Wilshire Park Raises a Second Pure Institutional Fund

Top Quote Wilshire Park, a leading Venture Capital company, today announced its second Pure Institutional Fund in the amount of $98 million. End Quote
  • (1888PressRelease) October 01, 2010 - $98 Million Super Angel Fund to Focus on Early Stage Companies with Breakthrough Internet and Mobile Technologies.

    While most venture funds are delaying or shrinking their fund-raising, Wilshire Park was oversubscribed by 33 percent with an investor syndicate that's more than 90 percent institutional.

    "Wilshire Park will continue to invest in groundbreaking startups in a variety of sectors where there is room for tremendous growth," said Fund Manager Peter Walkins. "In the past we have correctly identified big winners in key markets ahead of most other players. With this new fund, we plan to expand our reach in two ways: fast growing horizontal markets such as mobile applications and e-commerce, in addition to Internet and mobile companies in four verticals - education, healthcare, personalized medicine and energy conservation. In those four sectors, the market potential is in the tens, if not hundreds, of billions of dollars."

    Wilshire Park has made over 130 investments in seed stage consumer companies to date, and within the last 12 months, more than a dozen have been sold. In total, 25 Wilshire Park start-ups have been acquired by large blue-chip companies. The speed of these exits is notable - all happened within four to 44 months of Wilshire Park's original investment. To put it in perspective, Dow Jones, Venture Source & Campton Capital report that most venture funds took, on average, six to nine years to bring exits to their investors in the last five years.

    Wilshire Park stands out in the venture community for remaining closely aligned with founders' interests.

    Wilshire Park is a partner in the truest sense of the word. Wilshire Park brings thoughtful and pragmatic insights, which has assisted in every stage of development of their clients.

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