Funding Alert

Bessemer Venture Partners raises $4.6B across two new funds


 Global VC firm Bessemer Venture Partners announced the closing of $4.6 billion in new capital across two funds—$3.85 billion for its 12th flagship fund BVP XII and $780 million for its inaugural BVP Forge fund.

The two new funds will enable the venture capital business to support entrepreneurs and firms at all phases of growth, according to the statement.

Through its current $2.475 billion BVP XI fund, $825 million Century II growth fund, and $220 million early-stage oriented India fund launched in 2021, the venture partner focuses on early and growth-stage venture capital investments.

“Over the decades, Bessemer has successfully navigated and supported entrepreneurs through times of rapid change and market volatility. Innovation thrives during these periods and remains true amid today’s more challenging market as we partner with founders to build enduring companies,” said Jeremy Levine, Partner in Bessemer’s New York office.

Bessemer Venture Partners

With over $20 billion in Assets Under Management (AUM). In 2021, the VC firm saw 12 IPOs, five public listings, and nine mergers and acquisitions (M&A) exits within its own portfolio.

The BVP XII fund will look forward to focusing on seed and early-stage investments in companies spanning healthcare, fintech,enterprise, deeptech, and consumer.

The $780 million Forge fund is designed for growth buyout and significant minority transactions in software and tech-enabled services businesses, according to Bessemer.

Bessemer Partner Brian Feinstein said, “BVP Forge allows us to widen our ability to support management teams seeking liquidity and wanting a hands-on partner to navigate through their next stage of growth.”

 

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