AVCJ

Bessemer closes global VC fund at $1.9b

  • LinkedIn  
  • Google plus  
  • Save this article  

Bessemer Venture Partners has closed BVP X, its latest global early-stage venture capital fund, at $1.85 billion.

The vehicle will back start-ups at the seed, Series A, and Series B stage, focusing on companies developing technology for the consumer, enterprise, and healthcare markets, as well as frontier technology. According to a statement, Bessemer plans to commit anywhere from $50,000 to $100 million per deal.

Bessemer operates from four offices in the US and one each in Israel and India. Its portfolio currently consists of over 200 companies, 30% of which are based outside the US. It claims to have backed IPOs by more than 120 technology companies worldwide, including Shopify, LinkedIn, Skype, and Wix

The firm is an active investor in India, where its investees include significant local technology players such as home design portal Livspace and food delivery platform Swiggy, as well as online matchmaking service Matrimony.com, which the GP exited in its IPO last year. It is also a backer of struggling e-commerce platform Snapdeal.

Bessemer's Asia presence outside India is more limited, but the firm has recently backed companies such as Viva Republica, a mobile payments service based in Korea, and Rocket Lab, an aerospace company based in the US and New Zealand.

  • LinkedIn  
  • Google plus  
  • Save this article  

More on Fundraising

Latest News

Asian GPs slow implementation of ESG policies - survey
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs