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.
Transaction Highlights
- Deep relationships: BVP was attracted to William Blair’s extensive knowledge and industry experience within the hospitality and travel technology sectors, as well as strong relationships with the potential investment targets.
- Domain expertise: William Blair’s transaction team provided BVP with deep insights into Beyond Pricing’s market dynamics and valued their solutions oriented focus within the sector.
- Instrumental guidance: The transaction team worked closely with BVP to provide industry guidance to drive an outcome that satisfied all stakeholders and provided a path to future value creation for Beyond Pricing founders, management, and employees.
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.
Learn more about our technology investment banking expertise.