American VC firm Bessemer Venture Partners. The company manages nearly $19 billion and makes investments worldwide, from its headquarters in San Francisco and additional offices in Redwood City, New York, Boston, Israel, India, and London. Are you also interested in knowing who is the CEO of Bessemer Venture Partners? If yes, then start reading to learn:
Shopify, Twitch, LinkedIn, Pinterest, Yelp, Wix, Procore, DocuSign, Bumble, Canva, Twilio, Diapers.com, Periscope, Fiverr, Discord, Box, Mindbody, Lifelock, RocketLab, Bright Health Group, Pager Duty, Piazza, Toast, Inc., and Blue Apron are just some of the technological businesses Bessemer has backed.
History
Bessemer Securities was started in 1911 by Henry Phipps, a co-founder of Carnegie Steel. In 1974, Bessemer Securities reached out to people outside the family business by forming a venture capital firm called Bessemer Venture Partners. Bessemer Venture Partners established a presence in the tech hub of Silicon Valley in 1975.
The company began investing in the health and life sciences in 1985 when it launched an office in Boston. Bessemer started doing business in India in 2003. To better serve its clients, Bessemer branched out to Israel in 2007. It made early investments in companies like LinkedIn, Box, and Shopify.
The business established the BVP Nasdaq Emerging Cloud Index in October 2018. In conjunction with Nasdaq in September 2019, WisdomTree Investments introduced WCLD, an exchange-traded fund tracking the index.
A seed fund for companies “using machine learning to health” was established in June 2018. The company closed its tenth fund in October 2018 for $1.85 billion. The company has a $525 million fund for developing businesses just formed in November 2019.
VTS is now the most widely-used software in commercial real estate. Congratulations to @NickRomito and Ryan Masiello and the entire team on this milestone! https://t.co/e40kjWCb5o
— Bessemer (@BessemerVP) September 6, 2022
A total of $3.3 billion was raised in February 2021 to fund investments in companies at the startup and growth stages. There are currently 21 partners and 45 investors in Bessemer as of February 2021.
Investments
Private technological companies at all stages of development are eligible for funding from Bessemer Venture Partners, from infancy to expansion. Companies, consumers, and healthcare are the primary targets of the firm’s investment activities. In the past 50 years, Bessemer has participated in over 125 initial public offerings.
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Who Is The CEO Of Bessemer Venture Partners?
The creator and current CEO of Vimo Inc. are Chini Krishnan, an operating partner at Bessemer. Chini has worked in the IT industry for over 27 years, during which time he has built and expanded the number of successful businesses.
Chini has a Master’s in Computer Science from Duke University and a Bachelor’s in Computer Science from the Indian Institute of Technology, Mumbai.
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