Bessemer Venture Partners closes two new funds at $3.3bn
Long-time Amazon executive Jeff Blackburn, who oversaw the tech giant’s investments, has joined the firm as a partner. Silicon Valley investment firm Bessemer Venture Partners has closed two new funds totalling $3.3bn. The firm, which made early bets on LinkedIn, Pinterest and Twitch, has secured commitments from limited partners for two funds called BVP XI at $2.5bn and BVP Century II at $825m. The former is the firm’s largest fund to date and will focus on early-stage investments in healthcare, enterprise and consumer tech. Bessemer has several offices in the US, Europe and Asia in order to find investments in several markets.