For Bessemer Venture Partners 2012 Proved a Banner Year: Highlights Include Five IPOs, Major M&A Exits, and 20 New Investments
18 January 2013 - 5:45AM
Marketwired
Bessemer Venture Partners, a top venture capital firm backing great
entrepreneurs who lead transformative startups and other high
growth companies, ended 2012 on a high note counting five IPOs and
a number of major M&A exits. The partnership, known for
investing early in innovators such as Endeca, LinkedIn, Yelp and
Pinterest, also made 20 new investments this year.
2012 IPOs With 5 IPOs, BVP earned a spot
among the top three VCs for total IPOs in 2012, according to the
NVCA. These include:
- Eloqua (NASDAQ: ELOQ) went public in August. BVP invested in
2007. Oracle recently announced the acquisition of Eloqua for $871
million plus company cash.
- Lifelock (NYSE: LOCK) went public in October. BVP was the first
institutional investor, leading the Series A and participating in
each later round. At the time of IPO, BVP was the largest
shareholder in Lifelock and remains so today.
- Millennial Media (NASDAQ: MM) went public in March. BVP seeded
the company, co-led the Series A and participated in each later
round, sharing the role of largest shareholder.
- Verastem (NASDAQ: VSTM) went public in January. BVP co-led the
Series A financing and participated in each later round.
- Yelp (NYSE: YELP) Yelp went public in March. BVP was the first
institutional investor, investing in 2005 and securing a stake as
the largest shareholder. The firm remains the largest shareholder
today.
2012 M&A Highlights In 2012, BVP
realized venture returns through a number of major M&A exits.
Highlights include:
- Stromedix was acquired by Biogen in March for $75 million
upfront, plus up to $487.5 million in milestone based payments. BVP
backed the company in multiple rounds.
- OMGPop was acquired by Zynga in March for $178 million. BVP was
an early investor.
- Summit Microelectronics was acquired by Qualcomm in June for an
undisclosed sum. BVP participated in a number of the rounds of
financing.
- SelectMinds was acquired in September by Oracle for an
undisclosed sum. BVP was the first and only venture investor in the
Series A round. There were no further rounds.
- Truaxis was acquired by Mastercard in September for an
undisclosed amount. BVP incubated the company in its offices, then
led and participated in their later financing rounds as the largest
shareholder.
- Traffix Systems was acquired by F5 Networks for $135 million in
February, less than six months after BVP's October 2011 investment
in the series B round. BVP was the largest shareholder.
2012 Investments BVP made 20 new
investments in 2012, and a number of other follow-on investments.
Highlights include:
- ClearSlide, Inc., sales communications platform that helps
sales professionals to be more strategic and effective in their
presentations, emails, and in-person meetings
- Health Essentials Holdings, Inc., provider of post-acute care
management services
- Liazon Corporation, online private benefit exchange platform
for small and medium sized businesses MyHeritage Ltd., online
application for researching and building family trees
- SendGrid, Inc., cloud-based email infrastructure relieves
businesses of the cost and complexity of maintaining custom email
systems
- Thinking Phone Networks, provider of cloud-based communications
services to corporate customers
- Twitch.tv, the world's largest video platform and community for
gamers
- Xtime, leading cloud-based Customer Relationship Management
(CRM) and scheduling platform for the automotive service
industry
- Zapier Inc., enables the integration of different web apps
- 42Floors, Inc., online marketplace for commercial real
estate
2012 follow-on investments include Box, Criteo, Fiverr, Twilio,
Tilera and Pinterest, in which BVP led the Series A and remains the
largest shareholder.
Industry Distinction BVP's investment team
was recognized within the industry for their outstanding
performance and expertise. Forbes named BVP partners David Cowan,
Rob Chandra, Byron Deeter, Bob Goodman, and Jeremy Levine to the
prestigious Midas List of Top 100 Tech Investors (2012). And, Bob
Goodman, G. Felda Hardymon, and Jeremy Levine were named to the
AlwaysOn 2012 Venture Capital 100 list, while AlwaysOn named David
Cowan and Byron Deeter as 2012 Power Players in the Cloud and
listed Bob Goodman and David Cowan as Mobile Power Players of
2012.
BVP has 45 active investment professionals, focused on
identifying investment opportunities in start-ups in the Cloud
Computing, Education Technology, Healthcare IT and Services,
Infrastructure 2.0, Israel, India and Emerging Markets, Mobile,
Online Retail and Trusted Internet sectors. In 2013, the firm will
continue to invest in these and other areas, teaming with
exceptional management teams and fostering the growth of BVP
portfolio companies.
BVP's track record is exceptional for its longevity, success and
breadth across multiple partners in a mix of sectors, stages and
geographies. The firm's investments range from $100,000 angel
investments to $50 million hyper-growth deals, in 15 countries from
six global offices. The success of 2012 follows a strong 2011, in
which the firm benefited from early investments in LinkedIn,
Cornerstone OnDemand and Endeca, among other exits, and raised a
$1.6B global venture capital fund.
About Bessemer Venture Partners With $4
billion under active management, Bessemer Venture Partners (BVP) is
a global venture capital firm with offices in Silicon Valley,
Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel.
BVP delivers a broad platform in venture capital spanning
industries, geographies, and stages of company growth. From Staples
to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped
incubate and support companies that have anchored significant
shifts in the economy. More than 100 BVP-funded companies have gone
public on exchanges in North America, Europe, and Asia. See
www.bvp.com or follow BVP on Twitter @bessemervp
Contact: Tiffany Spencer Bessemer Venture Partners Email Contact
650-853-7000
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