Global venture capital firm Bessemer Venture Partners closed two new funds totaling $4.6 billion.
These included:
- $3.85 billion for its twelfth flagship fund, BVP XII, and
- $780 million for its inaugural BVP Forge fund.
These two new funds allow the firm to back entrepreneurs and management teams across all stages of growth, regardless of maturity or structure.
Bessemer Venture Partners focuses on early- and growth-stage venture capital investments through its current $2.475 billion BVP XI fund, $825 million Century II growth fund, and $220 million early-stage focused India fund that were raised in 2021.
The Forge fund is specifically designed for growth buyout and significant minority transactions in software and tech-enabled services businesses. Through this fund, BVP Forge will invest in and support management teams with a dedicated platform and its ForgeEdge™ operational program while leveraging the network and expertise of the Bessemer platform. BVP Forge’s dedicated investment team is led by Partners Rob Arditi and Navid Oreizy.
BVP XII will enhance the firm’s primary focus on seed and early-stage investments in companies spanning enterprise, deep tech, fintech, consumer, and healthcare, allowing the partnership to continue investing early in promising technology companies and support them through their growth. Bessemer takes a global approach to its investments with teams located in Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing, and Bangalore.
The firm currently has more than $20 billion of assets under management. In 2021, Bessemer saw 12 IPOs, five public listings, and nine M&A exits within its portfolio.
FinSMEs
09/09/2022