Bertram Capital raises $100M more, for rollup strategy

July 9, 2007 | Matt Marshall

Bertram Capital, a Palo Alto venture firm, has boosted the size of its first fund by $100 million, adding to the $250 fund it raised last year — in an effort to pump more money into companies so that they can grow by acquiring other companies.

The news was reported by VentureWire today (subscription required). Bertram raised its first fund last year.

According to the report:

Rather than spread its capital across a dozen or so companies, as was the original plan, Bertram has decided to focus on just six companies, using those operations as platforms to build bigger operations via acquisitions….”It’s no secret,” [founder Jeff Drazan] said. “The people that make the most money are the ones that make concentrated investments and make sure they are spectacular.”

The firm has made three investments so far, including in Author Solutions and Power Distribution.

Next Story: Intalio, business process management software co., restarts with $2.3M
Previous Story: Highland Capital launches $300M consumer VC fund

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.