It was founded in 1998 in Santa Barbara, California and has since grown to invest in four different regions worldwide: United States, Europe, Asia and Latin America.

The firm has its headquarters in San Francisco, California, with additional offices in Berlin and Hamburg, Germany; Paris, France; London, United Kingdom; Tokyo, Japan; Taipei, Taiwan and São Paulo, Brazil.

[2] It was founded by Jan Henric Buettner,[3] the former CEO and Wolfgang Rose, the former CTO of AOL Europe and was subsequently established in Santa Barbara, California.

In 2000, Jan Henric Buettner, alongside Wolfgang Rose, Mathias Schilling, and Thomas Gieselmann, founded BV Capital.

[citation needed] The new fund moved from Santa Barbara to San Francisco and invested in internet companies, among them GoToMyPC (ExpertCity), which was acquired by Citrix in 2003,[6] or ONElist, which merged with eGroups[7] and got sold to Yahoo.