News :: Go Back ::
In an unusual move for the industry, Novus Ventures -- a VC specializing in early-stage tech investments with $110 million under management -- said today it has merged with Artemis Ventures, whose $10 million AV II Fund makes seed investments in enterprise software, communications and network infrastructure. The merged firm's moniker will be Novus Ventures.
We expect to see more such combinations, including the outright purchase of VC portfolios by larger investment groups, as VC's struggle with high portfolio maintenance costs, reduced new investment opportunities, and weak valuations on companies they wish to exit.
:: Go Back ::