Bessemer Venture Partners

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Bessemer Venture Partners
Private
IndustryPrivate equity
Founded1911
HeadquartersSan Francisco, California, United States
Websitewww.bvp.com

Bessemer Venture Partners (Bessemer) is a 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] As of 2019, Bessemer had fifteen investing partners.[8]

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.[9]

As of 2019, the firm had invested in over 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Wix.com, Box and VeriSign.[10]

Investments include Bright Health,[11] PagerDuty,[12] Playdom,[13] Pinterest,[14] Rocket Lab,[15] Snapdeal,[16] and Twitch.tv.[17]

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. ^ "Team · Bessemer Venture Partners — BVP". www.bvp.com. Retrieved 2019-01-31.
  9. ^ "Bessemer Venture Partners Appoints Five Investing Partners". Wall Street Journal. 2013-01-24. ISSN 0099-9660. Retrieved 2017-05-16.
  10. ^ "Bessemer Venture Partners - Exits | crunchbase". www.crunchbase.com. Retrieved 2017-05-16.
  11. ^ "Bright Health erhält $ 200 Mio. Risikokapitalrunde; nähert sich dem 'Einhorn'-Status". Business Journal. 2018-11-29. Retrieved 2019-03-18.
  12. ^ Konrad, Alex. "New Cloud Unicorn: PagerDuty Scores $1.3 Billion Valuation In $90 Million Round". Forbes. Retrieved 2019-03-18.
  13. ^ "New $33m investment for Playdom". GamesIndustry.biz. Retrieved 2019-03-18.
  14. ^ "Pinterest". SharesPost. Retrieved 2019-03-18.
  15. ^ Sheetz, Michael (2018-11-15). "Rocket Lab raises $140 million to fast-track business of small rockets". www.cnbc.com. Retrieved 2019-03-18.
  16. ^ Chamikutty, Preethi (2011-08-04). "SnapDeal raises $40 millon from Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partner". The Economic Times. Retrieved 2019-03-18.
  17. ^ "Twitch - Investors". Crunchbase. Retrieved 2019-03-18.