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At a glance
Benchmark appears in 11 funding rounds tracked by ValueAddVC since 2024, leading 5. Its most frequent sectors in these rounds are Enterprise Software and AI & Infrastructure, and its most recent tracked deal was Hone's $60M Growth round (Oct 9, 2026). It co-invests most often with Sequoia Capital, Y Combinator and Cisco Investments. ValueAddVC also tracks 6 funds managed by Benchmark.
Strategy
Stages
SeedSeries A
Sectors
ConsumerEnterpriseAIMarketplacesInfrastructure
Geographies
USASan Francisco, California, USA
Check size
$1M-$15MRecent changes
- Oct 9, 2026Oct 9, 2026Invested in Hone (Growth, $60M) FinSmes
- Oct 6, 2026Oct 6, 2026Invested in Furientis (Seed, $25M) TechCrunch
- Sep 28, 2026Sep 28, 2026Follow-on: Invested in Instinct (Series C, $1B) Instinct (Business Wire via FinancialContent)
- Sep 23, 2026Sep 23, 2026Invested in Numeral (Series C, $100M) Business Wire
- Aug 26, 2026Aug 26, 2026Invested in Instinct (Series B, $250M) TechCrunch
Earlier changes (12)
- Aug 21, 2026Aug 21, 2026Invested in Starcloud (extension, $250M) TechCrunch
- Jul 9, 2026Jul 9, 2026Invested in Ollama (Series B, $65M) TechCrunch
- Jun 30, 2026Jun 30, 2026New fund: Benchmark Fund 2 (target $750M) SEC EDGAR Form D
- Jun 3, 2026Jun 3, 2026New fund: Benchmark Growth Fund ($1.25B) TechCrunch
- Jun 3, 2026Jun 3, 2026New fund: Benchmark Early-Stage Fund ($750M) TechCrunch
- Oct 30, 2025Oct 30, 2025Invested in Legora (Series C, $150M) Tech Funding News
- Oct 20, 2025Oct 20, 2025Invested in LangChain (Series B, $125M) LangChain
- Aug 8, 2025Aug 8, 2025Follow-on: Invested in Decart (Series B, $100M) The SaaS News
- Dec 19, 2024Dec 19, 2024Invested in Decart (Series A, $32M) TechCrunch
- Jul 9, 2024Jul 9, 2024New fund: Benchmark Fund 1 ($425M) SEC EDGAR Form D
- May 19, 2020May 19, 2020New fund: Benchmark Fund X ($425M) SEC EDGAR Form D
- Oct 1, 2018Oct 1, 2018New fund: Benchmark Fund IX (target $425M) SEC EDGAR Form D
Funds
6| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Benchmark Fund 2 | 2026 | target $750M | Flagship | As of Jun 30, 2026SEC EDGAR Form D |
| Benchmark Early-Stage Fund | 2026 | $750M | VentureEarly-stage venture (seed, Series A, Series B) · Seed, Series A, Series B | As of Jun 3, 2026TechCrunch |
| Benchmark Growth Fund | 2026 | $1.25B | GrowthGrowth equity; Benchmark's first dedicated growth fund | As of Jun 3, 2026TechCrunch |
| Benchmark Fund 1 | 2024 | $425M | Flagship | As of Jul 9, 2024SEC EDGAR Form D |
| Benchmark Fund X | 2020 | $425M | Flagship | As of May 19, 2020SEC EDGAR Form D |
Show 1 earlier fund
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Benchmark Fund IX | 2018 | target $425M | Flagship | As of Oct 1, 2018SEC EDGAR Form D |
Portfolio
12 totalRecent Investment Activity
12Track record: led 5 and participated in 6 of 11 tracked venture rounds · 9 in the last 12 months · led 1 Growth, 1 Seed, 1 Series C, 1 Series B
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 9, 2026 | Hone | Growth | Led | $60M | $285M | Pulse story | |
| Oct 6, 2026 | Furientis | Seed | Led | $25M | $125M | BenchmarkLeadunverified | TechCrunch |
| Sep 28, 2026 | Instinct | Series C | Led | $1B | $10B | Instinct (Business Wire via FinancialContent) | |
| Sep 23, 2026 | Numeral | Series C | Participated | $100M | — | Insight PartnersLeadunverifiedSalesforce VenturesunverifiedGeodesic CapitalunverifiedBenchmarkunverifiedMayfield FundunverifiedY CombinatorunverifiedUncork CapitalunverifiedFCVC | Business Wire |
| Aug 26, 2026 | Instinct | Series B | Led | $250M | $2.5B | Index VenturesLeadBenchmarkLead | TechCrunch |
| Aug 21, 2026 | Starcloud | extension | Participated | $250M | — | NvidiaCisco InvestmentsBenchmarkEQT VenturesSoma CapitalNFX776Cedar CapitalGoanna CapitalStandard Capital+1 more | TechCrunch |
| Jul 9, 2026 | Ollama | Series B | Participated | $65M | — | TechCrunch | |
| May 14, 2026 | Cerebras | IPO | Participated | $6.4B | $56.4B | Alpha Wave GlobalMotley Fool · unverifiedFoundation CapitalMotley Fool · unverifiedTiger Global ManagementMotley Fool · unverifiedFidelity InvestmentsMotley Fool · unverifiedBenchmarkMotley Fool · unverifiedAltimeter CapitalMotley Fool · unverifiedAMD VenturesMotley Fool · unverifiedCoatue ManagementMotley Fool · unverifiedG42 | SEC EDGAR (Cerebras 8-K) |
| Oct 30, 2025 | Legora | Series C | Participated | $150M | — | Bessemer Venture PartnersunverifiedIconiq CapitalunverifiedGeneral CatalystunverifiedRedpoint VenturesunverifiedBenchmarkunverifiedY Combinatorunverified | Tech Funding News |
| Oct 20, 2025 | LangChain | Series B | Participated | $125M | $1.25B | LangChain | |
| Aug 8, 2025 | Decart | Series B | Participated | $100M | — | The SaaS News | |
| Dec 19, 2024 | Decart | Series A | Led | $32M | $500M+ | TechCrunch |
Sector / Stage Activity
By sector (portfolio)
Enterprise SaaS
3 · 25%
AI infra
2 · 17%
Developer tools
2 · 17%
Semiconductors
1 · 8%
Defense
1 · 8%
Legal tech
1 · 8%
Space
1 · 8%
By stage (tracked rounds)
Series B
4 · 33%
Series C
3 · 25%
Growth
1 · 8%
Seed
1 · 8%
extension
1 · 8%
IPO
1 · 8%
Series A
1 · 8%
Co-Investors
12Coatue Management · 3 sharedSequoia Capital · 3 sharedSV Angel · 3 sharedY Combinator · 3 sharedCisco Investments · 2 sharedGeneral Catalyst · 2 sharedHanwha Asset Management · 2 sharedIndex Ventures · 2 shared49 Palms · 1 sharedPace Capital · 1 sharedTheory Ventures · 1 sharedUncork Capital · 1 shared
Similar Firms
overlapping sector, stage or regionValue Add Research
Latest Pulse
- Oct 18, 2026Benchmark Raised $2B In New Funds | Still Makes Just 2-3 Bets A YearBenchmark closed $2 billion across a core early-stage fund and a $1.25 billion growth fund, only its second oversized raise in 31 years, while each of its five partners keeps making just two to three new bets a year.→
- Oct 16, 2026Benchmark Admits AI Is Breaking VC's No-Rivals RuleAt TechCrunch Disrupt, Benchmark partners said the AI boom is straining VC's old norm against funding direct rivals, pointing to OpenAI and Anthropic sharing dozens of the same investors.→
- Oct 16, 2026Benchmark: AI Boom Is Straining VCs' No-Rivals PactBenchmark partners said at TechCrunch Disrupt that the unwritten rule against VCs backing direct competitors is under real strain as AI reshuffles startup categories overnight.→
- Aug 28, 2026Instinct Raises $250M at $2.5B, Four Months OldInstinct, a personal AI assistant still in private testing, raised a $250 million Series B led by Index Ventures and Benchmark at a $2.5 billion valuation, up from roughly $50 million four months ago.→
- Aug 27, 2026Instinct Hits $2.5B Valuation on $350M RaisedInstinct, the personal AI assistant built by 23-year-old founder Noah Shinn, has raised $350 million in total including a $250 million Series B co-led by Index Ventures and Benchmark at a $2.5 billion valuation.→
- Aug 26, 2026Instinct's Valuation Rockets to $2.5B in WeeksInstinct, a four-month-old AI assistant startup led by 23-year-old Noah Shinn, raised $250 million at a $2.5 billion valuation co-led by Index Ventures and Benchmark, up fivefold from $500 million just weeks earlier.→
Benchmark FAQ
What is Benchmark's latest fund?
Benchmark Early-Stage Fund, closed at $750M (As of Jun 3, 2026; TechCrunch).
How large are Benchmark's funds?
Benchmark funds Value Add tracks include Benchmark Early-Stage Fund ($750M, 2026); Benchmark Growth Fund ($1.25B, 2026); Benchmark Fund 1 ($425M, 2024); Benchmark Fund X ($425M, 2020), out of 6 Benchmark funds tracked in total.
What companies has Benchmark invested in?
Benchmark's portfolio includes Hone, Furientis, Instinct, Numeral, Starcloud, Airtable, and 6 more tracked companies.
Who does Benchmark co-invest with most?
In the rounds Value Add tracks, Benchmark most often invests alongside Coatue Management (3 shared deals), Sequoia Capital (3 shared deals), SV Angel (3 shared deals), Y Combinator (3 shared deals), Cisco Investments (2 shared deals).
Sources & methodologyshow
Where these figures come from
- Business Wireprimary source1 fact
- LangChainprimary source1 fact
- SEC EDGAR (Cerebras 8-K)primary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- TechCrunchmajor outlet2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.