Bessemer Venture Partners Closes $5.75 Billion Fund
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Bessemer Venture Partners Closes $5.75 Billion Fund

New capital includes $1.75 billion for early-stage and $4 billion for growth investments

9/23/2026
Ghita Khalfaoui
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Bessemer Venture Partners has announced the close of $5.75 billion in new capital, raised in a single close, to support founders from seed through growth. The new funding is divided into $1.75 billion for seed and early-stage investing and $4 billion for growth investments. The capital arrives at a time when artificial intelligence is reshaping how quickly new technology companies can emerge, scale, and create enduring value across global markets.


Capital Allocation Across Stages

Early-stage investing remains a central pillar of Bessemer's strategy, with around 70 percent of the firm's investments made at that stage. The $1.75 billion seed and early-stage allocation is designed to back founders before revenue or category leadership becomes obvious, often through a roadmap-driven approach that recognizes market shifts before they are widely understood. Companies such as Abridge, Perplexity, Shopify, Toast, and Wonderful reflect this long-standing commitment to early partnership and category creation.

Dedicated Growth Platform

The $4 billion growth allocation reflects the firm's increased focus on category-leading companies that stay private longer and build substantial value before reaching public markets. Bessemer has evolved its growth practice from an extension of early-stage work into a dedicated platform with capital and partners focused on concentrated, high-conviction investments. This approach has been applied to companies including Anthropic, DriveNets, fal, ClickHouse, Cognition, EliseAI, EvenUp, Legora, Ramp, ShopMy, and Waymo.

AI Investment Thesis and Global Strategy

Since 2022, Bessemer has backed more than 260 AI-native companies and invested over $3 billion across the full AI stack, from compute and infrastructure to foundation models, applications, and agents. The firm's AI investment thesis builds on decades of experience across prior technology transitions, including cloud, SaaS, and hardware systems now advancing defense technology and physical AI. Bessemer applies this experience globally, working with founding teams across the United States, Europe, India, and Israel.

Executive Perspectives

Bessemer Partner Jeremy Levine said the playbook has evolved but the conviction remains unchanged, emphasizing early identification of transformative technology shifts and backing exceptional founders before the market fully recognizes the opportunity. Partner Byron Deeter added that AI-native companies are scaling faster than any category of technology the firm has backed before. He said the expanded growth practice is built for that velocity, with dedicated capital and partners to lead concentrated, high-conviction rounds in companies defining this era.

Firm Track Record and Global Reach

Bessemer supports founders and chief executives from seed through every stage of growth, with more than 155 initial public offerings and over 450 portfolio companies across industries. The firm has backed industry-defining companies including Anthropic, Canva, LinkedIn, Pinterest, Rocket Lab, ServiceTitan, Toast, and Twilio, among many others. With $20 billion in assets under management, Bessemer operates investment teams in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv.


The new $5.75 billion capital pool strengthens Bessemer's ability to make early commitments while continuing to support high-performing companies as they scale. By aligning seed, early-stage, and growth resources, the firm aims to partner with founders from inception through market leadership in a rapidly changing technology landscape. The announcement underscores Bessemer's long-term focus on capturing value across the full AI era and supporting the next generation of category-defining businesses.