|Headquarters||Menlo Park, California, United States|
Bessemer Venture Partners (BVP) is the oldest venture capital firm in the United States, founded in 1911. The firm has $4.5 billion under management and invests globally, operating offices in Menlo Park, 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. 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 has 16 partners.
Several of Bessemer's current and former partners and investors are noteworthy. These include Bob Goodman (part owner of the Atlanta Hawks basketball team), Harvard Business School Professor Felda Hardymon, and regular Forbes' Midas List investors Adam Fisher, Ed Colloton, Byron Deeter, David Cowan, and Jeremy Levine. 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 a former candidate for Lieutenant Governor of Massachusetts. Current Bessemer investor Josh Harder is a candidate for US Congress in California's district 10.
Bessemer Venture Partners invests in seed stage, early stage and growth stage private companies. The firm is primarily focused on investing in the following technology sectors: enterprise, consumer and healthcare.
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), and LifeLock (acquired by Symantec).
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.
Bessemer Venture Partners is headquartered in Menlo Park with offices in San Francisco, New York City, Boston, Herlizya, Israel, and Bangalore, India.
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