 4.0, focusing on B2B startups that leverage advanced technologies such as artificial intelligence. With this recent development, BGV solidifies its commitment to driving innovation and creating a lasting impact in global markets.
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About BGV:
BGV is a venture capital firm with deep Silicon Valley roots, focusing exclusively on global Enterprise 4.0 technology innovation. The partnership sources companies from innovation hubs worldwide and deploys both financial and human capital from the seed stage to IPO. With offices in Menlo Park, Tel Aviv, Paris, and Bangalore, BGV exemplifies cross-border venture investing, with a portfolio representing businesses in the US, Israel, Europe, and India.
For media inquiries and further information, please contact:
Sarah Benhamou
President of BGV France
