Bessemer Venture Partners

Bessemer Venture Partners (BVP) is an American venture capital and private equity firm headquartered in San Francisco. Outside the United States, it has offices in India, Israel and the United Kingdom. In 2022, Venture Capital Journal ranked the firm as the 8th largest venture capital firm based on total fundraising over the most recent five-year period. History In 1911, Henry Phipps Jr., a co-founder of Carnegie Steel, formed Bessemer Trust in New York to manage his family’s assets. In 1911, he spun out Bessemer Securities as a separate entity which had $20 million assets under management which invested in venture capital deals, publicly traded securities and real estate. In 1974, Bessemer Trust opened up to outside investors although Bessemer Securities still managed only the capital of the Phipps family which allowed it to pursue more aggressive and riskier investment strategies such as investing in private technology and medical companies.