Another major VC firm has closed two major rounds, underscoring the long-term confidence investors continue to have for backing privately held companies in the tech sector.
Early-stage VC firm Bessemer Venture Partners announced Thursday the close of two new funds totaling $3.3 billion that it will be using to back early-stage startups as well as growth rounds for more mature companies.
The Redwood City-based firm closed BVP XI with $2.475 billion and BVP Century II with $825 million in total commitments.
With BVP XI, it plans to focus on early-stage companies spanning enterprise, consumer, healthcare and frontier technologies.Â
Its Century II fund is …
