
Benchmark has raised its first-ever growth fund as part of a $2 billion capital raise, marking a significant shift from its over 20-year tradition of keeping its funds at around $425 million. This move indicates a change in the company’s investment strategy, as it now aims to invest in larger and more mature companies to drive growth. With its new fund, Benchmark is looking to expand its investment scope and explore more opportunities, signaling a broader and more diverse approach to investing.
Source: TechCrunch
Benchmark Breaks Tradition with $2 Billion Growth Fund
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