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Bessemer Seeks $1.5B For Tech VC Fund

Bessemer Venture Partners is seeking to raise up to $1.5 billion for a technology fund.

BessemerVenturePartners is seeking to raise up to $1.5 billion for a technology fund, Bloomberg reports. The U.S. investment firm seeks a minimum $1.2 billion for the vehicle and will its make investments from its U.S., India and Israel offices.

New York-based Bessemer, which invests in companies focused on alternative energy, Internet services, completed its last fund in 2007. Bessemer has a 5.1% stake in LinkedIn, Tripwire and Cornerstone OnDemand, among others.

Click here for the story from Bloomberg.


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