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 startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...

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

San Francisco San Francisco (; Spanish for " 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 fourth most populous in California and 17t ...

, Redwood City,

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

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 List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

, 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 Shopify, Twitch,

LinkedIn LinkedIn () is an American business and employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job se ...

, Pinterest, Yelp,

Wix Wix may refer to: Computing * WiX (Windows Installer XML Toolset), a software toolset * Wix.com, an Israeli software company providing cloud-based web development services Places * Wix, Essex Wix is a village and civil parish in the Tendring ...

Skype Skype () is a proprietary telecommunications application operated by Skype Technologies, a division of Microsoft, best known for VoIP-based videotelephony, videoconferencing and voice calls. It also has instant messaging, file transfer, debi ...

, Procore,

DocuSign DocuSign, Inc. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on dif ...

, Bumble, Canva,

Twilio Twilio () is an American company based in San Francisco, California, which provides programmable communication tools for making and receiving phone calls, sending and receiving text messages, and performing other communication functions using i ...

, Diapers.com,

Periscope A periscope is an instrument for observation over, around or through an object, obstacle or condition that prevents direct line-of-sight observation from an observer's current position. In its simplest form, it consists of an outer case with ...

, Fiverr, Discord, Box, Mindbody,

Lifelock LifeLock Inc. is an American identity theft protection company based in Tempe, Arizona. LifeLock's system monitors for identity theft, the use of personal information, and credit score changes. LifeLock was acquired by computer security comp ...

, RocketLab, Bright Health Group, Pager Duty, Piazza,

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 Cou ...

. 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 IPOs 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