Year In Review

To our founders, leaders, and friends

As we navigate another year of immense change together, 2021 has shown us how uncertainty and progress can co-exist. This past year has shined a spotlight on radically different ways of how we connect with one another, control our health decisions, purchase goods, and even travel to space. We’re humbled and inspired to be part of our founders’ stories and reflect on a momentous year for our companies.

From early days to IPO

It all started with a memo

We took a trip down memory lane with our founders and CEOs to reflect on our partnership and journey together.

Toast takes on the US restaurant industry: Memo to IPO

Procore: Breaking new ground to IPO

DISCO: Transforming the legal sector

ACV Auctions: From Memo to Exit

Looking back at 2021

Three new funds. We closed our global $2.475 billion BVP XI fund focused on early-stage companies, a $825 million Century II fund designed for growth-stage companies, and our first dedicated $220 million India fund to back the next generation of innovators in the country.

A new endeavor. We extended our reach with the debut of BVP Forge, a growth buyout platform to support companies that don’t fit the traditional venture model, led by our newest partner Rob Arditi.

A growing partnership. We expanded our leadership team with the promotion of five new partners – Mary D’Onofrio, Michael Droesch, Tess Hatch, Andrew Hedin, and Anant Vidur Puri – and brought on our partner Rob Arditi and first-ever CMO Shannon Brayton. We also welcomed our first investors on the ground in the UK.

IPOs

Public Listings

M&As

Highlights and news from a few of our companies

Atlas offers perspectives and venture insights that matter to founders and builders in the tech ecosystem.

Alloy raises $100M at a $1.35 valuation

Auth0 acquired by Okta for $6.5B

Canva raises at a $40 billion valuation

Firebolt raises $37M to take on Snowflake, Amazon, and Google

GlossGenius ‘business in a box’ for the beauty and wellness industry

Headspace and Ginger merge to form Headspace Health

The rise of Hibob - becoming the next category leader for HRIS

Analytics market leader Imply raises $70M Series C

LaunchDarkly triples valuation

Real estate marketing software provider raises $25.9M in a Bessemer-led Series B

Netlify’s $105M Series D to fuel Jamstack-focused web development

Optibus’ $107 million Series C - The future of smart cities begins with smarter transportation

Papaya Global quadruples valuation

ServiceTitan’s acquires Aspire and hits $9.5B valuation

Sila gives a powerful boost to lithium-ion batteries

Shopmonkey raises $75M to help auto repair shops streamline their business

Building a top NFT gaming platform for global football fans

Truebill launches personal finance app

Vector.ai’s productivity platform for freight forwarders raises $15M A round led by Bessemer

Xanadu lands $100 million as investments pour into quantum computing

E-commerce marketing startup Yotpo raises $230M at $1.4B valuation

Foundations for the future

Innovation begins wherever a founder decides to build. The cloud economy serves as the backbone for the new emerging tech communities across the globe as startup teams have more flexibility and agency than ever before.

Transformation in times of transition

Reese Witherspoon, Rachel Carlson, and Chris Comparato discuss how technology is enabling entertainment, education, and hospitality to come back, stronger than ever.

State of the Cloud 2021

Our team analyzes cloud economy milestones, what's driving cloud valuations, and the frameworks helping accelerate go-to-market momentum.

Building in a Brave New World

Melanie Perkins, Ara Mahdessian, and Larry Fitzgerald Jr. open up about how they’ve weathered the past two years and the optimism and wisdom they’ve gained to make an impact.

Scaling to $100M

The definitive benchmarking report on how cloud companies grow operationally efficient businesses and scale to $100 million in ARR - and beyond.

Roadmaps

Our investors share their deep thinking and roadmaps derived from what they’ve learned working alongside leaders and category-defining companies.

Consumer distribution

The next era of Internet giants is on the horizon — Partner Talia Goldberg explains the two necessary ingredients for growing these businesses to massive scale.

Deep tech

Partners David Cowan and Tess Hatch explain how they invest in companies to advance the fields of Aerospace, Quantum Computing and Sustainable Agriculture.

Supply chain software

Partner Mike Droesch discusses how supply chain digitization is enabling a new wave of data infrastructure, workflow automation, and collaboration platforms.

Drugs in a virtual world

Partner Andrew Hedin shares how an emerging class of startups now has the opportunity to revamp clinical trials as digitization becomes an urgent priority within the pharma industry.

Cyber security

Partners Alex Ferrara and Amit Karp dive into the three key investment areas they recognize within the ever-evolving cybersecurity market.

Data infrastructure

The modern cloud data stack is undergoing massive construction. Partner Ethan Kurzweil explores how the future of software will be defined by the accessibility and use of data.