|Headquarters||Redwood City, California, United States|
Bessemer Venture Partners (BVP) is the oldest venture capital firm in the United States, founded in 1911. The firm has over $5 billion under management and invests globally, operating offices in Redwood City, San Francisco, New York City, Boston, Israel, and India.
Bessemer Venture Partners is the longest-standing venture capital practice in the United States. BVP was originally formed in 1911 as a family trust, using funds from Bessemer Investment Company, in the New York City office of Henry Phipps, a co-founder of Carnegie Steel.[clarification needed] In 1974, the trust expanded beyond immediate family management and became a venture capital firm.
In 2007, BVP closed BVP VII, a $1 billion fund with $350 million earmarked for investing in India. In the same year, the firm opened an office in Israel. The firm's investments in Israel include Sisense, Wix (NASDAQ: WIX), Intucell (acquired by Cisco), Ravello (acquired by Oracle), Leaba (acquired by Cisco), and Traffix (acquired by F5), among others.
In 2011, BVP closed BVP VIII, a $1.6 billion fund that was its largest fund to date.
In 2015, BVP closed BVP IX, a $1.6 billion fund that the firm is currently investing.
As of 2017, BVP had 16 partners.
Current and former partners and investors of BVP include Bob Goodman (part owner of the Atlanta Hawks basketball team), Harvard Business School professor Felda Hardymon, and investors Adam Fisher, Ed Colloton, Byron Deeter, David Cowan, and Jeremy Levine. Additional BVP alumni include Sarah Tavel of Benchmark, Chris Dixon of Andreessen Horowitz, Ravi Mhatre co-founder of Lightspeed, and Blue Apron co-founder Matt Salzberg. Bessemer's operating partners including former Oracle CFO Jeff Epstein Lockheed Martin CTO Ray Johnson, and AT&T Business Solutions CEO Andy Geisse. Partner emeritus Chris Gabrieli is a lecturer at the Harvard Graduate School of Education and is a former candidate for Lieutenant Governor of Massachusetts. Current Bessemer investor Josh Harder is the 2018 Democratic nominee U.S. Congress in California's 10th congressional district.
BVP has helped build over 120 IPOs and 150 M&A transactions, including Yelp (NYSE: YELP), LinkedIn (NYSE: LNKD), Twitch (acquired by Amazon), Dropcam (acquired by Google), MindBody (NASDAQ: MB), Shopify (NYSE: SHOP), Twilio (NYSE: TWLO), Box (NYSE: BOX), OvaScience (NYSE: OVAS), LifeLock (acquired by Symantec), and Wandera.
The firm is also notable for publishing its "anti-portfolio," a list of all their missed investment opportunities that went on to be very successful businesses.
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