Bessemer Venture Partners has announced the close of a new $1.6 billion fund, BVP IX, which will continue to follow the firm's strategy of investing in sectors including consumer internet, enterprise technology, mobile, cybersecurity and healthcare IT. The announcement comes about four years after the close of BVP VIII, which also raised $1.6 billion. Since that time, the firm has been considerably more active, investing an increasing amount of capital each year between 2010 ($545M) and 2014 ($1.73B). The number of investments it has completed each year has also been on the rise, shooting up by 67% during the same timeframe.
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Eight different venture capital funds closed on at least $1 billion of capital in 2014, according to PitchBook's database, raising a combined $12 billion. That's more than a quarter of the $45 billion in total capital raised by all VC funds last year. Here is the investment breakdown (by deal flow) of the roughly 28 closed billion-dollar VC funds since 2009: software (41.3%), commercial services (9.4%), media (7.1%), retail (5.1%), pharma & biotech (4.7%), healthcare devices & supplies (4.1%), hardware (3.3%).
One of last year's billion-dollar funds was raised by Technology Crossover Ventures; check out the firm's PitchBook Profile here (free today). For additional analysis on billion-dollar funds, including investor names, median deal sizes, investment trends and more, contact us here.