BV Capital

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Summary

BV Capital is a venture capital firm with an early stage investment approach in the markets of consumer internet and mobile. BV Capital was founded 1997 in Santa Barbara (today, its headquarters are located in San Francisco) and has since grown to invest in five different regions worldwide.

History

BV Capital was founded 1997 by Jan Henric Buettner[1] along with co-founders Thomas Gieselmann, Mathias Schilling and Wolfgang Rose. Jan had previously built up the multimedia companies Computel, Videotel and AOL Europe.[2] He came to Santa Barbara in 1997 and started investing from their first office along with his small team. Out of Santa Barbara, BV Capital invested in internet companies, among them GotomyPC (Expertcity), which was acquired by Citrix in 2003. Along with raising its second fund, BV Capital moved its offices to San Francisco in 2001. Investments of its second fund include Sonos, nCircle, Angie's List, MrTed, Peanutlabs, Vuze and Yume. BV Capital also established an office in Hamburg, Germany to oversee their investments in Western Europe. Its third fund was raised in 2007 and is oriented on more global investments. Besides their former focus on the US and Western Europe, BV Capital added Eastern Europe, Asia and Brazil to its radar. Among the investments of BV’s 4th generation of funds are Bluekai, Groupon (Citydeal), Xango, Infinity Venture Partners, 9flats, KaufDa, QPod, Darberry, Pulse News, Sapato, Eucalyptus (computing), Ixtens and others.

Investment thesis

BV Capital invests in early stage companies in the consumer internet and mobile market. Investing through several funds worldwide, BV Capital has made investments in North America, South America (Brazil), Western Europe (Germany, France, UK), Eastern Europe (Ukraine, Russia) and Asia (China, Japan). Their management team is spread globally, but works together closely with the same incentives for each partner in any deal. This ensures a joint focus on supporting all their portfolio companies wherever needed. BV Capital’s global network helps startups seize opportunities for international funding, sourcing, business development, etc.

Portfolio

  • US: Groupon,[3] Angie’s List,[4] betaworks, Eucalyptus Systems, AppFolio, Bluekai, YuMe, Sonos,[5] Pulse News, Ixtens, Higear, K2 Network, Playhaven, nCircle, NGINX, Recurly[6]
  • Western and Eastern Europe: 9flats.com, myfab, experteer, mydeco, Vicampo, Mapia, address.ua, Sapato, Fastlane, Teamo, Farfetch[7]
  • Asia: Dragonmeet, Goyoo, Moca Groupon Japan, Rekoo, TX
  • Brazil: Groupo Xango, shoes4you[8]
  • Exits: Himedia, Speakeasy, Shopping.com, Expertcity, eGroups, Nuvomedia, Del.icio.us, Fotolog, Peanutlabs, KaufDa, Citideal, Darberry, Qpod

References

  1. ↑ "Profile Jan Henric Buettner". 
  2. ↑ "Los Angeles Times". 
  3. ↑ "Techcrunch". 
  4. ↑ "Angie's List Gets $35 Million in New Investment". 
  5. ↑ "Sonos Confirms $25 Million Investment". 
  6. ↑ "Subscription Billings Startup Recurly Raises $6 Million". 
  7. ↑ "Online Marketplace For Designer Fashion Boutiques FarFetch Raises $18M". 
  8. ↑ "Redpoint And Accel Back Brazil’s Online Subscription E-Commerce Site Shoes4You". 
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