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.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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