[August 25, 2015]

Bessemer Venture Partners Promotes Eric Ahlgren to Vice President

Bessemer Venture Partners (BVP), a $4 billion venture global capital firm, announced that Eric Ahlgren has been promoted to Vice President. In his new role, Eric will continue to identify entrepreneurial opportunities in promising technology startups.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150825005284/en/

Eric Ahlgren, Vice President at Bessemer Venture Partners (Photo: Business Wire)

Since joining BVP in 2013, Eric has focused his investments on data infrastructure, cloud computing and consumer services, being heavily involved in the firm's investments in Hadapt (acquired by Teradata), Infinio Systems, OneCloud Labs, Xtime (acquired by Cox (News - Alert) Automotive), nToggle, Club W, Scratch and others.

"Having worked with Eric for severa years, I've come to know him to be a wonderful contributor for BVP. He is smart and fact driven, works hard and has developed a ton of expertise," said Felda Hardymon, Partner at Bessemer Venture Partners. "He doesn't shy away from hard questions and he's always ready with an insightful answer, which makes him a natural fit for our culture and an excellent resource for the entrepreneurs we work with."

Prior to joining Bessemer, Eric worked in finance as an investor at Summit Partners and an investment banker at Bear Stearns. At Summit, Eric sourced and executed growth equity and buyout investments in rapidly growing technology-enabled consumer and business services companies, including Snap Fitness (acquired by TZP Capital), Central Security Group, Vivint and Vivint Solar (NYSE: VSLR). Eric also worked alongside an experienced founding team to help launch Summit Partners Credit Advisors, a business addressing the borrowing needs of growing middle-market companies, which has since raised over $1.5 billion in its first two funds. Earlier, Eric focused on the financial institutions sectors for Bear Stearns. Eric holds an MBA from MIT Sloan School of Management and a BA in English from Colgate University.

Follow Eric on Twitter (News - Alert) @e_ahlgren or connect with him on LinkedIn.

About Bessemer Venture Partners

Bessemer Venture Partners (BVP) invests in early-stage and hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, San Francisco, Cambridge, New York, Bangalore and Herzliya. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like Pinterest, Twilio, Box, LinkedIn, Shopify, Yelp (News - Alert), Skype and CornerstoneOnDemand. Over 100 BVP companies have gone public - in the last three years alone, BVP has had 46 exits (IPO and M&A) and made new investments in more than 85 companies. Learn more at www.bvp.com and follow us on Twitter @BessemerVP.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150825005284/en/

[ Back To TMCnet.com's Homepage ]