Benchmark

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Enterprise software · Jul 27, 2026

Benchmark is a venture investment partnership based in the San Francisco Bay Area, backing technology founders at seed and Series A and continuing with companies through later financings.

Partner Chetan Puttagunta describes its early investing as work that can begin before a company has a product, revenue or operating metrics. The focus at that point is on the founding team and the business it intends to create.

Its relationship with tax software company Numeral illustrates continued participation: Benchmark led the Series A and also joined the company’s Series C. The financing relationship can therefore extend beyond the initial institutional round.

Sources
Rounds participated in
5
Confirmed lead rounds
1
2 roles undisclosed
New companies
4
First participation on record · 1 follow-on
Funding in participating rounds
$1B
5 disclosed · full round size, not this investor’s share

By stage

Series C+2
Seed1
Series A1
Series B1

By primary sector

AI3
Enterprise software2

By country

United States4
Sweden1

Rounds

5 in this selection
Legora

Legora develops AI software for law firms and in-house legal teams.

$550MSeries E
Participant
Hone

Persistent AI systems that learn company workflows and work toward ongoing business goals.

$60MSeed
Lead
Numeral

AI-powered software that automates sales tax and VAT compliance for global businesses.

$100MSeries C
Participant
Instinct

Develops a personal AI assistant that carries out everyday tasks through text and phone calls.

$250MSeries B
Role not disclosed
Deep Cogito

Post-training research lab building reinforcement learning and self-improving AI models

$43MSeries A
Role not disclosed