Bessemer Venture Partners Promotes Muzumdar, Tavel

Bessemer Venture Partners has promoted Abhijeet Muzumdar and Sarah Tavel to vice president. Muzumdar works in the firm’s Mumbai office, and focuses on Internet and technology start-ups and financial services companies. Tavel is based out of Bessemer’s Menlo Park, Calif., office and focuses on the software and Internet sectors. She has worked on investments in Pinterest, Metalogix, Yodle and Onestop, among others.

PRESS RELEASE
MENLO PARK, Calif., Jan 09, 2012 (BUSINESS WIRE) — Bessemer Venture Partners (BVP), a global venture capital firm, today announced the promotions of Abhijeet Muzumdar and Sarah Tavel to vice president.

“We are very pleased to announce these well deserved promotions,” BVP partner Ed Colloton said. “The strength of Bessemer rests with our people and our shared commitment to helping entrepreneurs build world class companies.”

“Abhijeet and Sarah are both tremendous talents and valuable contributors to our investment team, and we look forward to their ongoing contributions as BVP continues to look for innovative companies and talented entrepreneurs,” added Colloton.

Muzumdar works with Bessemer India in the Mumbai office. He focuses on internet & technology start-ups and financial services companies and has been closely involved with a number of investments including BharatMatrimony.com, Snapdeal.com, Home First Finance Company and Dhanlaxmi Bank. Prior to joining Bessemer India, Muzumdar was at Edelweiss Capital, where he worked in the investment banking team. Before Edelweiss, he worked in New York for the UBS investment banking team and KPMG’s corporate finance team. Muzumdar holds a Bachelors of Commerce degree from Narsee Monjee College of Commerce & Economics and an MBA from Adelphi University’s Hagedorn School of Business. He also holds a Masters of Commerce from the University of Mumbai. For a complete biography please use the following link.

Tavel is based out of Bessemer’s Menlo Park office, having previously worked in the firm’s Larchmont, NY office. She focuses on the software and Internet sectors and is closely involved with investments in Pinterest, Metalogix, Yodle, Onestop, Convertro, MindBody,Intego and KupiVIP. Tavel was also involved in several companies where BVP has already realized exits, including Cornerstone onDemand (IPO), Quidsi (acquired by Amazon), OLX (acquired by Naspers) and CPower (acquired by Constellation Energy). Prior to joining Bessemer, Tavel was a consultant for The Kerdan Group, a strategy-consulting firm, where she focused on the pharmaceutical and medical-device industries. Prior to Kerdan, she ran a general contracting business, which she founded while in college. She earned a degree in philosophy cum laude from Harvard University. For a complete biography please use the following link.

In April 2011, Bessemer announced the closing of Bessemer Venture Partners VIII, a $1.6 billion venture capital fund that will sustain the firm’s focus on investing in and partnering with innovative, high-growth companies across multiple industries and geographies. In 2011 eight of Bessemer’s portfolio companies had successful exits: Cornerstone OnDemand, Endeca, Goal.com, Hunch, LinkedIn, Quidsi, Tripwire and Vertica. The firm currently manages over $4 billion in assets.

About Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai and Herzliya, Israel. One of the oldest venture capital practices in the United States, BVP has partnered as an active, hands-on investor in Ciena, LinkedIn, Celtel, Blue Nile, Skype, Staples, VeriSign and Yelp. More than 100 BVP-funded companies have gone public on exchanges in Canada, India, the U.K. and the United States. Learn more at www.bvp.com and www.bvp.com/india .

This document is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation of any offer to buy, limited partner interests in any funds managed by BVP.