ATV Launches $800M FundATV Launches $800M Fund

PALO ALTO, Calif., and WALTHAM, Mass. -- Advanced Technology Ventures (ATV), a leading bi-coastal, early-stage venture capital firm, announces the closing of ATV VII, an$800 million venture capital fund. As with its prior funds, ATV will invest this new capital in early-stage technology companies focused in the communications, Internet infrastructure, software, and healthcare markets primarily in the United States, with select investments in Canada, Europe and Israel. The new fund is double the size of ATV VI and represents the firm's largest fund to date, bringing the firm's total assets under management to $1.5 billion. "While the climate for raising new venture capital funds has deteriorated substantially over the past year, we are very gratified by the enthusiastic response to our new fund among the institutional investor community. We received excellent support from our current investors, with more than 90 percent returning to the new fund. In addition, a number of new, high-quality investors have joined and represent approximately 40 percent of Fund VII," said ATV General Partner Jos Henkens. "The commitments from both our existing and new limited partners serve as strong validation of the value of our hands-on investment philosophy and history of success." Advanced Technology Ventures