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Funding
Benchmark raises its first-ever growth fund as part of $2B capital haul
Summary
The legendary Silicon Valley VC firm abandons its more than 20-year tradition of keeping its funds to about $425 million.
Why It Matters
Signals increasing investor interest and capital allocation in AI startups.
Referenced Coverage & Sources
Benchmark raises its first-ever growth fund as part of $2B capital haul
TechCrunch Venture•Jun 4, 2026
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