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Peter Fenton

Venture Capitalist · Benchmark Capital

Enterprise software investing, SaaS, open source companies, Benchmark partnership model

Peter Fenton joined Benchmark Capital in 2006 and built one of the strongest enterprise and developer software investment records in venture capital. His portfolio includes Twitter (where he served on the board for years), Yelp, Zendesk, New Relic, Elastic, Docker, and Heroku. Fenton is known for his focus on developer-first companies and enterprise infrastructure — a category that became central to tech investing in the 2010s. He is part of Benchmark's distinctive equal-partnership model where no partner is elevated above others. His board work at Zendesk, guiding the company's growth from a small customer service software startup to a publicly traded company with billions in revenue, exemplified his approach of providing patient, founder-aligned guidance through the complex challenges of scaling enterprise software businesses.

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