Updated: July 19, 2026
Updated: July 19, 2026
Founder interest on IncubatorList
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Profile views (30d)
44
Funding raised
$750M
About the program
Program type
Investment stage
Investment focus areas
Description
Benchmark XII is the twelfth flagship early-stage fund from Silicon Valley's Benchmark, part of a roughly $2B raise that included the firm's first-ever dedicated growth fund. The raise follows a $3.25B windfall from Cerebras's IPO. Benchmark runs a distinctive equal-partnership model with no managing partner, and the flagship continues its generalist technology thesis at seed and early stages.