Benchmark Expands Beyond Early-Stage With $1.25B Growth Fund

Benchmark closed $750 million for early-stage investing and $1.25 billion for growth-stage deals—its largest fundraise to date. The growth fund signals a strategic shift: the firm, long known for seed and Series A investments, is now competing directly with later-stage specialists like General Atlantic and Tiger Global. The move reflects a broader trend of venture firms building multi-stage capabilities.