VC Firm Bessemer Raises $5.75 Billion More to Invest in AI
Venture capital firm Bessemer Venture Partners has raised $5.75 billion across two new funds to expand its investments across the AI industry. Most of the money is earmarked for growth-stage startups, with a smaller portion for seed and early-stage companies.
Venture capital firm Bessemer Venture Partners announced on Wednesday that it has raised $5.75 billion across two new funds aimed at accelerating investment across the entire artificial intelligence value chain. Of that total, $1.75 billion is allocated to seed and early-stage investing, while the remaining $4 billion will go toward growth-stage startups.
Bessemer built its reputation as a leading venture firm during the SaaS era, known for identifying successful enterprise software companies such as Box, DocuSign and Gainsight. Its portfolio also includes well-known names like Anthropic, Cognition, Legora, Perplexity, Ramp, Shopify and Waymo.
Investments Since 2022
Since 2022, Bessemer has invested in more than 260 AI-native companies. The firm says it has so far put $3 billion into AI-related startups, spanning areas such as compute, infrastructure, foundation models, developer tools, application-layer software and agentic technology.
Bessemer Partner Byron Deeter said in the firm's funding announcement that AI-native companies are scaling faster than any technology category the firm has previously backed. He also told Bloomberg that venture firms need to keep growing their capital reserves because companies staying private for longer has become a permanent structural shift in the industry.
