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Bessemer Venture Partners Expanding Growth Stage Team Across Europe

Reported by Pulse 2.0
Sep 28, 2023· 2 min read
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Key Takeaways
  • • Bessemer Venture Partners appointed Justina Chung as Vice President to lead expansion and growth-stage European SaaS investments, strengthening the firm's London-based team alongside existing investors Aditya Nidmarti and partner Alex Ferrara.
  • • Chung brings significant institutional experience from SoftBank Vision Fund, where she managed technology investments across Europe and Israel and served on boards of Jobandtalent, Vestiaire Collective, and Atom Learning, plus prior investment banking roles at Goldman Sachs and Credit Suisse.
  • • Bessemer's European footprint has grown substantially since its first investment in 2004, with 13 of the firm's 26 partners having backed companies in the region across 50+ investments, and an official London office established in fall 2021.
  • • The expansion reflects a strategic shift to broaden Bessemer's European capabilities beyond its traditional seed and Series A focus while maintaining early-stage backing for companies that have reshaped industries, including Skype, TeamViewer, Pipedrive, and Zopa.
Summary
Bessemer Venture Partners has expanded its European growth-stage investment capabilities by appointing Justina Chung as Vice President focused on expansion and growth-stage SaaS investments. Chung joins the London-based team, which now includes investor Aditya Nidmarti and partner Alex Ferrara, positioning Bessemer to pursue later-stage opportunities across the European technology landscape.

Chung's appointment brings substantial institutional experience to the role. Previously, she served as Vice President at SoftBank Vision Fund, where she focused on technology investments across Europe and Israel. During her tenure at SoftBank, she sat on the boards of Jobandtalent, Vestiaire Collective, and Atom Learning, and participated in investments in companies including Trendyol, CMR Surgical, and Sorare. Before joining SoftBank, Chung held investment banking positions at Goldman Sachs (London and Hong Kong) and Credit Suisse (Hong Kong), and began her career as an analyst at Kabouter Management LLC.

Bessemer's European presence has matured significantly since entering the region nearly two decades ago. The firm made its first European investment in 2004 and has since grown to include 13 of its 26 partners who have backed companies in the region, with more than 50 investments deployed across Europe. The firm formally established its London office in fall 2021 to strengthen proximity to European founders and technology hubs. The expansion strategy maintains Bessemer's traditional early-stage positioning—continuing seed and Series A investments—while adding growth-stage capacity through Chung's appointment.

Bessemer's European portfolio reflects the firm's track record across multiple industries and stages. Portfolio companies include Skype, TeamViewer, Pipedrive, Zopa, NewVoiceMedia, Vertice, Upvest, Peptone, Eye Security, Choco, Apron, and ANYbotics, demonstrating breadth across SaaS, marketplace, and technology-enabled infrastructure sectors. The addition of growth-stage focus under Chung's leadership enables the firm to extend relationships with maturing portfolio companies and capture expansion-stage opportunities in Europe's competitive venture ecosystem.

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Pulse 2.0 Bessemer Venture Partners Expanding Growth Stage Team Across Europe