Bessemer Venture Partners is set to announce $5.75 billion in fresh funding to support a broader shift towards more growth stage investments, the firm plans to announce Wednesday.
The San Francisco-based venture firm is allocating $4 billion of the funds to growth-stage financings, which include funding young companies raising large rounds at high valuations, according to firm partner Byron Deeter. The remaining $1.75 billion will go towards younger startups raising capital at the inception phase or soon after, Deeter said.
