Key Takeaways
- • Bessemer Venture Partners is seeking a combined $4.5 billion across its 13th early-stage fund and third growth-stage fund, according to Venture Capital Journal.
- • The firm is targeting $3 billion for Fund XIII, roughly $850 million less than its predecessor, per publisher reporting.
- • New Mexico State Investment Council and San Mateo County Employees' Retirement Association are among the limited partners that have committed to the new vehicles.
- • The raise is a fundraising milestone for one of the longest-running early-stage venture firms, with a larger allocation earmarked for its growth strategy.
Summary
Bessemer Venture Partners has set out to raise a combined $4.5 billion for its 13th early-stage fund and its third growth-stage fund, according to Venture Capital Journal, which reported the fundraise on September 16, 2026. The firm is seeking a smaller target for the early-stage vehicle and a larger one for its growth strategy, with Fund XIII reported to be targeting $3 billion. That figure is around $850 million less than the predecessor early-stage fund, according to publisher coverage of the raise.
Among the limited partners that have signed on to the new vehicles are New Mexico State Investment Council and San Mateo County Employees' Retirement Association. The commitments underscore continued institutional appetite for established venture managers with multi-stage platforms, though the publicly available text does not disclose the full LP roster, final close timing, or the amount committed to date.
The fundraise comes as Bessemer has positioned itself across both early-stage and growth investing. Earlier coverage in the publisher's database described the firm as an early-stage investment giant that had raised a record-breaking flagship fund, which underscores the scale of its franchise. Readers seeking the complete fund terms, fee structure, and additional LP detail should consult the full Venture Capital Journal article, which is behind a registration wall.
Among the limited partners that have signed on to the new vehicles are New Mexico State Investment Council and San Mateo County Employees' Retirement Association. The commitments underscore continued institutional appetite for established venture managers with multi-stage platforms, though the publicly available text does not disclose the full LP roster, final close timing, or the amount committed to date.
The fundraise comes as Bessemer has positioned itself across both early-stage and growth investing. Earlier coverage in the publisher's database described the firm as an early-stage investment giant that had raised a record-breaking flagship fund, which underscores the scale of its franchise. Readers seeking the complete fund terms, fee structure, and additional LP detail should consult the full Venture Capital Journal article, which is behind a registration wall.
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