HERZLIYA, Israel--(BUSINESS WIRE)--After sustained growth and impressive success, Bessemer Venture Partners (BVP)—a $4 billion global firm backing great entrepreneurs leading transformative hyper-growth companies—is investing further in its Israeli presence, growing the investment team and moving into a newly designed office.
BVP’s Israeli office—led by BVP partner Adam Fisher—has experienced rapid growth since opening in 2007. The firm recently completed its 23rd deal with a cumulative $223M invested over eight years. The office counts six exits during that time, including three of Israel’s largest venture exits to date: Intucell (acquired by CSCO), Mellanox (MLNX) and Wix (WIX). Additional exits include Soluto (acquired by Asurion), Storwize (acquired by IBM) and Traffix (acquired by FFIV). BVP’s current Israeli portfolio includes notable names such as CloudLock, CTERA, Fiverr and Ravello.
The firm is now expanding on its success in Israel by bolstering its team on the ground. Amit Karp, a vice president from BVP’s New York office, has transferred to Israel, and the team has added new associate Netanel Meir. Amit joined BVP in 2012, where he has focused on investments in the software, mobile and digital media sectors. In addition to identifying the next leaders in these sectors, Amit works closely with existing portfolio companies including CTERA, Dynamic Yield, Fiverr and MyHeritage. Netanel joined the firm in 2014, and was previously an analyst at Vintage Investment Partners.
“Bessemer first invested in Israel in 1992, and since opening our office in 2007 our investment pace has accelerated considerably. We strongly believe in a local presence for sourcing and managing deals in Israel, and this has allowed us to invest in many of the most promising companies coming out of the country,” said Adam Fisher. “With the addition of Amit and Netanel, we are investing in continued success and building more capacity to invest in even more companies.”
As a result of the growth and success in Israel, BVP has built out a new Herzliya office. There, they will continue to consider investments in companies at all stages—from seed to growth—and across a number of sectors: software, Internet, semiconductors, storage and communications.
Recognizing that innovation knows no borders, BVP has been investing in Israel for over two decades, and is one of the few international venture capital funds with a physical presence in Israel. Learn more about BVP’s Israel opportunities at http://www.bvp.com/israel.
About Bessemer Venture Partners
Bessemer Venture Partners (BVP) invests in early-stage and hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, Cambridge, New York, Bangalore, and Herzliya. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like Pinterest, Twilio, Box, LinkedIn, Shopify, Yelp, Skype and CornerstoneOnDemand. Over 100 BVP companies have gone public—in the last three years alone, BVP has had 36 exits (IPO and M&A) and made new investments in more than 70 companies. Learn more at www.bvp.com and follow us on Twitter @BessemerVP.