Bessemer Venture Partners raises $4.6 billion in two new funds

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Funding Alert

  • ByStartup Story | September 10, 2022

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

The two new funds will enable the venture capital industry to support entrepreneurs and businesses at all stages of growth, according to the release.

Through its current $2.475 billion BVP XI fund, its $825 million Century II growth fund and its $220 million Indian seed fund launched in 2021, the venture partner is focused on early-stage 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 times and holds true in today’s tougher market as we partner with founders to build sustainable businesses,” 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 venture capital firm recorded 12 IPOs, five IPOs and nine mergers and acquisitions (M&A) exits within its own portfolio.

The BVP XII fund will be eager to focus on seed and early-stage investments in companies spanning healthcare, fintech, enterprise, deep tech and consumer.

The $780 million Forge fund is designed for growth buyouts and large minority transactions in software and technology services companies, according to Bessemer.

Brian Feinstein, Partner at Bessemer, said, “BVP Forge allows us to expand our ability to support management teams looking for cash and looking for a convenient partner to navigate their next stage of growth.”

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