The funds will invest in promising technology companies at their early and subsequent growth stages.

Global early-stage venture capital firm Bessemer Venture Partners announced Thursday its raise of $3.3 billion across two new funds. BVP XI, which collected $2.475 billion, will focus on early-stage companies spanning enterprise, consumer, healthcare, and frontier technologies.

The Century II fund ($825 million) is specifically designed for growth-stage companies that will define the next century. (Bessemer Venture Partners)

New partners

Jeff Blackburn, previously senior vice president of worldwide business development at Amazon (NASDAQ: AMZN) joined the firm as a partner.

Said Bessemer: “Jeff Blackburn is the rarest of humble leaders we know. Few leaders in history have been part of building Amazon from its early days to a trillion-dollar market capitalization. Only a small subset of those have launched and led several multi-billion dollar businesses — spanning Amazon’s core marketplace business, its advertising business, and its music and movie studio businesses. He oversaw dozens of Amazon’s minority investments and more than a hundred acquisitions across almost every business line from retail to Kindle/Echo/Alexa to AWS.”

Furthermore, the firm announced the promotion of existing Bessemer investors Mary D’Onofrio, Mike Droesch, Tess Hatch, and Andrew Hedin to the partnership.

Bessemer Venture Partners

The firm has been in the venture business since 1965.

It currently has a leadership team of 21 partners and over 45 investors, advisors, and platform operators. They are located in San Francisco, Silicon Valley, Seattle, Boston, New York, London, Tel Aviv, Bangalore, and Beijing.

“Our partners work one-on-one with our CEOs, but they also benefit from the growing scale and support from our entire platform,” said Bessemer Partner Byron Deeter. “With our new funds and expanded partnership, Bessemer is even better equipped to help the best entrepreneurs – across all stages, sectors, and geographies – build incredible companies.”

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