Bessemer Venture Partners (Bessemer) is an American

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm. The firm has over $19 billion under management and invests globally, with offices in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

, Redwood City,

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

Boston Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

India India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

, and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

. Bessemer has funded technology companies including

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Yelp Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publish crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San F ...

, Wix,

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, Procore, DocuSign,

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, Canva, Twilio,

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, Discord, Box, Mindbody, Lifelock,

RocketLab Rocket Lab is a public American aerospace manufacturer and launch service provider, with a New Zealand subsidiary. The company operates lightweight Electron orbital rockets, which provide dedicated launches for small satellites. Rocket Lab also ...

, Bright Health Group, Pager Duty,

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Toast, Inc. Toast, Inc. is a cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system. History Toast's founders—Steve Fredet ...

, and Blue Apron.

History

In 1911, Henry Phipps, a co-founder of Carnegie Steel, established Bessemer Securities as a family office. In 1974, Bessemer Securities expanded beyond immediate family management and the venture capital firm, Bessemer Venture Partners, was created. In 1975, Bessemer Venture Partners opened an office in

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo Count ...

. In 1985, the firm opened an office in Boston and began investing in health and life sciences. In 2003, Bessemer expanded its operations to India. In 2007, Bessemer expanded its operations to Israel. It purchased early stakes in LinkedIn, Box Inc., and Shopify Inc. In October 2018, in partnership with Nasdaq, the company created the BVP Nasdaq Emerging Cloud Index and in September 2019 WisdomTree Investments launched WCLD, an ETF based on the index. In June 2018, it launched a seed fund for startups "applying machine learning to health." In October 2018, the firm raised its tenth fund at $1.85 billion. In November 2019, the firm raised a $525 million dollar fund for growth-stage companies. In February 2021, the firm raised $3.3 billion for early stage and growth stage investments. As of February 2021, Bessemer operates with 21 partners and 45 investors.

Investments

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. Bessemer has been part of over 125

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in the last 50 years.

References

{{Private equity and venture capital Companies based in Menlo Park, California Venture capital firms of the United States Financial services companies established in 1911 1911 establishments in New York (state) Companies based in New Jersey