3 outlets·3 reports
Benchmark breaks its own rule with a $2bn raise and a first growth fund
ThinkingNews Desk · how this was written
Benchmark announced a $2 billion capital raise split across two new funds, marking the firm’s first growth fund after decades of focusing on early-stage startups. The growth vehicle, a $1.25 billion fund, targets late-stage investments, representing a departure from Benchmark’s historic strategy.
Written from all 3 reports below, not from any single one.
How it was reported
- 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 (Kate Clark/Wall Street Journal)
- TechCrunch·Benchmark raises its first-ever growth fund as part of $2B capital raise
- The Next Web·Benchmark breaks its own rule with a $2bn raise and a first growth fund
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