BlackBerry Partners Fund manager ATP Capital has re-branded itself as Relay Ventures and announced a new $150 million fund that will be focused in investments into the mobile space.
Relay, which also manages JLA Ventures and Clairmont Capital, said the re-branding move was designed to unify its operations and provides clarity on its intentions as an “early stage venture investor.” The VC firm noted that it has raised more than $800 million through its various arms.
The new mobile fund is tied to the kick off of the BlackBerry Partners Fund II that will continue as an “independently managed, platform agnostic, early stage venture fund with a singular focus on mobile computing.” Canadian institutional investment firm Northleaf Capital Partners is the lead investor int he new fund, with additional assets provided by Corus Entertainment, Thomson Reuters and Research In Motion.
“We are one of the most active investors in mobile computing, with over 32 investments of which six have already been acquired,” explained John Albright, co-managing partner at Relay Ventures, in a statement. “Our continued specialization and focus on the rapidly growing and advancing mobile industry has been well received by our LPs, almost all of which returned for this new fund.“
The BlackBerry Fund announced a previous reorganization in late 2010, having initially been founded in 2008.
As part of its latest move, Relay also announced it has opened a new office in Menlo Park, Calif., which is home to about half of its investments made to date. Heading up the new office will be co-managing partner Kevin Talbot, who will be joined by former Woodside Fund partner John Occhipinti.
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