Benchmark Closes $750M European Fund

Targets early stage hitech startups

May 25, 2000

1 Min Read

Barcelona, Spain -- Benchmark Capital, Silicon Valley's leading early-stage high-tech venture capital firm, today announced that it has closed Benchmark Europe I, a fund dedicated to the European technology market, with $750 million in committed capital. Originally targeted at $500 million, Benchmark Europe I drew tremendous interest from both institutional investors and influential Internet executives and entrepreneurs, leading the firm to dramatically increase the size of the fund.

Investors in the fund include founders and leaders of companies such as Ariba, Be, eBay, Loudcloud, Phone.com and Scient among many others. The fund's first investment is in UK-based Flutter.com, the world's first Web site designed to facilitate the popular European pastime of legalized person-to-person betting.

http://www.benchmark.com/news/articles/bm_euro_750m.html

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