KPG Ventures, a venture capital firm specializing in seed stage consumer Internet companies, on Wednesday
announced its second fund, KPG II. Though the company did not disclose the size of the fund, it did say it is similar to their first fund, which totaled $20 million.
KPG, founded by Inktomi Corp.'s former head of network products Vince Vannelli (pictured), focuses on investments in Internet video advertising, real-time group interaction for entertainment, media consumption and social media. The San Francisco-based firm has had two exits this year: AOL LLC acquired contextual content search provider
Sphere Source Inc. for around $25 million in April and BT Group plc acquired Internet telephony company
Ribbit for $105 million in July.
-- David ShabelmanSee press release from KPG Ventures
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