SGVC Raises a New $50 Million Venture Fund
Previous investors in SGVC included former Microsoft senior VP Mich Mathews and the rapper Pitbull
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Formerly of Deutsche Bank's private banking arm, Mr. Frances founded the early stage venture capital firm SGVC in 2012 with Russian-American billionaire Sergey Grishin. Mr. Grishin is the founding partner of the RosEvro Group, a Russia-based holding company. Messrs. Frances and Grishin previously founded advisory firm SG LLC.
In 2016 Mr. Frances raised a little over $50 million for the firm’s second venture fund. Former global chief marketing officer of Microsoft Mich Matthews and head of digital marketing at T-Mobile Nicholas Drake joined the fund's board. Rapper Pitbull was among the fund’s investors.