Thursday, September 28, 2017
OCV Partners Gets $200M, And Hemi Zucker, For Investment Efforts
Los Angeles-based venture capital investor OCV Partners has received $200M from j2 Global--and added outgoing j2 Global CEO Hemi Zucker--to ramp up its investments in technology companies. The little known venture capital investor says it invests between $5M and $40M in companies in the information technology, retail platforms, media & telecommunications, defense, life sciences & healthcare, and clean technology areas. According to OCV, it has been making investments in companies with revenue tractio of 2+ million with "unique intellectual property", in life sciences and healthcare companies with "regulatory traction" and substantiated scientific results. j2 said that it is using OCV Partners to invest in promising businesses and technologies that were not a fit with j2's public company environment.