Benchmark Capital | Benchmark 12

vc$2BCo-investsLeads rounds

◆ Fund Size

$2B

◆ Check Size

$1.0M→$20.0M

◆ Location

United States

◆ Activity

Statusactively investing

◆ Links

Website ↗@benchmark on X ↗

◆ Investment Thesis

Early-stage venture capital with a newer dedicated growth-stage arm; historically known for backing a small number of young startups with concentrated ownership.

◆ About Benchmark Capital

Silicon Valley venture capital firm best known for early investments in consumer and enterprise software companies; in 2026 it expanded from its traditional early-stage focus into growth investing.

◆ Sectors

Enterprise SoftwareDeveloper ToolsConsumer AppsSocial & CommunityE-commerceMarketplacesStreaming & Media

◆ Stages

seedseries-aseries-b

◆ Geography Focus

GermanyNew York CitySan Francisco Bay AreaUnited KingdomUnited States

◆ Team

Name	Title	Role	Links
Andy Rachleff	General Partner	—
Bill Gurley	General Partner	—
Bruce Dunlevie	General Partner	—	in
Eric Vishria	General Partner	—	in 𝕏
Peter Fenton	General Partner	—	in 𝕏

◆ Tracked Investments

◆ Notable Investments

AnysphereCerebras SystemsLegoraSundayGumloopInstinctOllamaFomoMonaco

◆ Traits

Leads rounds

Co-invests

◆ FAQ

What does Benchmark 12 invest in?

Benchmark 12 invests in Enterprise Software, Developer Tools, Consumer Apps, Social & Community, E-commerce, Marketplaces and Streaming & Media at the seed, series-a and series-b stages.

Which geographies does Benchmark 12 focus on?

Benchmark 12 focuses on Germany, New York City, San Francisco Bay Area, United Kingdom and United States, and is headquartered in United States.

What is Benchmark 12's typical check size?

Benchmark 12 typically writes checks of $1M to $20M.

Which startups has Benchmark 12 backed?

Benchmark 12 has 2 tracked investments on Fusion42, including Furientis and Tendrils Compute.