By Abhinaya Prabhu
Publication Date: 2026-09-24 11:05:00
- Bessemer Venture Partners raised $5.75 billion in a single close across two new funds.
- The firm split the capital $1.75 billion for early-stage bets and $4 billion for growth deals.
- It joins Accel, Kleiner Perkins and Bain Capital Ventures in stacking fresh AI capital this year.
Bessemer Venture Partners has spent more than a century deciding which technology shifts are real and which are noise. Its verdict on AI: real enough to justify $5.75 billion in new capital, and split almost evenly toward two very different kinds of conviction. Of that total, $1.75 billion goes to seed and early-stage investing, and $4 billion goes to growth-stage deals.
Bessemer Partner Byron Deeter said the shift reflects how AI-native companies are compounding. “AI-native companies are scaling faster than any category of technology we’ve backed before,” he said, adding that the expansion of the firm’s growth practice is built to let it lead “concentrated, high-conviction rounds” whether it met a company at seed or is meeting it for the first time.
Betting across the AI stack
Founded in 1911 and headquartered in Redwood City, California, Bessemer has backed more than 260 AI-native companies since 2022 and deployed over $3 billion across the stack, from compute and infrastructure to foundation models and agents.
Roughly 70% of its investments are still made at the early stage, a discipline the firm says the new $1.75 billion fund is designed to…
