Eric Ahlgren, Bessemer Venture Partners
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Bessemer promotes Ahlgren to VP

Bessemer Venture Partners has promoted Eric Ahlgren to vice president. Ahlgren has been with BVP since 2013. Prior to joining the company, Ahlgren worked at Summit Partners and Bear Stearns.

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Hightower grabs new funding

New York City-based commercial leasing management platform Hightower has secured an undisclosed amount of funding, the company announced in a blog post on its site. The investors included Newmark Grubb Knight Frank Corp; Barry Sternlicht, CEO of Starwood Capital; and Bill Rudin, CEO of Rudin Management Company. Among Hightower’s previous backers are Bessemer Venture Partners, Thrive Capital and RRE Ventures.

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KKR leads $45 mln round for DoubleDutch

Mobile app event company DoubleDutch has raised $45 million in funding. KKR led the round with participation from other investors that included Bessemer Venture Partners and Index Ventures.

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Photography startup Light inks $25 mln

Photography startup Light has raised $25 million in Series B funding. Formation 8 led the round with participation from other investors that included StepStone Group LP, Bessemer Venture Partners, CrunchFund and CRV.

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BrightBytes racks up $33 mln Series C

San Francisco-based BrightBytes, a educational research and analysis provider, has raised $33 million in Series C funding. Insight Venture Partners led the round with participation from Bessemer Venture Partners, Rethink Education and Learn Capital. In conjunction with the funding, Nick Sinai of Insight Venture Partners has been added to BrightBytes’ board of directors.

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Shopping app Scratch picks up $3.6 mln seed

Shopping app Scratch has raised $3.6 million in seed funding. Bessemer Venture Partners led the round with participation from other investors that included NextView Ventures, Red Swan Ventures and Blue Apron CEO Matt Salzberg.

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SimplyInsured takes in $5.9 mln Series A

San Francisco-based SimplyInsured, a small business health insurance marketplace and administrative platform, has raised $5.9 million in Series A funding. The investors included Polaris Partners, Bessemer Venture Partners, Altair.VC and Corazon Capital. Also, Gary Swart of Polaris Venture Partners has been added to SimplyInsured’s board of directors.

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Distil picks up $21 mln in BVP-led round

Distil Networks, a provider of bot detection and mitigation solutions, has raised $21 million in Series B funding. Bessemer Venture Partners led the round with participation from Foundry, TechStars, ff Venture Capital, Idea Fund and Correlation Ventures. In addition to the funding, David Cowan, partner at BVP and co-founder of VeriSign, Good Technology and Defense.net, has been added to Distil’s board of directors.

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Promus Ventures leads Series B round for Spire

Data solutions provider Spire has secured $40 million in Series B funding. Promus Ventures led the round with participation from Bessemer Venture Partners, Jump Capital, RRE Ventures and Lemnos Labs. In addition to the funding, Mike Collett, founder and managing director of Promus Ventures, has been appointed to Spire’s board of directors.

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Adaptive Insights raises $75 mln in late-stage round

Palo Alto, Calif.-base Adaptive Insights announced it has raised $75 million in a Series G round of funding from new investor JMI Equity, along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures and Information Venture Partners. The company has now raised more than $176 million in total funding, including a $45 million round two years ago.

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Auth0 nets $9.3 mln in BVP-led round

Bellevue, Washington-based Auth0, a universal identity platform, has secured $9.3 million in funding. Bessemer Venture Partners led the round with participation from other investors that included K9 Ventures. In addition to the funding, Sunil Nagaraj of Bessemer Venture Partners has been appointed to Auth0’s board.

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Bessemer promotes Shen to VP

Bessemer Venture Partners, which invests from a $1.6 billion fund it raised in February, has promoted Kristina Shen from investment professional to vice president.

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ServiceTitan grabs $18 mln Series A

Los Angeles-based ServiceTitan, a cloud-based software platform for home service businesses, has raised $18 million in Series A funding.Bessemer Venture Partners led the round.

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Homesuite picks up $2.3 mln

Furnished rental platform Homesuite has raised $2.3 million in seed funding. Battery Ventures, Bessemer Venture Partners and Foundation Capital led the round.

umair-akeel.web version
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Former Eloqua chief architect joins Bessemer

Umair Akeel, the onetime chief architect of Eloqua during its IPO and subsequent acquisition by Oracle, has joined Bessemer Venture Partners as CTO in residence (CTO-IR) and operating partner. Akeel will serve as a tech resource for all Bessemer portfolio companies and help the firm analyze trends and products worldwide. Bessemer was an investor in Eloqua and Trigo Technologies, Akeel’s previous company in which he was a software engineer and then a senior architect at IBM following its acquisition of Trigo. Bessemer in February wrapped up its ninth fund with $1.6 billion in commitments.

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