BVP Forge Closes $1 Billion Second Fund to Expand Private Equity Investments in Redwood City

BVP Forge, the Redwood City-based private equity firm affiliated with Bessemer Venture Partners, has successfully closed its second fund, Forge II, at $1 billion.

The move boosts the firm’s total assets under management to $2.3 billion, expanding its reach within the broader $19 billion Bessemer platform.

Partnering with Industry-Defining Ventures

Bessemer Venture Partners has a long track record of backing standout companies, including LinkedIn, Shopify, PagerDuty, Twilio, and Toast.

By integrating BVP Forge with this powerhouse platform, the firm can offer growth-oriented businesses access to a network of resources and expertise while remaining focused on profitable, self-sustaining enterprises.

Focus on Growth-Stage Technology and Services Businesses

Since its launch four years ago, BVP Forge has concentrated on growth buyouts and minority investments in technology and services businesses generating $10-50 million in revenue.

Unlike Bessemer’s main venture funds, which focus on early-stage ventures, BVP Forge targets later-stage companies that are already profitable or cash-flow positive and are seeking liquidity.

Supporting Companies Through ForgeEdge™

BVP Forge operates as an independent private equity arm within the Bessemer ecosystem.

Its dedicated team helps management teams scale their businesses through the ForgeEdge™ program.

This initiative strengthens systems, processes, and talent across critical functions, from engineering and product development to go-to-market strategies.

Building a Growing Portfolio

With its first $780 million fund, BVP Forge has already built a portfolio of nine companies.

The successful close of Forge II positions the firm to continue investing in and accelerating growth for self-sustaining businesses in the technology and services space.