Bessemer Venture Partners closes $3.85 billion for early-stage investments

On Sep 8, 2022

Bessemer Venture Partners, a global venture capital firm, announced on Thursday the close of $3.85 billion for its twelfth flagship fund, BVP XII.

BVP XII will enhance the firm’s primary focus on seed and early-stage investments in companies spanning enterprise, deep tech, fintech, consumer, and healthcare. The firm takes a global approach to its investments with teams located in Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing, and Bangalore. BVP’s Tel Aviv office is headed by Adam Fisher.

“This is an important announcement for the Israeli Innovation ecosystem as Bessemer has historically invested 15 percent of our core BVP fund in Israeli startups,” explained Fisher, a partner in Bessemer’s Tel Aviv office. “This new fund allows us to continue backing entrepreneurs at scale, bolstering our established focus on early-stage investments in Israel and the world.”

Bessemer Venture Partners has been investing in Israel for more than three decades and is one of the most active funds in the country, with more than $1 billion invested over the last decade. Over the years Bessemer has invested in 60 Israeli startups across a diverse range of sectors, including application SaaS, infrastructure, consumer, gaming, marketplaces, fintech, cybersecurity, networking, and semiconductors. Bessemer has invested in Israeli companies such as Fiverr, Habana, Intucell, Wix, among others. Additional well-known investments include Axonius, Cloudinary, HiBob, Melio, Papaya Global, Yotpo, and many others.

“The local Tel Aviv team leads early-stage investments in Israel, and we also have partners from our global offices who lead investments in the country. We’re incredibly fortunate to have had a front-row seat to countless exceptional entrepreneurs and success stories over the last few decades and are thrilled to continue expanding that position,” Fisher concluded.

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