Bessemer Venture Partners

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Bessemer Venture Partners
Private
IndustryVenture capital
Founded1911
HeadquartersSan Francisco, California, United States
Websitewww.bvp.com

Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $5 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India.[1][2]

History[edit]

In 1911, Henry Phipps, a co-founder of Carnegie Steel, established Bessemer Securities as a family office.[3] In 1974, Bessemer Securities expanded beyond immediate family management and the venture capital firm, Bessemer Venture Partners, was created.[4] In 1975, Bessemer Venture Partners opened an office in Silicon Valley. In 1985, the firm opened an office in Boston and began investing in health and life sciences.[5] In 2003, Bessemer expanded its operations to India.[6] In 2007, Bessemer expanded its operations to Israel.[7] It purchased early stakes in LinkedIn, Box Inc., and Shopify Inc.[8]

In June 2018, it launched a seed fund for startups "applying machine learning to health."[9] In October 2018, the firm raised its largest fund, its tenth at $1.85 billion.[8] In November 2019, the firm raised a $525 million dollar fund for growth-stage companies.[10] As of 2019, Bessemer had fifteen investing partners.[11]

Investments[edit]

Bessemer Venture Partners invests in seed stage, early stage, and growth stage private technology companies. The firm is primarily focused on investing in the enterprise, consumer, and healthcare sectors.[12]

As of 2019, the firm had invested in over 120 IPOs, including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, PagerDuty, SendGrid, DocuSign, Wix.com, Box, Mindbody, and VeriSign.[13]

Investments cover consumer, enterprise, frontier, and healthcare around the world, including Zoom, Habana Labs, Procore, BigID, Toast, LaunchDarkly, Guild Education, Betterment, ServiceTitan, ACV Auctions, Auth0, DroneDeploy, Adaptive Insights, Velo3D, Bright Health, Playdom, Rocket Lab, Twitch, Criteo, and Zapier.

References[edit]

  1. ^ "Bessemer Venture Partners: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-05-16.
  2. ^ Miller, Ron. "Bessemer Looks Forward With New $1.6B Fund". TechCrunch. Retrieved 2017-05-16.
  3. ^ "June 16, 1911 letter of Henry Phipps". Bessemer Trust. Retrieved October 4, 2017.
  4. ^ Berry, John F.; Berry, John F. (1982-08-01). "Bessemer Trust: A Tradition of Conservative Cash Management". The Washington Post. ISSN 0190-8286. Retrieved 2017-05-16.
  5. ^ "Bessemer Venture Partners searching for space in Cambridge". Boston.com. Retrieved 2019-01-31.
  6. ^ Partners, Bessemer Venture. "Bessemer Venture Partners Expands India Team Industry Veteran Devesh Garg Named Managing Director". www.prnewswire.com. Retrieved 2017-05-16.
  7. ^ Rusli, Evelyn M. "Bessemer Venture Partners Closes $1.6 Billion Fund". DealBook. Retrieved 2017-05-16.
  8. ^ a b Roof, Katie (October 25, 2018). "Bessemer Venture Partners Raises $1.85 Billion Fund". www.wsj.com.
  9. ^ Shieber, Jonathan (June 1, 2018). "Bessemer launches a seed fund for startups applying machine learning to health". www.techcrunch.com.
  10. ^ ""Bessemer raises first fund for later-stage tech start-ups"". Financial Times. 2019-10-08. Retrieved 2020-01-28.
  11. ^ "Team · Bessemer Venture Partners — BVP". www.bvp.com. Retrieved 2019-01-31.
  12. ^ "Bessemer Venture Partners Appoints Five Investing Partners". Wall Street Journal. 2013-01-24. ISSN 0099-9660. Retrieved 2017-05-16.
  13. ^ "Bessemer Venture Partners - Exits | crunchbase". www.crunchbase.com. Retrieved 2017-05-16.