Benchmark is a San Francisco-based venture capital firm that invests in seed-stage, early-stage, and later-stage companies in software, communication, consumer service, and financial services sectors. The firm has invested in over 250 startups with a market value exceeding $100 billion, including eBay, Zillow, and Instagram. Benchmark has a focus on social, mobile, local, and cloud companies and has offices in Menlo Park and San Francisco.