Report: Talk of Bessemer Raising New Fund

3/4/11

Bessemer Venture Partners, which has offices in Cambridge, MA, and Menlo Park, CA, wants to raise as much as $1.5 billion for a fund to invest in technology startups, two unnamed sources told Bloomberg. The investments would be made from the firm’s offices in the U.S., India, and Israel. The Larchmont, NY, firm and other major venture outfits are attracting billions of dollars because of positive momentum in the market for initial public offerings, Bloomberg reports.

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