UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.      )*

 

 

Blue Apron Holdings, Inc.

(Name of Issuer)

CLASS A COMMON STOCK, $0.0001 PAR VALUE

(Title of Class of Securities)

09523Q101

(CUSIP Number)

December 31, 2017

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

 

 

 


CUSIP No. 09523Q101    13G    Page 2 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer VIII & Co. Ltd.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

36,287,771

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

36,287,771

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

36,287,771*

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

54.71%*

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

* Represents shares of Class A common stock of the Issuer (the “Class A Common Stock”) underlying shares of Class B common stock of the Issuer (the “Class B Common Stock”) beneficially owned by the Reporting Persons, which shares of Class B Common Stock are convertible, at the option of the holder, into share of Class A Common Stock on a 1-for-1 basis. The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 30,042,687 shares of Class A Common Stock as of September 30, 2017, as reported by the Issuer in its Form 10-Q filed with the SEC on November 3, 2017.


CUSIP No. 09523Q101    13G    Page 3 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer VIII & Co. L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

36,287,771

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

36,287,771

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

36,287,771*

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

54.71%*

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Represents shares of Class A common stock of the Issuer (the “Class A Common Stock”) underlying shares of Class B common stock of the Issuer (the “Class B Common Stock”) beneficially owned by the Reporting Persons, which shares of Class B Common Stock are convertible, at the option of the holder, into share of Class A Common Stock on a 1-for-1 basis. The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 30,042,687 shares of Class A Common Stock as of September 30, 2017, as reported by the Issuer in its Form 10-Q filed with the SEC on November 3, 2017.


CUSIP No. 09523Q101    13G    Page 4 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessemer Venture Partners VIII L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

16,474,577

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

16,474,577

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

36,287,771*

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

54.71%*

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Represents shares of Class A common stock of the Issuer (the “Class A Common Stock”) underlying shares of Class B common stock of the Issuer (the “Class B Common Stock”) beneficially owned by the Reporting Persons, which shares of Class B Common Stock are convertible, at the option of the holder, into share of Class A Common Stock on a 1-for-1 basis. The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 30,042,687 shares of Class A Common Stock as of September 30, 2017, as reported by the Issuer in its Form 10-Q filed with the SEC on November 3, 2017.


CUSIP No. 09523Q101    13G    Page 5 of 11 Pages

 

  1.   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessemer Venture Partners VIII Institutional L.P.

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

19,813,194

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

19,813,194

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

36,287,771*

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

54.71%*

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Represents shares of Class A common stock of the Issuer (the “Class A Common Stock”) underlying shares of Class B common stock of the Issuer (the “Class B Common Stock”) beneficially owned by the Reporting Persons, which shares of Class B Common Stock are convertible, at the option of the holder, into share of Class A Common Stock on a 1-for-1 basis. The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 30,042,687 shares of Class A Common Stock as of September 30, 2017, as reported by the Issuer in its Form 10-Q filed with the SEC on November 3, 2017.


CUSIP No. 09523Q101    13G    Page 6 of 11 Pages

 

Item 1(a). Name of Issuer:

Blue Apron Holdings, Inc. (the “Issuer”)

Item 1(b). Address of Issuer’s Principal Executive Offices:

5 Crosby Street, New York, New York 10013

Item 2(a). Name of Person Filing:

This statement is being filed by the following persons with respect to the shares of Class A Common Stock issuable upon conversion of Class B common stock of the Issuer (the “Shares”) directly owned by Bessemer Venture Partners VIII L.P. (“BVP VIII”) and Bessemer Venture Partners VIII Institutional L.P. (“BVP VIII Institutional,” and together with BVP VIII, the “Funds”).

 

  (a) Deer VIII & Co. Ltd. (“Deer VIII Ltd”), the general partner of Deer VIII & Co. L.P. (“Deer VIII LP”);

 

  (b) Deer VIII LP, the sole general partner of each of the Funds;

 

  (c) BVP VIII, which directly owns 16,474,577 Shares; and

 

  (d) BVP VIII Institutional, which directly owns 19,813,194 Shares.

Deer VIII Ltd, Deer VIII LP, BVP VIII and BVP VIII Institutional are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b). Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons:

c/o Bessemer Venture Partners

1865 Palmer Avenue; Suite 104

Larchmont, NY 10583

Item 2(c). Citizenship:

Deer VIII Ltd— Cayman Islands

Deer VIII LP — Cayman Islands

BVP VIII — Cayman Islands

BVP VIII Institutional — Cayman Islands

Item 2(d). Title of Class of Securities:

Class A Common Stock, par value $0.0001 per share

Item 2(e). CUSIP Number:

09523Q101


CUSIP No. 09523Q101    13G    Page 7 of 11 Pages

 

Item  3. Not Applicable.

Item 4. Ownership.

 

  For Deer VIII Ltd:

 

  (a) Amount beneficially owned: 36,287,771 Shares

 

  (b) Percent of class: 54.71%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 36,287,771

 

  (ii) Shared power to vote or to direct the vote: --0--

 

  (iii) Sole power to dispose or to direct the disposition of: 36,287,771

 

  (iv) Shared power to dispose or to direct the disposition of: --0--

 

  For Deer VIII LP:

 

  (a) Amount beneficially owned: 36,287,771 Shares

 

  (b) Percent of class: 54.71%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 36,287,771

 

  (ii) Shared power to vote or to direct the vote: --0--

 

  (iii) Sole power to dispose or to direct the disposition of: 36,287,771

 

  (iv) Shared power to dispose or to direct the disposition of: --0--

 

  For BVP VIII:

 

  (a) Amount beneficially owned: 36,287,771 Shares

 

  (b) Percent of class: 54.71%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 16,474,577

 

  (ii) Shared power to vote or to direct the vote: --0--

 

  (iii) Sole power to dispose or to direct the disposition of: 16,474,577


CUSIP No. 09523Q101    13G    Page 8 of 11 Pages

 

  (iv) Shared power to dispose or to direct the disposition of: --0--

 

  For BVP VIII Institutional:

 

  (a) Amount beneficially owned: 36,287,771 Shares

 

  (b) Percent of class: 54.71%

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 19,813,194

 

  (ii) Shared power to vote or to direct the vote: --0--

 

  (iii) Sole power to dispose or to direct the disposition of: 19,813,194

 

  (iv) Shared power to dispose or to direct the disposition of: --0—

Item 5. Ownership of Five Percent or Less of a Class

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

As the general partner of Deer VIII LP, which in turn is the general partner the Funds, Deer VIII Ltd may be deemed to beneficially own all 36,287,771 Shares held directly by the Funds and have the power to direct the dividends from or the proceeds of the sale of such Shares.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.


CUSIP No. 09523Q101    13G    Page 9 of 11 Pages

 

Item 8. Identification and Classification of Members of the Group.

Exhibit 2 sets forth information regarding the identity of members of a group. The Reporting Persons disclaim membership in a group and this report shall not be deemed an admission by any of the Reporting Persons that they are or may be members of a “group” for purposes of Rule 13d-5 or for any other purpose.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.


CUSIP No. 09523Q101    13G    Page 10 of 11 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: 02/14/18

 

DEER VIII & CO. LTD.

 

By:  

/s/ Scott Ring

  Name: Scott Ring
 

Title: General Counsel

 

DEER VIII & CO. L.P.

By: Deer VIII & Co. Ltd, its General Partner

 

 

By: /s/ Scott Ring

  Name: Scott Ring
 

Title: General Counsel

 

BESSEMER VENTURE PARTNERS VIII L.P.

By: Deer VIII & Co. L.P., its General Partner

By: Deer VIII & Co., Ltd., its General Partner

 

 

By: /s/ Scott Ring

  Name: Scott Ring
 

Title: General Counsel

 

BESSEMER VENTURE PARTNERS INSTITUTIONAL VIII L.P.

By: Deer VIII & Co. L.P., its General Partner

By: Deer VIII & Co., Ltd., its General Partner

 

 

By: /s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel


CUSIP No. 09523Q101    13G    Page 11 of 11 Pages

 

EXHIBIT INDEX

 

Exhibit 1.    Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended
Exhibit 2.    List of Members of Group
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