Bessemer Announces New Growth Fund

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Bessemer Venture Partners announced it has launched a new fund that will focus on growing startups

The $525 million dollar fund is meant specifically to “invest in the companies that will define the next century both from within our portfolio and new investments,” according to the company. The new fund, alongside its core fund, brings BVP’s total assets under management to more than $6 billion.

The new fund will allow BVP to more fully support growth-stage companies that show standout product-market fit, scalablity and and proven executive leadership.

BVP has invested in numerous growing startups such as Auth0, ACV Auctions, Procore and Vlocity.

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