Bessemer Venture Partners raises $5.75 billion for AI-focused funds
Quick Look
Bessemer Venture Partners announced $5.75 billion in new funding across two funds, allocating $1.75 billion for seed and early-stage AI investments and $4 billion for growth-stage startups, building on its history of backing AI-native companies since 2022.
AI-generated summary
Why It Matters
Bessemer Venture Partners has been a prominent venture capital firm known for enterprise SaaS investments and has increased its focus on AI since 2022, investing over $3 billion in AI-related startups.
Bessemer Venture Partners announced on Wednesday that it has raised $5.75 billion across two new funds to accelerate its investment across all parts of the AI stack. The firm, which has backed companies such as Anthropic, Cognition, Legora, Perplexity, Ramp, Shopify and Waymo, dedicated $1.75 billion for seed and early-stage investing and the remaining $4 billion for growth startups.
Bessemer has been well-known as a leading VC in the SaaS era, with a particular knack for picking enterprise winners, like Box, DocuSign, and Gainsight. Since 2022, it has invested in more than 260 AI-native companies. So far, the firm has invested $3 billion into AI-related startups, it says, including those focused on compute, infrastructure, foundation models, dev tools, app-layer startups, and agentic tech.
Now, Bessemer positions all things AI as the opportunity of a lifetime — a common sentiment, until the next big trendy tech revolution comes around, of course.
What to Watch
AI outlook — possibilities, not facts
Bessemer will deploy capital from the new funds into AI startups over the next 2-3 years
Very likely · Within months
Open Questions
- What specific AI subsectors will receive the largest allocations from the new funds?
- What is the expected timeline for deploying the $5.75 billion in capital?
- How will the fund performance be measured against Bessemer's historical returns?
