Benchmark raises $2B across two new funds, including $1.25B late-stage growth fund

Summary

Benchmark, a venture capital firm, has raised $2 billion across two new funds, including a $1.25 billion fund focused on late-stage bets, its first growth fund after decades of focusing on new startups. This move comes after a successful late-stage bet on Cerebras delivered big returns.

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Sources: Benchmark raised $2B across two new funds, including a $1.25B fund for late-stage bets, its first growth fund after decades focusing on new startups

6/4/2026, 6:00:35 AM

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