Benchmark raises $2B across two new funds including its first-ever dedicated growth vehicle

Benchmark raises $2B across two new funds, including its first dedicated growth vehicle

Benchmark has raised $2 billion across two new funds, marking a significant strategic shift for the longtime venture firm. The raise includes Benchmark's first-ever dedicated growth fund — a notable pivot for a firm that built its reputation in seed and early-stage investing.

Everette Randle, who previously led growth investing roles at Bond Capital, Founders Fund, and Kleiner Perkins, has joined Benchmark to lead the growth strategy. The hire signals that Benchmark is building its platform strategy around growth-stage deployment, moving beyond its historical focus on pure venture capital.