Key Takeaways
- • Bessemer Venture Partners closed $4.6 billion across two funds: $3.85 billion for BVP XII (its twelfth flagship fund) and $780 million for BVP Forge (inaugural fund), announced September 9, 2022.
- • BVP XII targets seed and early-stage investments across enterprise, deep tech, fintech, consumer, and healthcare sectors with global reach across eight major hubs (Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing, and Bangalore).
- • BVP Forge represents the firm's strategic expansion into growth buyouts, offering dedicated capital for companies requiring different liquidity structures, capital structuring, and operational support beyond traditional venture stages.
- • The dual-fund strategy enables Bessemer to maintain its primary early-stage focus while gaining flexibility to support entrepreneurs across all growth stages and company structures, complementing existing vehicles (BVP XI at $2.475 billion, Century II growth fund at $825 million, and India-focused fund at $220 million from 2021).
- • The $4.6 billion raise demonstrates continued institutional confidence in Bessemer's venture platform during a period of market volatility, reinforcing the firm's positioning as a multi-stage investor with decades of operational support expertise.
Summary
Bessemer Venture Partners announced the successful close of $4.6 billion in new capital across two distinct funds on September 9, 2022, marking a significant expansion of the firm's investment platform. The flagship BVP XII fund secured $3.85 billion, representing the firm's twelfth iteration of its core early-stage vehicle, while the inaugural BVP Forge fund closed at $780 million, establishing a new dedicated strategy focused on growth-stage buyouts and alternative capital structures.
BVP XII will maintain the firm's traditional focus on seed and early-stage venture investments spanning enterprise, deep tech, fintech, consumer, and healthcare sectors. The fund leverages Bessemer's established global footprint, with investment teams positioned across eight major markets: Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing, and Bangalore. This geographic diversification reflects the firm's commitment to identifying and supporting innovative companies at formation stages across multiple regions and sectors.
The introduction of BVP Forge signals a deliberate strategic shift to capture investment opportunities beyond traditional venture stages. This new fund targets growth buyouts and companies requiring non-standard liquidity timelines, capital structures, and hands-on operational support—areas where traditional early-stage vehicles lack flexibility. The $780 million initial Forge fund positions Bessemer to serve entrepreneurs and management teams whose growth trajectories or corporate structures fall outside conventional venture parameters.
The dual-fund announcement comes alongside Bessemer's existing portfolio of 2021-vintage funds, including BVP XI ($2.475 billion), the Century II growth fund ($825 million), and a dedicated India-focused early-stage fund ($220 million). This layered fund structure enables Bessemer to address investment opportunities across all company maturity levels and geographies while maintaining focus within each vertical. Jeremy Levine, a New York-based partner, highlighted the firm's historical resilience, noting that Bessemer has "successfully navigated and supported entrepreneurs through times of rapid change and market volatility" across its decades of operation, providing confidence in execution during uncertain market conditions.
BVP XII will maintain the firm's traditional focus on seed and early-stage venture investments spanning enterprise, deep tech, fintech, consumer, and healthcare sectors. The fund leverages Bessemer's established global footprint, with investment teams positioned across eight major markets: Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing, and Bangalore. This geographic diversification reflects the firm's commitment to identifying and supporting innovative companies at formation stages across multiple regions and sectors.
The introduction of BVP Forge signals a deliberate strategic shift to capture investment opportunities beyond traditional venture stages. This new fund targets growth buyouts and companies requiring non-standard liquidity timelines, capital structures, and hands-on operational support—areas where traditional early-stage vehicles lack flexibility. The $780 million initial Forge fund positions Bessemer to serve entrepreneurs and management teams whose growth trajectories or corporate structures fall outside conventional venture parameters.
The dual-fund announcement comes alongside Bessemer's existing portfolio of 2021-vintage funds, including BVP XI ($2.475 billion), the Century II growth fund ($825 million), and a dedicated India-focused early-stage fund ($220 million). This layered fund structure enables Bessemer to address investment opportunities across all company maturity levels and geographies while maintaining focus within each vertical. Jeremy Levine, a New York-based partner, highlighted the firm's historical resilience, noting that Bessemer has "successfully navigated and supported entrepreneurs through times of rapid change and market volatility" across its decades of operation, providing confidence in execution during uncertain market conditions.
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