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FinanceVenture Capital

Ex-Facebook exec Jonathan Heiliger forms new VC firm

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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January 13, 2015, 4:07 PM ET
Jonathan Heiliger, vice president of tec
Jonathan Heiliger, vice president of technical operations for Facebook, makes a presentation on Facebook's new server during the media event, "behind the Scenes" to show the latest technology powering Facebook at their headquarters in Palo Alto, California, on April 7, 2011. Heiliger said Facebook is sharing technical specifications and design documents that went into creating Facebook’s improved efficiency in data centers and servers, which benefits include a 38 percent increase in energy efficiency and 24 percent cost savings. AFP PHOTO/Kimihiro Hoshino (Photo credit should read KIMIHIRO HOSHINO/AFP/Getty Images)Photograph by Kimihiro Hoshino — AFP/Getty Images

Former Facebook (FB) executive Jonathan Heiliger is back in the venture capital game, several months after stepping down as a Silicon Valley-based partner with North Bridge Venture Partners.

Heiliger, who was known as Facebook’s “cloud fixer,” has teamed up with In Sik Rhee (ex-Rembrandt Venture Partners) to launch a U.S. affiliate of Vertex Ventures, a wholly-owned subsidiary of Singaporean sovereign wealth fund Temasek Holdings.

According to a regulatory filing, Vertex Ventures U.S. already has secured $107.5 million from three investors (of which Temasek is likely one), and word is that more is on the way. The investment strategy will be to focus on enterprise apps and web infrastructure, with plenty of capital left over for the large follow-on deals that such companies often require.

There are no current plans to add more general partners. Heiliger declined comment, citing regulatory restrictions. His old firm, North Bridge, continues to work toward a final close on its next fund.

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By Dan Primack
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