Sec Form 13D Filing - Deer IX & Co. Ltd. filing for Otonomo Technologies Ltd. (OTMO) - 2022-09-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Otonomo Technologies Ltd.

(Name of Issuer)

Ordinary Shares

(Class of Securities)

M7571L103

(CUSIP Number)

Bessemer Venture Partners

1865 Palmer Avenue, Suite 104

Larchmont, NY 10528

(914) 833-5300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 18, 2022

(Date of Event Which Requires Filing of Statement on Schedule 13D)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box.  ☐

 

*

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 disclosures provided in a prior cover page.

The information required on 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: M7571L103

 

  (1)    

  Name of Reporting Persons:

 

  Bessemer Venture Partners IX L.P.

  (2)    

  Check the Appropriate Box if a Member of a Group (See Instructions):

  (a)  ☐        (b)  ☒

 

  (3)    

  SEC Use Only:

 

  (4)    

  Source of Funds (See Instructions):

 

  WC

  (5)    

  Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

  ☐

  (6)    

  Citizenship or Place of Organization:

 

  Cayman Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    (7)     

  Sole Voting Power

 

  3,088,886

  (8)     

  Shared Voting Power

 

  0

  (9)     

  Sole Dispositive Power

 

  3,088,886

  (10)     

  Shared Dispositive Power

 

  0

(11)    

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  5,563,561

(12)    

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

  ☐

(13)    

  Percent of Class Represented by Amount in Row (11):

 

  4.2%*

(14)    

  Type of Reporting Person (See Instructions):

 

  PN

 

*

The percent of class was calculated based on 133,157,402 Ordinary Shares issued and outstanding as of April 1, 2022, as disclosed in the Registration Statement on Form F-1 filed with the Securities and Exchange Commission by Otonomo Technologies Ltd. on May 6, 2022.


CUSIP: M7571L103

 

  (1)    

  Name of Reporting Persons:

 

  Bessemer Venture Partners IX Institutional L.P.

  (2)    

  Check the Appropriate Box if a Member of a Group (See Instructions):

  (a)  ☐        (b)  ☒

 

  (3)    

  SEC Use Only:

 

  (4)    

  Source of Funds (See Instructions):

 

  AF

  (5)    

  Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

  ☐

  (6)    

  Citizenship or Place of Organization:

 

  Cayman Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    (7)     

  Sole Voting Power

 

  2,474,675

  (8)     

  Shared Voting Power

 

  0

  (9)     

  Sole Dispositive Power

 

  2,474,675

  (10)     

  Shared Dispositive Power

 

  0

(11)    

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  5,563,561

(12)    

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

  ☐

(13)    

  Percent of Class Represented by Amount in Row (11):

 

  4.2%*

(14)    

  Type of Reporting Person (See Instructions):

 

  PN

 

*

The percent of class was calculated based on 133,157,402 Ordinary Shares issued and outstanding as of April 1, 2022, as disclosed in the Registration Statement on Form F-1 filed with the Securities and Exchange Commission by Otonomo Technologies Ltd. on May 6, 2022.


CUSIP: M7571L103

 

  (1)    

  Name of Reporting Persons:

 

  Deer IX & Co. L.P.

  (2)    

  Check the Appropriate Box if a Member of a Group (See Instructions):

  (a)  ☐        (b)  ☒

 

  (3)    

  SEC Use Only:

 

  (4)    

  Source of Funds (See Instructions):

 

  AF

  (5)    

  Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

  ☐

  (6)    

  Citizenship or Place of Organization:

 

  Cayman Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    (7)     

  Sole Voting Power

 

  5,563,561

  (8)     

  Shared Voting Power

 

  0

  (9)     

  Sole Dispositive Power

 

  5,563,561

  (10)     

  Shared Dispositive Power

 

  0

(11)    

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  5,563,561

(12)    

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

  ☐

(13)    

  Percent of Class Represented by Amount in Row (11):

 

  4.2%*

(14)    

  Type of Reporting Person (See Instructions):

 

  PN

 

*

The percent of class was calculated based on 133,157,402 Ordinary Shares issued and outstanding as of April 1, 2022, as disclosed in the Registration Statement on Form F-1 fil ed with the Securities and Exchange Commission by Otonomo Technologies Ltd. on May 6, 2022.


CUSIP: M7571L103

 

  (1)    

  Name of Reporting Persons:

 

  Deer IX & Co. Ltd.

  (2)    

  Check the Appropriate Box if a Member of a Group (See Instructions):

  (a)  ☐        (b)  ☒

 

  (3)    

  SEC Use Only:

 

  (4)    

  Source of Funds (See Instructions):

 

  AF

  (5)    

  Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

 

  ☐

  (6)    

  Citizenship or Place of Organization:

 

  Cayman Islands

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    (7)     

  Sole Voting Power

 

  5,563,561

  (8)     

  Shared Voting Power

 

  0

  (9)     

  Sole Dispositive Power

 

  5,563,561

  (10)     

  Shared Dispositive Power

 

  0

(11)    

  Aggregate Amount Beneficially Owned by Each Reporting Person:

 

  5,563,561

(12)    

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

  ☐

(13)    

  Percent of Class Represented by Amount in Row (11):

 

  4.2%*

(14)    

  Type of Reporting Person (See Instructions):

 

  CO

 

*

The percent of class was calculated based on 133,157,402 Ordinary Shares issued and outstanding as of April 1, 2022, as disclosed in the Registration Statement on Form F-1 filed with the Securities and Exchange Commission by Otonomo Technologies Ltd. on May 6, 2022.


CUSIP: M7571L103

 

This Amendment No. 1 (this “Amendment”) to Schedule 13D (the “Schedule 13D”) is being filed by Bessemer Venture Partners IX L.P. (“BVP IX”), Bessemer Venture Partners IX Institutional L.P. (“BPV IX Inst” and together with BVP IX, the “BVP IX Funds”), Deer IX & Co. L.P. (“Deer IX LP”), which is the general partner of each of the BVP IX Funds, and Deer IX & Co. Ltd., (“Deer IX Co,” and collectively with the BVP IX Funds and Deer IX LP, the “Reporting Persons”), which is the general partner of Deer IX LP. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to them in the Schedule 13D. Except as otherwise specifically amended in this Amendment, items in the Schedule 13D remain unchanged.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER

(a) As of August 25, 2022, BVP IX had sole voting and dispositive power with respect to 3,088,886 Ordinary Shares of the Issuer, constituting approximately 2.3% of the Issuer’s Ordinary Shares.

As of August 25, 2022, BVP IX Inst had sole voting and dispositive power with respect to 2,474,675 Ordinary Shares of the Issuer, constituting approximately 1.9% of the Issuer’s Ordinary Shares.

As of August 25, 2022, Deer IX LP, as the general partner of each of the BVP IX Funds may be deemed to have sole voting and dispositive power with respect to all 5,563,561 Ordinary Shares of the Issuer owned by the BVP IX Funds, constituting approximately 4.2% of the Issuer’s Ordinary Shares.

As of August 25, 2022, Deer IX Co, as the general partner of Deer IX LP may be deemed to have sole voting and dispositive power with respect to all 5,563,561 Ordinary Shares of the Issuer owned by the BVP IX Funds, constituting approximately 4.2% of the Issuer’s Ordinary Shares.

The percent of class was calculated based on 133,157,402 Ordinary Shares issued and outstanding as of April 1, 2022, as disclosed in the Registration Statement on Form F-1 filed with the Securities and Exchange Commission by Otonomo Technologies Ltd. on May 6, 2022.

(b)

Regarding the number of shares as to which such person has:

(i) sole power to vote or to direct the vote: See line 7 of cover sheets

(ii) shared power to vote or to direct the vote: See line 8 of cover sheets

(iii) sole power to dispose or to direct the disposition: See line 9 of cover sheets.

(iv) shared power to dispose or to direct the disposition: See line 10 of cover sheets

(c) The table below sets forth all transactions in the Ordinary Shares effected by the Reporting Persons since the filing of the Schedule 13D.

 

Reporting
Person

   Date      Amount of
Securities
     Price per
Share
    

Where and

How Effected

BVP IX

     5/18/2022        349,776      $ 1.3022      Disposed in the Open Market

BVP IX

     5/19/2022        28,724      $ 1.4004      Disposed in the Open Market

BVP IX

     5/20/2022        15,744      $ 1.3077      Disposed in the Open Market

BVP IX

     5/23/2022        5,613      $ 1.3512      Disposed in the Open Market

BVP IX

     5/24/2022        22,653      $ 1.3156      Disposed in the Open Market

BVP IX

     5/25/2022        8,325      $ 1.3099      Disposed in the Open Market

BVP IX

     5/26/2022        832,800      $ 1.2869      Disposed in the Open Market

BVP IX

     5/27/2022        27,760      $ 1.3288      Disposed in the Open Market

BVP IX

     6/1/2022        66,624      $ 1.2949      Disposed in the Open Market


CUSIP: M7571L103

 

BVP IX

     6/2/2022        5,552      $ 1.3354      Disposed in the Open Market

BVP IX

     6/6/2022        3,799      $ 1.3135      Disposed in the Open Market

BVP IX

     6/7/2022        619,215      $ 1.2516      Disposed in the Open Market

BVP IX

     6/8/2022        54,456      $ 1.3000      Disposed in the Open Market

BVP IX

     6/9/2022        69,733      $ 1.3001      Disposed in the Open Market

BVP IX

     6/13/2022        59,406      $ 1.2942      Disposed in the Open Market

BVP IX

     6/15/2022        832,800      $ 1.2325      Disposed in the Open Market

BVP IX

     6/16/2022        27,760      $ 1.2995      Disposed in the Open Market

BVP IX

     6/17/2022        9,327      $ 1.2109      Disposed in the Open Market

BVP IX

     6/22/2022        194,871      $ 1.1491      Disposed in the Open Market

BVP IX

     6/23/2022        96,037      $ 1.1524      Disposed in the Open Market

BVP IX

     6/24/2022        877,777      $ 1.1517      Disposed in the Open Market

BVP IX

     6/27/2022        5,576      $ 1.1319      Disposed in the Open Market

BVP IX

     6/28/2022        3,554      $ 1.1779      Disposed in the Open Market

BVP IX

     6/29/2022        39,295      $ 1.1018      Disposed in the Open Market

BVP IX

     7/1/2022        12,164      $ 1.0845      Disposed in the Open Market

BVP IX

     7/5/2022        27,816      $ 1.0501      Disposed in the Open Market

BVP IX

     7/6/2022        6,614      $ 1.0366      Disposed in the Open Market

BVP IX

     7/7/2022        9,994      $ 1.0508      Disposed in the Open Market

BVP IX

     7/8/2022        9,868      $ 1.0385      Disposed in the Open Market

BVP IX

     7/11/2022        74,183      $ 1.0054      Disposed in the Open Market

BVP IX

     7/12/2022        94      $ 1.0053      Disposed in the Open Market

BVP IX

     7/13/2022        319      $ 1.0014      Disposed in the Open Market

BVP IX

     7/14/2022        13,880      $ 0.9466      Disposed in the Open Market

BVP IX

     7/15/2022        15,169      $ 0.9048      Disposed in the Open Market

BVP IX

     7/20/2022        63,047      $ 0.7517      Disposed in the Open Market

BVP IX

     7/21/2022        61,151      $ 0.7361      Disposed in the Open Market

BVP IX

     7/22/2022        36,276      $ 0.7207      Disposed in the Open Market

BVP IX

     7/25/2022        26,672      $ 0.7102      Disposed in the Open Market

BVP IX

     7/26/2022        16,055      $ 0.7216      Disposed in the Open Market

BVP IX

     7/27/2022        34,242      $ 0.7061      Disposed in the Open Market

BVP IX

     7/28/2022        20,157      $ 0.7000      Disposed in the Open Market

BVP IX

     7/29/2022        19,604      $ 0.7033      Disposed in the Open Market

BVP IX

     8/1/2022        6,556      $ 0.7025      Disposed in the Open Market

BVP IX

     8/2/2022        74,656      $ 0.7002      Disposed in the Open Market

BVP IX

     8/3/2022        110,955      $ 0.7103      Disposed in the Open Market

BVP IX

     8/4/2022        98,767      $ 0.7025      Disposed in the Open Market

BVP IX

     8/5/2022        52,690      $ 0.7002      Disposed in the Open Market

BVP IX

     8/8/2022        2,097,620      $ 0.7005      Disposed in the Open Market

BVP IX

     8/9/2022        225,844      $ 0.7000      Disposed in the Open Market

BVP IX

     8/10/2022        16,588      $ 0.7000      Disposed in the Open Market

BVP IX

     8/11/2022        17,096      $ 0.7210      Disposed in the Open Market

BVP IX

     8/12/2022        56,517      $ 0.7030      Disposed in the Open Market

BVP IX

     8/15/2022        176,035      $ 0.7038      Disposed in the Open Market

BVP IX

     8/16/2022        65,285      $ 0.7205      Disposed in the Open Market

BVP IX

     8/17/2022        18,068      $ 0.7002      Disposed in the Open Market


CUSIP: M7571L103

 

Reporting

Person

   Date      Amount of
Securities
     Price per
Share
    

Where and

How Effected

BVP IX Inst

     5/18/2022        280,224      $ 1.3022      Disposed in the Open Market

BVP IX Inst

     5/19/2022        23,013      $ 1.4004      Disposed in the Open Market

BVP IX Inst

     5/20/2022        12,613      $ 1.3077      Disposed in the Open Market

BVP IX Inst

     5/23/2022        4,496      $ 1.3512      Disposed in the Open Market

BVP IX Inst

     5/24/2022        18,148      $ 1.3156      Disposed in the Open Market

BVP IX Inst

     5/25/2022        6,670      $ 1.3099      Disposed in the Open Market

BVP IX Inst

     5/26/2022        667,200      $ 1.2869      Disposed in the Open Market

BVP IX Inst

     5/27/2022        22,240      $ 1.3288      Disposed in the Open Market

BVP IX Inst

     6/1/2022        53,376      $ 1.2949      Disposed in the Open Market

BVP IX Inst

     6/2/2022        4,448      $ 1.3354      Disposed in the Open Market

BVP IX Inst

     6/6/2022        3,043      $ 1.3135      Disposed in the Open Market

BVP IX Inst

     6/7/2022        496,085      $ 1.2516      Disposed in the Open Market

BVP IX Inst

     6/8/2022        43,627      $ 1.3000      Disposed in the Open Market

BVP IX Inst

     6/9/2022        55,867      $ 1.3001      Disposed in the Open Market

BVP IX Inst

     6/13/2022        47,594      $ 1.2942      Disposed in the Open Market

BVP IX Inst

     6/15/2022        667,200      $ 1.2325      Disposed in the Open Market

BVP IX Inst

     6/16/2022        22,240      $ 1.2995      Disposed in the Open Market

BVP IX Inst

     6/17/2022        7,473      $ 1.2109      Disposed in the Open Market

BVP IX Inst

     6/22/2022        156,121      $ 1.1491      Disposed in the Open Market

BVP IX Inst

     6/23/2022        76,941      $ 1.1524      Disposed in the Open Market

BVP IX Inst

     6/24/2022        703,233      $ 1.1517      Disposed in the Open Market

BVP IX Inst

     6/27/2022        4,467      $ 1.1319      Disposed in the Open Market

BVP IX Inst

     6/28/2022        2,847      $ 1.1779      Disposed in the Open Market

BVP IX Inst

     6/29/2022        31,481      $ 1.1018      Disposed in the Open Market

BVP IX Inst

     7/1/2022        9,746      $ 1.0845      Disposed in the Open Market

BVP IX Inst

     7/5/2022        22,284      $ 1.0501      Disposed in the Open Market

BVP IX Inst

     7/6/2022        5,298      $ 1.0366      Disposed in the Open Market

BVP IX Inst

     7/7/2022        8,006      $ 1.0508      Disposed in the Open Market

BVP IX Inst

     7/8/2022        7,905      $ 1.0385      Disposed in the Open Market

BVP IX Inst

     7/11/2022        59,432      $ 1.0054      Disposed in the Open Market

BVP IX Inst

     7/12/2022        76      $ 1.0053      Disposed in the Open Market

BVP IX Inst

     7/13/2022        255      $ 1.0014      Disposed in the Open Market

BVP IX Inst

     7/14/2022        11,120      $ 0.9466      Disposed in the Open Market

BVP IX Inst

     7/15/2022        12,152      $ 0.9048      Disposed in the Open Market


CUSIP: M7571L103

 

BVP IX Inst

     7/20/2022        50,511      $ 0.7517      Disposed in the Open Market

BVP IX Inst

     7/21/2022        48,992      $ 0.7361      Disposed in the Open Market

BVP IX Inst

     7/22/2022        29,062      $ 0.7207      Disposed in the Open Market

BVP IX Inst

     7/25/2022        21,369      $ 0.7102      Disposed in the Open Market

BVP IX Inst

     7/26/2022        12,863      $ 0.7216      Disposed in the Open Market

BVP IX Inst

     7/27/2022        27,433      $ 0.7061      Disposed in the Open Market

BVP IX Inst

     7/28/2022        16,148      $ 0.7000      Disposed in the Open Market

BVP IX Inst

     7/29/2022        15,706      $ 0.7033      Disposed in the Open Market

BVP IX Inst

     8/1/2022        5,253      $ 0.7025      Disposed in the Open Market

BVP IX Inst

     8/2/2022        59,811      $ 0.7002      Disposed in the Open Market

BVP IX Inst

     8/3/2022        88,891      $ 0.7103      Disposed in the Open Market

BVP IX Inst

     8/4/2022        79,127      $ 0.7025      Disposed in the Open Market

BVP IX Inst

     8/5/2022        42,213      $ 0.7002      Disposed in the Open Market

BVP IX Inst

     8/8/2022        1,680,513      $ 0.7005      Disposed in the Open Market

BVP IX Inst

     8/9/2022        180,935      $ 0.7000      Disposed in the Open Market

BVP IX Inst

     8/10/2022        13,289      $ 0.7000      Disposed in the Open Market

BVP IX Inst

     8/11/2022        13,696      $ 0.7210      Disposed in the Open Market

BVP IX Inst

     8/12/2022        45,278      $ 0.7030      Disposed in the Open Market

BVP IX Inst

     8/15/2022        141,030      $ 0.7038      Disposed in the Open Market

BVP IX Inst

     8/16/2022        52,303      $ 0.7205      Disposed in the Open Market

BVP IX Inst

     8/17/2022        14,475      $ 0.7002      Disposed in the Open Market

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, shares of the Issuer’s Ordinary Shares beneficially owned by any of the Reporting Persons.

(e) The Reporting Persons ceased to be the beneficial owner of more than five percent of the Ordinary Shares on August 8, 2022.

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS

 

Exhibit 99.1

Agreement regarding filing of joint Schedule 13D.

Exhibit 99.2

Registration Rights Agreement, incorporated by reference to Exhibit 4.10 of the Form F-4 filed by Issuer with the SEC on March 12, 2021.

Exhibit 99.3

Confidentiality and Lockup Agreement, incorporated by reference to Exhibit 10.5 of the Form F-4 filed by Issuer with the SEC on March 12, 2021.


CUSIP: M7571L103

 

SIGNATURE

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

Dated: September 14, 2022

 

BESSEMER VENTURE PARTNERS IX L.P.
BESSEMER VENTURE PARTNERS IX INSTITUTIONAL L.P.
By:   Deer IX & Co. L.P., their General Partner
By:   Deer IX & Co. Ltd., its General Partner
By:  

/s/ Scott Ring

Scott Ring, General Counsel
DEER IX & CO. L.P.
By:   Deer IX & Co. Ltd., its General Partner
By:  

/s/ Scott Ring

Scott Ring, General Counsel
DEER IX & CO. LTD.
By:  

/s/ Scott Ring

Scott Ring, General Counsel
Notice Address:

c/o Bessemer Venture Partners

1865 Palmer Avenue

Suite 104
Larchmont, NY 10538
Tel. 914-833-5300