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Benchmark raises its first-ever growth fund as part of $2B capital haul | TechCrunch

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

Benchmark raises its first-ever growth fund as part of $2B capital haul | TechCrunch Image Credits: TechCrunch Venture Benchmark raises its first-ever growth fund as part of $2B capital haul Marina Temkin 8:52 PM PDT · June 3, 2026 Benchmark Capital, the storied Silicon Valley VC firm known for early investments in eBay, Snap, Uber, and Twitter, is breaking with one of its signature traditions: keeping its funds to about $425 million and backing only young startups. After more than two decades of restricting its vehicles to that amount or lower, the outfit has closed on commitments of $2 billi

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