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Bessemer Venture Partners raises USD350m annex fund

US venture capital firm Bessemer Venture Partners has announced the closing of a USD350m supplement to its current fund family, BVP VII, which closed in June 2007.

US venture capital firm Bessemer Venture Partners has announced the closing of a USD350m supplement to its current fund family, BVP VII, which closed in June 2007.

With the additional capital, BVP will target innovative, high-growth companies around the world.
 
‘Great companies have been founded during downturns and Bessemer sees a lot of investment opportunity in the current market environment,’ says Ed Colloton, chief operating officer of Bessemer Venture Partners (pictured).

‘This supplement to our BVP VII fund will ensure that we can take advantage of future investment opportunities and that the companies within the Bessemer portfolio have continued access to capital.’

Successful exits over the last several years include the sale of Postini to Google, Gracenote to Sony, Pure Networks to Cisco, PA Semi to Apple, IAG Research to Neilsen, Skype to eBay, Flarion Technologies to Qualcomm, and Celtel to MTC (now Zain), and IPOs of IPC, Bladelogic, Mellanox, Affymax, Motilal Oswal Financial Services, OnMobile, Sirtris Pharmaceuticals, Shriram EPC, and Blue Nile.

Bessemer Venture Partners is a global investment group with offices in Silicon Valley, Boston, New York, Mumbai, and Tel Aviv.

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