Bessemer Venture Partners
Bessemer Venture Partners
Private Ownership
Industry Venture Capital
Founded 1911
Headquarters Menlo Park, California, United States
Website www.bvp.com

Bessemer Venture Partners (BVP) is an American global venture capital firm founded in 1911. The firm has $4.5 billion under management and operates offices in Menlo Park, San Francisco, New York City, Boston, Israel, and India.[1]

History

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.[2] In 1974, the trust expanded beyond immediate family management and became a venture capital firm.[3]

In 2003, BVP expanded its operations to India with the opening of an office in Bangalore.[4] The firm's investments in India include Snapdeal[5] and UrbanClap.[6]

In 2007, BVP closed BVP VII, a $1 billion fund with $350 million earmarked for investing in India.[7] In the same year, the firm opened an office in Israel.[8] 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.[9]

In 2011, BVP closed BVP VIII, a $1.6 billion fund that was its largest fund to date.[10]

In 2015, BVP closed BVP IX, a $1.6 billion fund that the firm is currently investing.[11]

As of 2017, BVP has 13 partners.[12]

Investments

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.[13]

BVP has helped build over 100 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).[14]

Geographies

Bessemer Venture Partners is headquartered in Menlo Park with offices in San Francisco, New York City, Boston, Herlizya, Israel, and Bangalore, India.[15]

References

  1. ^ "Bessemer Venture Partners: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved . 
  2. ^ "June 16, 1911 letter of Henry Phipps". Bessemer Trust. Retrieved 2017. 
  3. ^ Berry, John F.; Berry, John F. (1982-08-01). "Bessemer Trust: A Tradition of Conservative Cash Management". The Washington Post. ISSN 0190-8286. Retrieved . 
  4. ^ Partners, Bessemer Venture. "Bessemer Venture Partners Expands India Team Industry Veteran Devesh Garg Named Managing Director". www.prnewswire.com. Retrieved . 
  5. ^ "Snapdeal | crunchbase". www.crunchbase.com. Retrieved . 
  6. ^ Shu, Catherine. "UrbanClap, India's Largest Services Marketplace, Fetches $25 Million Series B". TechCrunch. Retrieved . 
  7. ^ Buckman, Rebecca (2007-07-19). "Bessemer to Lift India Investment". Wall Street Journal. ISSN 0099-9660. Retrieved . 
  8. ^ Rusli, Evelyn M. "Bessemer Venture Partners Closes $1.6 Billion Fund". DealBook. Retrieved . 
  9. ^ "Bessemer Venture Partners - Exits | crunchbase". www.crunchbase.com. Retrieved . 
  10. ^ Rusli, Evelyn M. "Bessemer Venture Partners Closes $1.6 Billion Fund". DealBook. Retrieved . 
  11. ^ Miller, Ron. "Bessemer Looks Forward With New $1.6B Fund". TechCrunch. Retrieved . 
  12. ^ "Meet the Bessemer Venture Partners Team". Bessemer Venture Partners. 2015-10-02. Retrieved . 
  13. ^ "Bessemer Venture Partners Appoints Five Investing Partners". Wall Street Journal. 2013-01-24. ISSN 0099-9660. Retrieved . 
  14. ^ "Bessemer Venture Partners - Exits | crunchbase". www.crunchbase.com. Retrieved . 
  15. ^ Miller, Ron. "Bessemer Looks Forward With New $1.6B Fund". TechCrunch. Retrieved . 

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


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