Benchmark is an American early-stage venture capital firm founded in 1995, known for its equal partnership structure where each general partner takes a hands-on, board-seat approach with every company it backs. The firm invests primarily in AI, open-source, marketplaces, infrastructure, and enterprise software, and recently expanded into growth-stage investing with its first-ever growth fund as part of a $2 billion capital raise.
Average disclosed round size is $96.2M (across 353 rounds with reported amounts).
Portfolio
203
Fund Size
$2B
Top Stage
Series A
Last 12 Mo
17
Team
PF
Peter Fenton
General Partner
BK
Bob Kagle
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
397 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Ollama | Series B | $65M | Jul 2026 |
 fomo | Series B | $75M | Jun 2026 |
 Sierra | Series E | $950M | May 2026 |
 Sun Day Carwash | Series B | $165M | Mar 2026 |
 Gumloop | Series B | $50M | Mar 2026 |
 Sunday Robotics | Series B | $165M | Mar 2026 |
 Legora | Series D | $550M | Mar 2026 |
 Cerebras | Series H | — | Feb 2026 |
| Sierra | Growth | $175M | Jan 2026 |
 Manus | Series C | $75M | Jan 2026 |
 Gumloop | Series B | $50M | Jan 2026 |
| EEigen | Seed | $15M | Jan 2026 |
 Starcloud | Series A | $170M | Jan 2026 |
 Cerebras Systems | Ipo | $5.5B | Jan 2026 |
| Ollama | Series B | $65M | Jan 2026 |
| Cerebras | Unknown | $5.5B | Jan 2026 |
| Sun Day Carwash | Series A | $35M | Nov 2025 |
 Agentio | Series B | $40M | Nov 2025 |
| Legora | Series C | $150M | Oct 2025 |
 Mercor | Series C | $350M | Oct 2025 |
 Mercor | Series C | $350M | Oct 2025 |
 LangChain | Series C | — | Oct 2025 |
 Reducto | Series B | $75M | Oct 2025 |
 Summation | Seed | — | Oct 2025 |
 Numeral | Series B | $35M | Sep 2025 |
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Top Co-Investors
Index Ventures56 shared
Y Combinator44 shared
Sequoia Capital35 shared
SV Angel33 shared
GV29 shared
Greylock Partners25 shared
Coatue Management LLC25 shared
Redpoint Ventures25 shared
General Catalyst23 shared
Tiger Global Management, LLC23 shared
New Enterprise Associates22 shared
Andreessen Horowitz21 shared
Thrive Capital19 shared
DAG Ventures19 shared
Accel18 shared
Altimeter Capital Management, LP17 shared
Battery Ventures15 shared
Bessemer Venture Partners14 shared
Spark Capital12 shared
BOND11 shared
Last updated: 27 September 2026