Benchmark raises $2B, including its first growth fund

Benchmark’s first growth fund marks a break from decades of defending a smaller, focused venture model

Scoop: Benchmark has raised $2 billion across two new funds, including its first growth fund, a big shift for a firm that spent decades defending a smaller, focused approach to venture investing. Details here:
Ranked #18 on backlist 2026-06-03 (03 Jun 2026 UTC) · by (Kate Clark) ·

How it ranks: Backlist reads my Twitter/X timeline, scores every tweet for substance with an LLM rubric (not engagement), and publishes the daily top picks with a one-line takeaway. Curated by Surya Dantuluri.