Bessemer Venture Partners

Bessemer traces its origins to a family office established in 1911, making it one of the oldest continuously operating venture organisations in the United States.

It is known publicly for its cloud software research and for its anti-portfolio — a page listing the companies it declined to invest in, which is unusually candid for the industry.

The firm publishes detailed roadmaps for the categories it invests in, and its cloud benchmarking work is widely used by founders as a standard reference for software metrics.

Healthcare and infrastructure are substantial practices alongside its better-known cloud franchise.

• Sector roadmaps published before active investing in a category
• Separate funds by stage and by geography
• Leads rounds and takes board seats
• Extensive published benchmarking for software companies
• Long institutional memory across market cycles

Shopify · LinkedIn · Twilio · Pinterest · Wix · Toast · Auth0 · PagerDuty

Byron Deeter leads much of its cloud practice and authors its widely circulated software benchmarking work. Jeremy Levine led its Pinterest and LinkedIn investments.

The firm's published cloud benchmarks are worth reading before any conversation, because they indicate exactly which metrics it will examine.

Its anti-portfolio is a useful signal of institutional culture — a firm willing to publish its misses tends to be straightforward about its reasoning.