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Venture Capital
FINANCE | Investment Firms & Funds
benchmark.com

Investments

826

Portfolio Exits

199

Funds

27

Partners & Customers

2

Service Providers

1

About Benchmark

Benchmark is a venture capital firm. It invests in seed-stage, early-stage, and later-stage companies operating in the software, communication, consumer service, and financial services sectors. The company was founded in 2000 and is based in San Francisco, California.

Headquarters Location

988 Market Street

San Francisco, California, 94102,

United States

650-854-8180

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Expert Collections containing Benchmark

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Benchmark in 5 Expert Collections, including HR Tech.

H

HR Tech

65 items

S

Store tech (In-store retail tech)

56 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

E

Education Technology (Edtech)

58 items

C

CB Insights Smart Money Investors

25 items

Research containing Benchmark

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Benchmark in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Benchmark News

Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

Feb 13, 2024

February 13, 2024 at 07:00 am EST Share SAN FRANCISCO, Feb 13 (Reuters) - Circuit board designstartup Quilter announced on Tuesday it raised $10 million,saying it would use artificial intelligence to reduce the timeto design components that power electronics in rockets,computers, smartphones and other devices. The $10 million Series A round was led by one of SiliconValley's most storied venture capital firms, Benchmark, whichmade early bets on eBay, Uber, Snapand Meta Platforms' Instagram. The company did notdisclose the valuation. The Los Angeles-based company's software uses a form ofartificial intelligence similar to what Google employed todefeat a Chinese grand master at the ancient game of Go.Quilter's technology becomes better at building circuit boardsover time and the company plans to completely automate theprocess. "Just because (software) got to 90% completion doesn't meanit did 90% of the work," Quilter CEO Sergiy Nesterenko said inan interview with Reuters. "That remaining 10% of the work thatis left is really, really difficult." Fully automating circuit board design will speed up theprocess from months to weeks or days, Nesterenko said. There arealso ways to reduce costs and increase the efficiency of boards. The market for printed circuit board design is roughly $40billion to $50 billion and will continue to grow substantially,Nesterenko said. Labor costs now account for the majority ofthat spending. Founded in 2019, Quilter has 12 employees, who workremotely. Chip software tool maker Cadence Design Systems hasa circuit board business, as do others such as Altiumand Autodesk. While they use software for some steps incircuit board design, much of it remains manual, Nesterenkosaid. The Benchmark general partner who led the investment, EricVishria, took a board seat at Quilter, as is typical with thefirm's investments. The Menlo Park, California venture firm became interested inQuilter because the number of electronics in the world israpidly increasing, and AI has developed the potential to fullyautomate the circuit board design process, Vishria said. (Reporting by Max Cherney in San Francisco; Editing by CynthiaOsterman) Share

Benchmark Investments

826 Investments

Benchmark has made 826 investments. Their latest investment was in Quilter as part of their Series A on February 13, 2024.

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Benchmark Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/13/2024

Series A

Quilter

$10M

Yes

2

2/13/2024

Seed VC - II

Sierra

$85M

No

3

11/16/2023

Series A

Bezi

$13M

Yes

3

8/8/2023

Series A - III

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10

6/23/2023

Seed VC

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$99M

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10

Date

2/13/2024

2/13/2024

11/16/2023

8/8/2023

6/23/2023

Round

Series A

Seed VC - II

Series A

Series A - III

Seed VC

Company

Quilter

Sierra

Bezi

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Amount

$10M

$85M

$13M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

3

3

10

10

Benchmark Portfolio Exits

199 Portfolio Exits

Benchmark has 199 portfolio exits. Their latest portfolio exit was Robocorp on January 29, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/29/2024

Acquired

$99M

2

1/4/2024

Acquired

$99M

1

8/22/2023

Acquired

$99M

3

3/16/2023

Acquired

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$99M

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10

1/12/2023

Acquired

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$99M

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10

Date

1/29/2024

1/4/2024

8/22/2023

3/16/2023

1/12/2023

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

3

10

10

Benchmark Acquisitions

4 Acquisitions

Benchmark acquired 4 companies. Their latest acquisition was Oculus Wealth Management on December 12, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/12/2022

$99M

Acq - Fin

1

6/4/2020

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$99M

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10

3/31/2005

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$99M

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10

6/19/2003

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$99M

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10

Date

12/12/2022

6/4/2020

3/31/2005

6/19/2003

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

10

10

10

Benchmark Fund History

27 Fund Histories

Benchmark has 27 funds, including Benchmark Founders' Fund X.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/21/2020

Benchmark Founders' Fund X

$122.5M

1

5/19/2020

Benchmark Capital Partners X

$425M

2

12/18/2019

Benchmark WS SPV

$38.13M

1

10/16/2018

Benchmark Founders' Fund IX

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$99M

10

1/25/2016

Benchmark Capital Partners VII - Annex

$99M

10

Closing Date

5/21/2020

5/19/2020

12/18/2019

10/16/2018

1/25/2016

Fund

Benchmark Founders' Fund X

Benchmark Capital Partners X

Benchmark WS SPV

Benchmark Founders' Fund IX

Benchmark Capital Partners VII - Annex

Fund Type

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Status

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Amount

$122.5M

$425M

$38.13M

$99M

$99M

Sources

1

2

1

10

10

Benchmark Partners & Customers

2 Partners and customers

Benchmark has 2 strategic partners and customers. Benchmark recently partnered with Enterprise Health on January 1, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

1/24/2023

Partner

United States

Benchmark Partners with Enterprise Health to Expand Occupational Health Offering

Benchmark Digital Partners is pleased to announce its new partnership with Enterprise Health , an occupational health software company .

1

3/29/2019

Vendor

United States

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10

Date

1/24/2023

3/29/2019

Type

Partner

Vendor

Business Partner

Country

United States

United States

News Snippet

Benchmark Partners with Enterprise Health to Expand Occupational Health Offering

Benchmark Digital Partners is pleased to announce its new partnership with Enterprise Health , an occupational health software company .

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Sources

1

10

Benchmark Service Providers

1 Service Provider

Benchmark has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Benchmark Team

27 Team Members

Benchmark has 27 team members, including current Chief Financial Officer, Jill Jarrett.

Name

Work History

Title

Status

Jill Jarrett

Chief Financial Officer

Current

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Name

Jill Jarrett

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Work History

Title

Chief Financial Officer

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Status

Current

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