At a glance
Benchmark appears in 7 funding rounds tracked by ValueAddVC since 2024, leading 3. Its most frequent sectors in these rounds are AI & Infrastructure and Developer Tools, and its most recent tracked deal was Instinct's $1B Series C round (Sep 28, 2026). It co-invests most often with Sequoia Capital, Cisco Investments and Y Combinator. ValueAddVC also tracks 6 funds managed by Benchmark.
Strategy
Recent changes
- 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
- Aug 21, 2026Aug 21, 2026Invested in Starcloud (extension, $250M) TechCrunch
- Jul 9, 2026Jul 9, 2026Invested in Ollama (Series B, $65M) TechCrunch
Earlier changes (8)
- 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 20, 2025Oct 20, 2025Invested in LangChain (Series B, $125M) LangChain
- 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
9 totalRecent Investment Activity
7Track record: led 3 and participated in 4 of 7 tracked venture rounds · 6 in the last 12 months · led 1 Series C, 1 Series B, 1 Series A
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| 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 CapitalNFXManhattan West Ventures776Cedar CapitalGoanna Capital+1 more | TechCrunch |
| Jul 9, 2026 | Ollama | Series B | Participated | $65M | — | TechCrunch | |
| Oct 20, 2025 | LangChain | Series B | Participated | $125M | $1.25B | LangChain | |
| Dec 19, 2024 | Decart | Series A | Led | $32M | $500M+ | TechCrunch |
Sector / Stage Activity
Co-Investors
12Value Add Research
Latest Pulse
- 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 Instinct, Numeral, Starcloud, Airtable, Ollama, Decart, and 3 more tracked companies.
Who does Benchmark co-invest with most?
In the rounds Value Add tracks, Benchmark most often invests alongside Sequoia Capital (3 shared deals), Coatue Management (2 shared deals), Salesforce Ventures (2 shared deals), SV Angel (2 shared deals), Nvidia (2 shared deals).
Sources & methodologyshow
- Business Wireprimary source1 fact
- LangChainprimary 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
- TechCrunchmajor outlet1 fact
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.