The post Bessemer is reportedly raising $1.6B for its tenth fund appeared first on BardTech . Bessemer Venture Partners is gearing up for its next billion-dollar fund. The early-stage venture capital firm, which had filed to raise new capital in early August, has reportedly set a $1.6 billion target for its tenth flagship fund, an amount that a source familiar with the fundraise tells us is “directionally correct.” Bessemer declined to comment. If Bessemer indeed raises that amount, it will be the same size as its ninth fund, which closed on $1.6 billion in 2015. If that’s the case, Bessemer may be bucking VCs’ new favorite trend of raising their largest funds to date. Maybe, just maybe, Bessemer hasn’t fallen victim to the SoftBank effect . The Japanese telecom giant has a nearly $100 billion “Vision Fund” and invests in tech companies, competing directly with Silicon Valley heavyweights. General Catalyst, for example, closed its biggest fund ever earlier this year on $...