Skip to main content

Bessemer is reportedly raising $1.6B for its tenth fund

Bessemer Venture Partners is gearing up for its next billion-dollar fund. The early-stage venture capital firm, which had filed to raise new capital in early August, has reportedly set a $1.6 billion target for its tenth flagship fund, an amount that a source familiar with the fundraise tells us is “directionally correct.”

Bessemer declined to comment.

If Bessemer indeed raises that amount, it will be the same size as its ninth fund, which closed on $1.6 billion in 2015. If that’s the case, Bessemer may be bucking VCs’ new favorite trend of raising their largest funds to date. Maybe, just maybe, Bessemer hasn’t fallen victim to the SoftBank effect. The Japanese telecom giant has a nearly $100 billion “Vision Fund” and invests in tech companies, competing directly with Silicon Valley heavyweights. 

General Catalyst, for example, closed its biggest fund ever earlier this year on $1.375 billion. And Insight Venture Partners finished off a $6.3 billion fundraise in July — also the most monumental in the firm’s history.

It’s been a busy year so far for Bessemer. On top of working to secure capital for BVP X, the firm announced a $10 million early-stage seed fund, called Deep Health Seed Program, in June. The fund is being led by Bessemer healthcare investor Steve Kraus and its head of investments in Israel, Adam Fisher. Deep Health is investing $100,000 to $2 million into early-stage companies using machine learning to solve problems in healthcare.

Bessemer launches a seed fund for startups applying machine learning to health

The firm has seen a couple of notable exits so far this year. For starters, Bessemer portfolio company DocuSign went public in April, raising more than $600 million in the process. And Workday paid $1.55 billion for financial planning software startup Adaptive Insights, another Bessemer portfolio company, in June.

Bessemer’s current portfolio includes Pinterest, Betterment, Rocket Lab, Toast, PagerDuty, ServiceTitan, Fiverr and others.



from TechCrunch https://ift.tt/2NvKkCl
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more