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Alternative Market Briefing

Benchstrength closes latest fund on $62M

Monday, December 23, 2024

Bailey McCann, Opalesque New York:

Benchstrength, a NYC-based venture capital firm has closed its latest fund on $62 million. The fund's investors include the Ford Foundation, GCM Grosvenor, Goldman Sachs Asset Management, Churchill Asset Management, Fairview Capital, Bank of America, Citi Impact Fund, General Catalyst, Village Global, The Kapor Foundation, The Equity Alliance, and First Close Partners.

In addition to institutional investors, the firm is backed by individual investors, including Henry Kravis, Ursula Burns, Mellody Hobson, Peggy Koenig, Clara Wu Tsai, Tim Barakett, Les Brun, Ron Conway, David Grain, among others.

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