In brief: Bessemer is fundraising just 16 months after raising $3.3bn

Bessemer raised $2.475bn for early-stage tech fund Bessemer Venture Partners XI and $825m for growth fund Century II in February 2021.

Bessemer Venture Partners, which raised $3.3 billion just 16 months ago, is in the market with three new funds, according to regulatory filings.

Bessemer submitted filings to the SEC on June 27 for Bessemer Venture Partners XII Institutional LP, Bessemer Venture Partners XII Advisors & Influencers LP, and Bessemer Venture Partners XII Institutional Feeder LP. None of the filings lists a targeted fundraising amount.

A media relations firm that works for Bessemer did not respond to a request for comment as of press time.

In February 2021, Bessemer raised $2.475 billion for Bessemer Venture Partners XI, which focuses on early-stage tech and healthcare companies; and $825 million for Century II fund, which focuses on growth-stage companies. Fund XI came about two and a half years after Bessemer raised $1.85 billion for Bessemer Venture Partners X in October 2018.

The general partner for the new fund XII vehicles is listed as Deer XII & Co. LP, while the directors of the general partner are listed as Richard Bennett, David Cowan, Byron Deeter, Brian Feinstein, Alex Ferrara, Adam Fisher, Robert Goodman, Stephen Kraus, Ethan Kurzweil and Jeremy Levine.