Van Wagoner Ventures Acquires Silicon Valley Venture Group and its predecessor Silicon Valley Associates

SAN FRANCISCO, July 25, 2017 /PRNewswire/ -- Van Wagoner Ventures, General Partner of the Van Wagoner Crossover III Transportation Infrastructure Fund has acquired Silicon Valley Venture Group and its predecessor Silicon Valley Associates in an all equity transaction.  Garrett Van Wagoner, Managing Member of Van Wagoner Ventures stated, "We have had several Partnerships and Funds with different names managed by our team that have been causing some channel conflict as we go to market with our third Fund.  We decided it was best to consolidate the management of all Fund assets under one brand, Van Wagoner Ventures."

Currently, Van Wagoner Ventures is marketing its VW Crossover Fund III Transportation Infrastructure to institutions and individuals interested in the rapid transformation of the global transportation grid.  "The goal of the Fund is to be the leading financier in transformative technology solutions revolutionizing the global transportation infrastructure.  This ecosystem is about to embark on fundamental changes over the next five years that will outpace the change of the last 50.  Our investments are in innovative companies with proven technologies whose products are in market.  Our expansion investment allows these breakthrough solutions the capital needed to reach their potential," added Van Wagoner.

Rick McGlone, MD of Sales and Marketing for VW Ventures said, "We have had strong interest in the Fund among both ultra high net worth individuals as well as institutional investors.  We have been delighted with our prospects awareness of the changes coming in the transportation sector of the economy and expect a first close by Labor Day with our initial target of $200 million to be reached by year end."

For more information please visit us at www.vwcm.com.

SOURCE Van Wagoner Ventures