Benchstrength Secures $62M for Debut Early-stage Fund

Benchstrength on December 18 announced closing its early-stage venture capital fund with capital commitments of $62M.

The New York City-based venture capital firm's maiden fund garnered support from investors including 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.

Benchstrength targets high-potential pre-seed and seed-stage technology companies involved in the enterprise, consumer, fintech and healthcare sectors. So far, it has 20 portfolio investments.

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Written By: Dakota

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