LARCHMONT, NY--(Marketwire - Jun 26, 2012) - [ Bessemer Venture Partners (BVP), ] a global [ venture capital firm, ] today announced the promotion of Ambar Bhattacharyya to vice president.

"Ambar has been a valuable asset to our healthcare team, and I am pleased to announce his well-deserved promotion," said BVP partner Ed Colloton. "We look forward to continuing to work with Ambar as we build upon the success of the group and support entrepreneurs who will create companies that will drive progress in this important sector."

Ambar Bhattacharyya is based out of Bessemer's Cambridge, MA office. He focuses on investments in early- and growth-stage healthcare companies and has been closely involved in Bessemer's investments in [ Verastem ](NASDAQ: [ VSTM ]), [ OvaScience ], [ Liazon ], Fractyl Laboratories, and [ Accuvein ]. He is also actively involved in BVP's investments in [ Cerulean ] and [ Oxagen ]. Prior to joining Bessemer, Ambar worked as an associate at Bain Capital Ventures. There, he helped make investments in companies such as Ameritox, Accelecare, LinkedIn (NYSE: [ LNKD ]), iPay Technologies (acq. by Jack Henry), TargetSpot, and VMLogix (acq. by Citrix). Before Bain Capital, Ambar was the assistant to the CEO at MinuteClinic, a company that runs health clinics staffed by nurse practitioners inside retail settings and was acquired by CVS. Ambar holds an MBA with distinction from Harvard Business School and a B.S. in economics and a B.A. in psychology from the University of Pennsylvania, where he graduated magna cum laude. For a complete biography please use the following [ link ].

Bessemer has invested in healthcare-related companies for more than two decades. The team has a diversity of industry experience, backing developers of innovative therapeutics, providers of healthcare services and suppliers of healthcare information technology and has worked successfully with entrepreneurs at Vistacare, Allscripts, IPC The Hospitalist Company, Travcorps and NetSmart. Bessemer's current portfolio includes Liazon, GetInsured.com, Medi Assist, Nephroplus, Verastem and OvaScience. For more information on Bessemer's healthcare team please use the following [ link ]. 

In the first half of 2012, eight of Bessemer's portfolio companies have had successful exits: Yelp, Millennial Media, Stromedix, Verastem, OMGPOP, Traffix, Summit Microelectronics and eEye. The firm currently manages over $4 billion in assets.

About Bessemer Venture Partners
 Bessemer Venture Partners is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai and Herzliya, Israel. One of the oldest venture capital practices in the United States, BVP has partnered as an active, hands-on investor in Yelp, LinkedIn, Skype, Ciena, Celtel, Blue Nile, Staples and VeriSign. More than 100 BVP-funded companies have gone public on exchanges in Canada, India, the U.K. and the United States. Learn more at [ www.bvp.com ] and [ www.bvp.com/india ].

This document is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation of any offer to buy, limited partner interests in any funds managed by BVP.