Bessemer Venture Partners Raises $350M for 7th Fund - Wellesley Hills, MA

Bessemer Venture Partners, an international venture capital firm with offices in Wellesley Hills, announced on Thursday that it has raised $350 million in supplemental capital for its seventh fund, which closed in June 2007 with more than $1 billion. Founded in 1911, Bessemer specializes in venture capital investments, but also participates in late-stage financings and sometimes makes small, seed-stage investments below $1 million. More typically, the firm makes investments in the range of $4 million to $10 million, in a range of industries.

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