Page 9 - Tess Hatch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bessemer Venture Partners closes on $3.3 billion across two funds Another VC firm has closed on some significant funding for investments underscoring both the long-term confidence investors continue to have for backing startups in the tech sector, and the amount of money swimming around in venture at the moment. Bessemer Venture Partners announced Thursday the close of two new funds totaling $3.3 billion, money that it will be using to back early-stage startups as well as growth rounds for more mature companies. The Redwood City-based firm closed BVP XI with $2.475 billion and BVP Century II with $825 million in total commitments. With BVP XI, Bessemer plans to focus on early-stage companies spanning enterprise, consumer, healthcare and frontier technologies. Its Century II fund, meanwhile, will be aimed at backing growth-stage companies that Bessemer said it believes “will define the next century,” and will include both follow-on rounds for existing portfolio companies an

New yorkUnited statesCity ofUnited kingdomSan franciscoTel avivAndrew hedinMike droeschMary donofrioAndreessen horowitzJeff blackburnAmazon web servicesBessemer venture partnersRedwood city basedBlue apronMaryd onofrio