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Benchmark Raises Its First-Ever Growth Fund as Part of $2B Capital Haul

Summary by TechCrunch
The legendary Silicon Valley VC firm abandons its more than 20-year tradition of keeping its funds to about $425 million.

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Benchmark Capital, one of Silicon Valley's most prominent venture capital firms, recently raised $2 billion across two new funds. Benchmark is raising its first growth fund as part of this $2 billion capital raising. Benchmark Capital, the renowned Silicon Valley venture capital firm known for its early investments in eBay, Snap, Uber, and Twitter, has broken with one of its signature traditions: keeping its fund sizes at around $425 million and…

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TechCrunch broke the news in United States on Thursday, June 4, 2026.
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