Alongside existing LPs and corporate venturing units, Bessemer added university endowments and family offices into the $1.6bn BVP VIII fund.
Bessemer Venture Partners (BVP), a US-based venture capital firm, has closed its eighth fund at $1.6bn by including corporations as investors – called limited partners (LPs).
Alongside existing LPs and corporate venturing units, Bessemer added university endowments and family offices into BVP VIII.
BVP had reportedly begun fundraising in January with a $1.2bn target and fund VII closed at $1.45bn in 2007.
Bessemer invests in North America, Israel, Europe and Latin America and expects to invest roughly a quarter…
