Benchmark Raises $2 Billion, Including $1.25 Billion for Its First Growth Fund

businessvc 4 posts · 4 accounts

Benchmark has raised $2 billion across two new funds, including a $1.25 billion vehicle for late-stage investments that will serve as the firm's first growth fund.

The fundraising marks a strategic shift for Benchmark after decades focused on new startups and a smaller, concentrated approach to venture investing.

From the sources (4 posts)

@jasonrshuman

RT @KateClarkTweets: Scoop: Benchmark has raised $2 billion across two new funds, including its first growth fund, a big shift for a firm t…

@techmeme

Sources: Benchmark raised $2B across two new funds, including a $1.25B fund for late-stage bets, its first growth fund after decades focusing on new startups (@kateclarktweets / Wall Street Journal) (Visit Techmeme dot com for the link and

@pitdesi

Tbh it makes a lot of sense in today’s world

@ianrountree

Et tu, Benchmark?

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