Bessemer Venture Partners

In 1911, Henry Phipps, a co-founder of Carnegie Steel, established Bessemer Securities as a family office.[3] In 1974, Bessemer Securities expanded beyond immediate family management and the venture capital firm, Bessemer Venture Partners, was created.[4] In 1975, Bessemer Venture Partners opened an office in Silicon Valley. In 1985, the firm opened an office in Boston and began investing in health and life sciences.[5] In 2003, Bessemer expanded its operations to India.[6] In 2007, Bessemer expanded its operations to Israel.[7] It purchased early stakes in LinkedIn, Box Inc., and Shopify Inc.[8]

In June 2018, it launched a seed fund for startups "applying machine learning to health."[9] In October 2018, the firm raised its largest fund, its tenth at $1.85 billion.[8] In November 2019, the firm raised a $525 million dollar fund for growth-stage companies.[10] As of 2019, Bessemer had fifteen investing partners.[11]

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.[12]

As of 2019, the firm had invested in over 120 IPOs, including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, PagerDuty, SendGrid, DocuSign, Wix.com, Box, Mindbody, and VeriSign.[13]

Investments cover consumer, enterprise, frontier, and healthcare around the world, including Zoom, Habana Labs, Procore, BigID, Toast, LaunchDarkly, Guild Education, Betterment, ServiceTitan, ACV Auctions, Auth0, DroneDeploy, Adaptive Insights, Velo3D, Bright Health, Playdom, Rocket Lab, Twitch, Criteo, and Zapier.