Investors and Board
Benchmark is an early stage venture capital firm focusing on Social, Mobile, Local, and Cloud companies that disrupt various industries. Founded in 1995, the firm has offices in Menlo Park and San Francisco, California. Since its founding, Benchmark has invested in more than 250 early stage startups with a market value exceeding $100 billion. Investments have included eBay, Juniper Networks, MySQL, OpenTable, Yelp, Inc., Zillow, Friendster, JAMDAT, Instagram, Hortonworks, Dropbox, Uber, Twitter, Zipcar, Asana, Quora, Gaikai, Demandforce, and DOMO.
Index Ventures is a leading global venture capital firm active in technology and biotechnology investing since 1996. From their offices in Geneva, London, and San Francisco, they love to discover and support the most entrepreneurial teams wherever they are looking to build market-defining, global businesses.
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With approximately $13 billion in committed capital, NEA invests in information technology, healthcare, and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 175 portfolio company IPOs and more than 300 acquisitions.
Shay Banon, Founder and CEO
Software Developer, Creator of Elasticsearch.
Steven Schuurman, Founder
Steven Schuurman was one of the four co-founders of Elastic, serving as CEO for the first five years of Elastic. Before Elastic, Steven was CEO of Orange11, which was acquired by Trifork A/S (TRIFOR.CO) in 2012. Prior to Orange11, Steven co-founded the internationally renowned open source software vendor SpringSource, one of the most successful open source companies in history. SpringSource is the world's leading Enterprise Java middleware company, and was acquired by VMware (VMW) in 2009.
Betsey Nelson, Board Member
Betsey is an experienced public company CFO and board member with a passion for helping entrepreneurs scale their operations and build great companies. She currently serves on the boards of Nokia, Pandora Media, and Zendesk, and earlier helped Ancestry.com and SuccessFactors go public. Betsey spent ten years at Macromedia where she was responsible for leading the finance and ops teams as EVP and CFO, and began her career at Hewlett Packard. Betsey earned her MBA in Finance from the Wharton School at the University of Pennsylvania, and her BS magna cum laude from Georgetown University.
Peter Fenton, General Partner, Benchmark Capital
Peter Fenton joined Benchmark Capital in 2006 after spending seven years as a partner with Accel Partners. His current investments include DotCloud, EngineYard, Hortonworks, Lithium, New Relic, Pentaho, Polyvore, Twitter, Yelp, Zendesk, and Zuora. Among his previous investments were Coremetrics (acquired by IBM), FriendFeed (acquired by Facebook), JBoss (acquired by Red Hat), Reactivity (acquired by Cisco), SpringSource (acquired by VMware), Terracotta (acquired by Software AG), Wily Technology (acquired by CA), Xensource (acquired by Citrix), and Zimbra (acquired by Yahoo!). Peter has an MBA from Stanford Business School and BA from Stanford University.
Mike Volpi, Partner, Index Ventures
Mike Volpi joined Index Ventures in July 2009. He is a Partner in the San Francisco office, focusing on investments in Enterprise Software and Consumer Internet companies. He also contributes to the firm's later stage growth fund, and currently serves on the boards of Path, Sonos, Lookout, Hortonworks, Soundcloud, Big Switch Networks, Zuora, Foodily, Storsimple, and Ericsson (NASDAQ: ERIC). Mike was previously a Director of Cloud.com (now part of Citrix). Prior to Index, Mike was at a Cisco. He was Senior Vice President & General Manager of the Routing and Service Provider Technology Group, where he led Cisco's business for the Service Provider market, and was also responsible for all of Cisco's routing and access products. In 2007, this was an $11 billion business for Cisco. Mike also served as the company's Chief Strategy Officer, where he was responsible for Cisco's corporate strategy as well as business development, strategic alliances, advanced internet projects, legal services, and government affairs. He has an MS and BS in Mechanical Engineering from Stanford University and an MBA from the Stanford Graduate School of Business.
Chetan Puttagunta, General Partner, New Enterprise Associates (NEA)
Chetan joined NEA in 2011 and focuses on enterprise software. His investments at NEA include MuleSoft, Elastic, MongoDB, Acquia, Reltio, Placester, Heap, Sentry, Swiftype, Forter, ScoutRFP, Canopy, and Folloze. He was previously involved with Gaikai (acquired by Sony). Prior to joining NEA, Chetan was an investor with H.I.G. Capital's Leveraged Buyout Group and a technology investment banker with Houlihan Lokey. Chetan earned his BS in Electrical Engineering from Stanford University.
In Memoriam: Harry Weller, General Partner, New Enterprise Associates (NEA)
Harry's inspiration and contributions to Elastic will have a lasting effect on the company. He is dearly missed. Harry led the June 2014 $70 million Series C funding and was an integral part of Elastic's Board of Directors. Harry Weller led NEA's east coast, early stage investing practice and was a founder of NEA's China organization.