Venture Capital Firms in Bay Area – Benchmark Capital – San Francisco, CA – 19/50
Other Areas of Focus: Cloud Computing, Consumer Services and Financial Services, Enterprise Software & Services, SaaS, Web Hosting
Total Capital: $1.25 billion
Notable Investments: Prosper, Wealthfront, Zopa, ZipRealty, Xapo, Zuora
Benchmark is a venture capital firm based in San Francisco that provides seed money to startups.
The firm’s most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019.
Successful companies funded by the firm includ e Dropbox,Twitter, Uber,Snapchat,Instagram,Discord,Domo,New Relic,Nextdoor,Stitch Fix,WeWork,Yelp,Zendesk,Zillow and Zipcar.
Since early 2011, Benchmark has had 37 exits, including 14 IPOs and 23 mergers and acquisitions, representing a total market value of more than $60 billion. By 2015, Benchmark’s eight funds had paid out $22.6 billion to investors, and its backers received a 1,000% gain net of fees over the prior decade.
The firm manages nearly $3 billion in committed capital and has been widely recognized for its commitment to the open-source model.
Benchmark Capital was formed in 2015 with a mission to power the highest quality firms in the Financial Services profession.
Our Group companies bring together all the jigsaw pieces in an otherwise fragmented industry. Our best-in-class technology solutions, discretionary platform and support services provide competitive advantage to over 120 leading National and Regional firms.