ATP Capital, which manages JLA Ventures, Clairmont Capital, and BlackBerry Partners Fund, has announced that it is rebranding as Relay Ventures. It's also announced the commencement of the BlackBerry Partners Fund II, a $150 million fund that will be an "independently managed, platform-agnostic, early-stage venture fund with a singular focus on mobile computing."
“This re-branding initiative finally unifies the three brands that we’ve been operating under and the more than $800MM in capital that we’ve raised,” says Kevin Talbot, Co-Managing Partner of Relay Ventures. “Our new brand brings unity and clarity to our mandate as an early stage venture investor.”
“We are one of the most active investors in mobile computing, with over 32 investments of which six have already been acquired,” says John Albright, Co-Managing Partner of Relay Ventures. “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 new BlackBerry fund’s lead investor is Northleaf Capital Partners, one of Canada’s largest institutional investors, along with corporate limited partners including Corus Entertainment, Thomson Reuters, and Research In Motion.
Relay Ventures has also opened an office in Silicon Valley. Joining Kevin Talbot as a partner in the new office is John Occhipinti. John was previously a partner with Woodside Fund, an early stage venture fund, where he focused on mobile and software opportunities. Prior to Woodside Fund, John was an early executive at Netscape and started his career at Oracle.