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New Fund Alert: Bessemer Ventures to invest 25% of new $1.6 B fund in India

From the Press Release: Bessemer Venture Partners (BVP), a global investment firm, has announced the closing of Bessemer Venture Partners VIII. BVP VIII is a $1.6 billion venture capital fund that will sustain the firm’s focus on investing in and partnering with innovative, high-growth companies across multiple industries and geographies. Alongside existing BVP limited partners, Bessemer welcomed a select number of leading university endowments, corporations and family offices into BVP VIII as new LPs. “With BVP VIII, we continue our mission of finding and funding the highest growth startups, wherever they operate,” said BVP partner Ed Colloton. “And we have clearly benefited from an on-the-ground presence in a number of key markets to identify the most talented entrepreneurs. Bessemer is among the first venture capital firms to have built a truly global platform.” Bessemer, which actively invests in North America, India, Israel, Europe and Latin America, expects to invest roughly a...