Bessemer Venture Partners has closed $4.6 billion in new capital across two funds – $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. With BVP Forge and its dedicated Forge fund, the firm is expanding its flexibility to support growth buyouts with different liquidity, capital structure and operational support requirements.
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. The firm 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 $780 million 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 unique network and expertise of the Bessemer platform. BVP Forge’s dedicated investment team is led by Partners Rob Arditi and Navid Oreizy.
