Atlanta-based cybersecurity start-up Endgame Systems has raised $29 million in a Series A round from Bessemer Ventures; Alexandria, Va.-based Columbia Capital; Menlo Park, Calif.-based Kleiner Perkins Caufield & Byers; and Atlanta-based TechOperators. The company will use the money in part to launch its cloud-based malware and botnet detection service. As part of the funding, Bessemer’s David Cowan and Columbia Capital’s Arun Gupta join Endgame’s board.
You are browsing the archive for Bessemer Venture - peHUB.
Bessemer Venture Partners has hired Jason Putorti, formerly lead designer at Mint.com, in its Menlo Park office as a Designer-in-Residence. Putorti will design websites for the firm’s portfolio companies. Press release: Bessemer Venture Partners, a global investment group, today announced that Jason Putorti, lead designer at Mint.com (now a division of Intuit), has joined the [...]
Knewton, a New York-based online education company, has raised $6 million in Series B funding. Bessemer Venture Partners led the round, and was joined by return backers Accel Partners, First Round Capital, Reid Hoffman and Peter Stern (Datek co-founder and CTO). Knewton is run by Jose Ferreira, a former partner with New Atlantic Ventures. Before that, he was managing director of new markets for Kaplan Inc.
Hunch Inc., a consumer-facing online decision engine, has raised $2 million in Series A funding, according to a regulatory filing. No VC firm names are disclosed, but the company’s board now includes Rob Stavis from Bessemer Venture Partners and Hemant Taneja from General Catalyst. Hunch founder and CEO Chris Dixon was once an associate with Bessemer. www.hunch.com
OMGPOP (f.k.a. I’minlikewithyou), a New York-based social gaming studio, has raised $5 million in Series B funding. Bessemer Venture Partners led the round, and was joined by return backers Baseline Ventures and Spark Capital. www.omgpop.com
Bessemer Venture Partners this morning announced “the closing of a $350 million supplement to its current fund.” But that’s not really true. At least not in the traditional sense.
The fund in question is Bessemer Venture Partners VII, which closed in June 2007 with approximately $1.1 billion in capital commitments. It was the first BVP fund open to institutions other than family office Bessemer Securities, although BS still took a very large stake. Too large a stake, perhaps, as the new “supplement” is mostly a transfer of unfunded capital from Bessemer Securities to other limited partners.
Bessemer Venture Partners has raised a $350 million annex fund for its seventh fund, which closed in June 2007 with more than $1 billion in capital commitments.
Bessemer Venture Partners has promoted both Stephen Kraus and Subu S.V. to the position of vice president. Kraus worked in the firm’s healthcare practice out of Wellesley, Mass., while S.V. focuses on India from the firm’s Mumbai office. The firm also has promoted Vishal Gupta to director of the India investment team.