Benchmark has raised $2bn across two funds, including a $1.25bn growth vehicle, ending a two-decade discipline of ~$425m early-stage funds.

The legendary abandons its more than 20 year tradition of keeping its funds to about $425 million.

Benchmark raised approximately $2 billion across two new funds, including its first-ever $1.25 billion growth fund targeting mature startups after Cerebras

Benchmark has raised $2bn across two funds, including a $1.25bn growth vehicle, ending a two-decade discipline of ~$425m early-stage funds.

Benchmark Capital closed $2B across two new funds, ending its 20-year tradition of $425M caps. Here's what it means for venture capital and crypto.

Both funds are major departures from historical precedent.