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Expanding opportunities with $3.85 billion for early-stage investments

Our twelfth flagship fund backs entrepreneurs building the future.

By THE BESSEMER PARTNERS 9.8.22

Since the formation of our very first fund, investing early in—and sticking with—promising entrepreneurs has been core to who we are. Today, we’re excited to announce that we’ve raised $3.85 billion for our twelfth flagship fund, BVP XII. This new fund allows us to continue backing entrepreneurs at scale, bolstering our established focus on early-stage investments.

As we deploy this capital, we’ll maintain our long-standing approach of roadmap-driven investing: diving deep into our industries of interest, closely studying each ecosystem, and identifying the attributes and characteristics of its winning companies to inform our investments. Through cycles of rapid change, shifting paradigms, and economic uncertainty, this tried and true method has helped us cut through the noise and identify enduring companies that defy odds and find success despite the market into which they’re born.

At $3.85 billion, BVP XII will focus on early-stage investments in companies around the globe spanning enterprise, deep tech, fintech, consumer, and healthcare, allowing our partners to continue investing early in promising technology companies and continue backing the companies and their founders at every stage of their growth.

We have a long history of forward thinking and partnership with entrepreneurs from their earliest stages through IPO and beyond, with a current portfolio of more than 200 companies and over $20 billion of assets under management. Over the decades, we’ve celebrated more than 135 IPOs with our companies, and in 2021, saw 12 IPOs, five public listings and nine M&A exits within our portfolio. Our early stage investments have included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast, to name a few.

In addition to our BVP XII fund, we’ve also closed $780 million for our inaugural BVP Forge fund, designed for growing software and technology-enabled services businesses looking for liquidity in the form of a growth buyout or significant minority investment. You can read more about Forge here.

We’re incredibly fortunate to have had a front-row seat to countless exceptional entrepreneurs and success stories over the last few decades and are thrilled to continue expanding that position.

To entrepreneurs at even the earliest stages, forge ahead.