Phoenix Venture Partners (PVP) is a Series A/B fund that focuses on advanced materials and this often has applications in optics or clean technology. PVP is in the final stages of raising its 3rd fund. The firm operates using a partnership model where the companies they help fund have joint development agreements, for example, with large Multinational Corps such as 3M or Pfizer. This helps the startup companies focus on real-world products and specifications and gets them additional non-dilutive funding that is typically equal to what is provided by PVP directly. Frank serves as a General Partner with PVP.