Benchmark Capital

About

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. The outfit has closed on commitments of $2 billion across two new funds, including a $1.25 billion vehicle dedicated to later-stage investments and a $750 million early-stage fund. The firm has also undergone a significant shift in its general partners, adding new high-profile investors.