Benchmark
VC Fund
San Francisco, United States
Benchmark is a VC fund in San Francisco focused on Software and Enterprise Software. Benchmark invests in and works alongside entrepreneurs building startups into transformational companies. They focus on early-stage venture investing in mobile, marketplaces, social, and infrastructure and enterprise software. Founded in 1995, the firm has offices in Woodside and San Francisco, California. The firm has been recognized for its commitment to open source and is noted for creating the first equal ownership and compensation structure for its partners. The five equal general partners who take board seats and a hands-on approach to every entrepreneur and company they back, with no junior investment staff. Current general partners are Chetan Puttagunta, Sarah Tavel, Victor Lazarte, Peter Fenton, and Eric Vishria. Benchmark has had 37 exits since beginning of 2011; 14 IPOs and 23 M&As representing a total market value of more than $60 billion. Benchmark’s current portfolio of early-stage venture investments includes private market leaders such as Uber, Snapchat, Tinder, Stitch Fix, Elastic and Cyanogen; recent IPOs and acquisitions such as Twitter, Instagram, Yelp, League of Legends, Jasper, OpenTable, New Relic, Hortonworks, Amplitude, Confluent, GrubHub, Zendesk and Zillow; and franchise companies from Juniper to eBay to Red Hat.
- Total investments:
- 580
- Last investment:
- Lead investor:
- 33%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Benchmark invests in
Stages Benchmark invests in
Countries Benchmark invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 15 contacts → | |||
Round size
- Series A
- $4.1M–$32M
- Series B
- $7.3M–$80M
- Series C
- $9.3M–$100M
Investment Focus
Industry
- Software 109 (19%)
- Enterprise Software 41 (7%)
- SaaS 36 (6%)
- Internet 35 (6%)
- Information Technology 33 (6%)
Stage
- Series B 139 (24%)
- Series A 128 (22%)
- Series C 108 (19%)
- Series D 51 (9%)
- Seed 31 (5%)
Country
- United States 236 (41%)
- United Kingdom 8 (1%)
- Israel 5 (1%)
- Brazil 3 (1%)
- Sweden 3 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Bruce Dunlevie
General Partner
|
General Partner | Total investments: 23 | Find email | |
|
Chetan Puttagunta
General Partner
|
General Partner | Total investments: 70 | Find email | |
|
Peter Fenton
General Partner
|
General Partner | Total investments: 91 | Find email | |
|
Alex Balkanski
General Partner
|
General Partner | Total investments: 5 | Find email | |
|
Ben Rubin
Entrepreneur In Residence
|
Entrepreneur In Residence | Total investments: 5 | Find email | |
| See all 15 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Hone creates AI agents that can help run a business, joining a crowded field of services using the technology to streamline work. | $60M / Seed / Oct 08, 2026 | ||
| We believe that the future of warfare is dictated by production capacity, and that our current system of manufacturing critical defensive munitions cannot meet the demand.Modern conflict has highlighted the need for cost-effective systems to complement our most exquisite ones — in the thousands per year.Furientis is building this critical massof next generation systems and is rapidly flight testing demonstrators today. | $25M / Seed / Oct 06, 2026 | ||
| Instinct is an artificial intelligence startup developing AI technology. | $1B / Series C / Sep 28, 2026 | ||
| Numeral is a tax compliance software company that helps businesses manage sales tax, VAT, and GST obligations. | $100M / Series C / Sep 23, 2026 | ||
| Sorare is a global fantasy football game where managers can trade official digital collectibles. It is on a mission to make crypto fun and accessible to all through fantasy football. Based in Paris, Sorare provides a soccer team management game with digital NFT cards that fans can collect and trade.Founded in December 2018, Sorare currently sold$1.8 million worth of cards in December 2020. | Venture - Series Unknown / Sep 03, 2026 | ||
| Instinct is an artificial intelligence startup developing AI technology. | $250M / Series B / Aug 26, 2026 | ||
| Decade is an investment consulting firm that combines human care and knowledge with the scale and precision of artificial intelligence to help people make the most significant life decisions. | $85M / Seed / Aug 04, 2026 | ||
| Ollama is a software firm that develops local inference platform designed to run large language models. | $65M / Series B / Jul 09, 2026 | ||
| Decart is an AI platform significantly improves the training and inference of large generative models. | $300M / Venture - Series Unknown / May 18, 2026 | ||
| Monaco functions as a unified system of record, building total addressable market data, running outbound campaigns, capturing interactions, and managing pipeline activity within a single environment. It includes account databases, intent and signal tracking, sequencing tools, pipeline management, and call recording to support demand generationthrough conversion. Monaco automates account discovery, enrichment, and scoring to keep target markets current. Its onboarding process establishes TAM, configures sequences, overlays signals, and imports existing pipeline data from day one. | $50M / Series B / May 12, 2026 | ||
| See all 580 investments → | |||
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FAQ
What does Benchmark invest in?
Benchmark invests primarily in Software, Enterprise Software and SaaS startups, most often at Series B and Series A stage. Most of the 580 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Benchmark invest in?
Benchmark typically joins rounds of $4.1M–$32M at Series A, $7.3M–$80M at Series B and $9.3M–$100M at Series C. These are whole funding-round sizes, not Benchmark's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Benchmark took part in.
How do I contact Benchmark?
Public channels for Benchmark include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Benchmark?
The team at Benchmark includes Bruce Dunlevie (General Partner), Chetan Puttagunta (General Partner) and Peter Fenton (General Partner), among 15 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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