The venture capital firm’s 10th fund, BVP X, will allow it to continue investing in companies at all stages of their growth
Bessemer Venture Partners (BVP), one of the world’s most experienced early-stage venture capital firms, today announced a new $1.85 billion fund: BVP X. With this new fund, Bessemer will continue to invest in early-stage (seed, Series A and Series B) technology companies and support them at every stage of their growth.
Bessemer’s 14 partners will carry on the tradition of investing as one fund from its offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India, and support companies with investments of all sizes from $50,000 to $100 million. The firm will invest in their areas of expertise and experience spanning consumer, enterprise to healthcare and software to hardware, transforming existing industries and creating revolutionary ones.
The Bessemer partnership has a long track record of helping entrepreneurs lay strong foundations to create enduring companies. From LinkedIn to Yelp and Skype, Bessemer has advised 122 companies from their early days to their public debuts. In the last three years alone, since BVP IX’s launch in 2015, nine Bessemer-backed companies have gone public with multi-billion-dollar valuations, including Shopify, Twilio, SendGrid, DocuSign, MindBody, Box, Instructure, 2U, and Wix.
Over that same stretch, Bessemer portfolio companies that have been acquired include Lifelock by Symantec; SendGrid by Twilio (pending); Intaact by Sage; Glint by LinkedIn; PhishMe by a private equity consortium; Leaba Semiconductor by Cisco; CloudLock by Cisco; and iSight by FireEye.
Today we are fortunate to work with many industry-defining companies around the world. Among them are Pinterest, Betterment, Smule, Rocket Lab, Procore, PagerDuty, Intercom, Fiverr, ServiceTitan, Toast, and Bright Health.
Thirty percent of Bessemer’s current portfolio are companies outside the United States, reflecting the firm’s global footprint. A number of Bessemer’s recent successful investments – such as Fiverr, Wix, Intucell (Israel), Shopify (Canada), and Criteo (France) – are international. The firm will keep its global focus with BVP X and continue to bring this global exposure and experience to its portfolio companies.
Bessemer has been partnering with founders for more than a half-century. The firm’s heritage traces back to a founder of Carnegie Steel, who named the firm in honor of Henry Bessemer, a prolific 19th-century inventor who created a revolutionary process for manufacturing steel and transformed virtually every industry. With BVP X, the firm will continue to work with entrepreneurs that share Bessemer’s ambitions to make an enduring and lasting impact.
About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm, with a portfolio of more than 200 companies, including Pinterest, Betterment, Smule, Rocket Lab, Procore, PagerDuty, Intercom, Fiverr, ServiceTitan, Toast, and Bright Health. Bessemer partners early with visionary entrepreneurs and supports them throughout every stage of their growth, primarily focusing on consumer, enterprise, healthcare, and frontier technology companies. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Wix, and MindBody. Bessemer’s 14 partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India.
https://www.bvp.com/
SOURCE Bessemer Venture Partners
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