BVP Forge closes $1 billion Forge II

We launched BVP Forge four years ago because management teams of highly successful, self-sustaining companies considering a private equity partner deserved a better option. Historically, they faced two choices: pure play private equity funds with operational tools but no access to the cutting-edge technology platform, insights and networks that reside within top-tier venture capital; or multi-purpose combined funds that may have early stage venture exposure but lack the deep specialization and operational business building capabilities of pure play private equity.

BVP Forge was born to fill this gap, combining private equity specialization and extensive operational resources through our ForgeEdge™ business scaling program, with direct access to Bessemer Venture Partners’ early stage technology platform that brings with it multi-decade experience investing in some of the most successful technology companies globally.

The market’s reception validated this approach and gave us the conviction to expand with our second fund, Forge II. Management teams welcomed us with privileged access, allowing us to build a portfolio of nine exceptional companies to date, drawn to our highly differentiated platform. Through ForgeEdge™, we've helped management teams strengthen and scale these businesses through bolstered systems, processes, and talent across key business functions — from engineering to go-to-market — and enabled them to tap into Bessemer’s platform to stay at the forefront of AI innovation in product and operations.

The oversubscribed Forge II closed at $1 billion, up from $780 million for Forge I, closing in only four months. We remain dedicated to our core mission of becoming the private equity partner of choice, focusing on growth buyout and significant minority investments in self-sustaining technology and services businesses with $10 - $50 million in revenue. With this new fund, we’re excited to bring our innovative approach to even more companies. We’re also expanding our capabilities in Forge II by augmenting the ForgeEdge™ platform, adding talent, and growing our investing roadmaps.

Our sincerest gratitude to the limited partners who supported us in Forge II. We are thrilled to welcome new LPs and to see returning partners expand their capital commitments, a testament to BVP Forge’s differentiated approach and the strength of the platform. We're excited to push the boundaries of what a private equity platform coupled with Bessemer Venture Partners’ resources and assets can accomplish. Forge ahead!

Please visit us at www.bvp.com/forge