OLX Series A investment
0 CommentsLevine joins the board of the international classified ad provider as Bessemer and three other investors contribute $10 million Series A funding.
What's this? This is an unbiased just-the-facts news timeline ('newsline') about Jeremy Levine, created by Newslines contributors. Become a contributor
Jeremy Seth Levine is a venture capitalist born in 1974. He graduated magna cum laude from Duke University with a BS in Computer Science and Economics, and worked as a business analyst at McKinsey & Co. and an associate at AEA Investors from 1995 to 1999, when he joined internet company Dash. He joined Bessemer Venture Partners in 2001 and led the company’s investments in Yelp and LinkedIn. He has also served on the boards of Pinterest.com, Wikia, GraceNote, Soap.com, Diapers.com, Onestop, Shopify, and other startups. He is married with three children, and is based in Larchmont, N.Y., and Silicon Valley.
Levine joins the board of the international classified ad provider as Bessemer and three other investors contribute $10 million Series A funding.
Levine leads Bessemer’s investment in the for-profit community-based content site, which changes its name to Wikia from Wikicities. The funding round raises $4 million from a group of VC firms, private investors and angel funds, including Marc Andreessen. Levine joins the board. Wales doesn’t disclose where the money will be spent but says it will help the site run more smoothly:
With the nonprofit organization that is supported by donations, if the Web site is slow sometimes, that just sort of tells people that it might be time to donate money. We can’t do that with Wikia, which is ad-supported. People expect it to be strong all the time, and this will help us do exactly that.
The site’s vision:
We’re extending the Wikipedia social model into other areas. We’re building communities that are in all kinds of areas. Some things like ‘Star Wars’ and ‘Star Trek,’ and geek culture type of stuff, has been successful for us. People can come and build a Web site about anything.
Levine joins the board of Yelp as a director, leading Bessemer’s investment in its Series B funding round for a reported $5 million. Bessemer is Yelp’s first institutional investor.
Levine leads Bessemer’s investment in SWSoft, the virtualization and cloud software provider’s parent company. The funding round is reported to add $12.4 million to the company from Bessemer, Intel Capital, and Insight Venture Partners. Levine:
We are impressed by the resurgent hosting market’s rapid growth, which is reminiscent of the environment in this sector several years ago when we made investments in Verisign, Register.com and Verio
Levine and Taqqu marry at the Tribeca Rooftop, an event space in New York. Rabbi Moshe Waldoks performs the ceremony.
Levine leads Bessemer’s investment in the vulnerability management software provider, supplying $15 million in the Series D round and joining the company’s board.
Microsoft announces that eEye has discovered serious vulnerabilities in Windows, and offers a patch to address the critical threat. Maiffret:
This is one of the most serious Microsoft vulnerabilities ever released. The breadth of systems affected is probably the largest ever. This is something that will let you get into Internet servers, internal networks, pretty much any system.
Researchers at eEye discovered the security flaws in July but agreed to keep quiet until Microsoft could repair them. Maiffret says Windows users have been vulnerable to hacks throughout the period.
Levine joins the board of the music metadata provider as Bessemer participates in the Series D funding round with other investors for a total of $13 million.
Levine works at the firm’s New York office as a partner, focusing on entrepreneurial startups and high-growth companies in industries like consumer Internet, consumer software, and business software and services. He is part of the company’s Cyber Security and Russia Opportunities team, and leads investments in North and South America, Europe and Asia.
Levine joins the internet software provider as Vice President of Operations.
Levine moves to the private equity firm as an associate, specializing in consumer-product and light industrial companies in the U.S. and Europe.
Levine works for the management consulting firm as a business analyst, working with major companies in financial services and consumer products on management and technology issues.
Levine graduates magna cum laude with a Bachelors degree in Computer Science and Economics.
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