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NEW YORK--(BUSINESS WIRE)--Benchstrength is a NYC-based venture capital firm whose mission is to invest in high-potential early-stage technology companies, has announced the close of its first fund. 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. Led by former General Catalyst investors, Ken Chenault Jr. and John Monagle, Benchstrength is focused on investing in pre-seed and seed stage technology companies across enterprise, consumer, fintech and healthcare. In addition to institutional investors, the firm is backed by world-class 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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