Bessemer Venture Partners selects Standard Metrics as its centralized platform for portfolio data
Bessemer Venture Partners backs entrepreneurs from the earliest stages, through IPO and beyond. In the last 50 years, the firm has been part of 145 IPOs. Its portfolio has included household names such as Pinterest, Shopify, Twilio, Yelp, and LinkedIn. Today the firm has 23 investing partners and 300 portfolio companies globally.
The Bessemer team sought a solution that would help improve operational efficiency by automating data collection and structuring, while also simplifying data sharing for its portfolio companies.
“Standard Metrics’ SaaS solution has the ability to create a network effect that will reduce the burden on our portfolio companies who are structuring data across multiple investor requests. This is something that stood out to us about the platform,” said Augie Wilkinson, Director of Portfolio Monitoring and Analysis at Bessemer.
With the Standard Metrics platform, Bessemer’s portfolio companies will be able to structure updates once and push them to multiple investors.
Once implemented, the Bessemer team will leverage centralized, comparable portfolio data to deliver strategic insights that up the alpha in their existing investments.
“We are absolutely thrilled to be supporting Bessemer Venture Partners,” said John Melas-Kyriazi, co-founder and CEO of Standard Metrics. “We have always admired the way that Bessemer gives back to the technology community by sharing their investment insights and industry knowledge. We’re proud to become their source of truth for portfolio data.”
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $20 billion of assets under management.
About Standard Metrics
Standard Metrics provides a collaboration platform for investors and their portfolio companies. VC firms such as a16z, Paradigm, Bond Capital, March Capital and 8VC use Standard Metrics to collect financial and operational metrics from their portfolio companies. Data collection and structuring is automated. Standardized, auditable metrics are delivered to VC back office teams for easy analysis. On the company side of the platform, startup teams save time by structuring updates once and pushing them to multiple investors.
Delivering investment insights just got easier
CFOs and COOs use Standard Metrics to collect the highest quality and volume of portfolio data in the shortest amount of time. Back office teams analyze standardized, auditable metrics to deliver insights that up the alpha with existing investments.
We love creating back office heroes.