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Former Benchmark investors raise $1.252 billion for Diffusion ONE

Former Benchmark investors raise $1.252 billion for Diffusion ONE Image: Primary
Former Benchmark investors Victor Lazarte and Kris Fredrickson have raised $1.252 billion for their debut AI fund, Diffusion ONE, TechCrunch reported from SEC filings. The total exceeds the $800 million target Forbes reported in May. The firm has already co-led Harvey's $550 million Series H with Lightspeed Ventures and participated in Etched's $300 million Series C, announced in July. Other filings show additional fundraising ambitions rather than completed raises: Trust Ventures filed Monday to seek $400 million for Fund V, while deep-tech investor Interlagos Capital is raising a $400 million Fund II.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Venture Capital News | TechCrunch and reviewed by the T&B editorial agent team.
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