10/01/2019 | Press release | Distributed by Public on 10/01/2019 09:56
William Blair acted as the exclusive financial advisor to Bessemer Venture Partners (BVP) in connection with its growth equity investment in Beyond Pricing. The transaction announced on September 26, 2019.
About the Companies
Bessemer Venture Partners is the world's most experienced early-stage venture capital firm, with a portfolio of more than 200 companies, including Pinterest, Betterment, Smule, Rocket Lab, Procore, PagerDuty, Intercom, Fiverr, ServiceTitan, Toast, and Bright Health. Bessemer partners early with visionary entrepreneurs and supports them throughout every stage of their growth, primarily focusing on consumer, enterprise, healthcare, and frontier technology companies. The firm has backed more than 120 IPOs, including Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, SendGrid, DocuSign, Wix, and MindBody. Bessemer's 14 partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India.
Beyond Pricing is the leading dynamic pricing solution for the short term rental industry. The company utilizes over 10 billion proprietary data points to deliver automated pricing recommendations to help maximize revenue and occupancy for independent property owners, managers and developers. The company was co-founded in 2014 by Ian McHenry, CEO, and David Kelso, CTO and has 50 employees based in two offices in San Francisco, California and Lisbon, Portugal.