Benchmark names fourth London GP

The US early-stage high-tech investor has appointed Mark Evans a general partner in the London office.

Benchmark Capital, the US venture capital firm focusing on high-tech investments, has made Mark Evans the fourth general partner at the firm’s European headquarters in London.

Prior to joining Benchmark, Mark was CEO of a Benchmark portfolio company, BridgeSpan, a software and services provider to financial institutions. Previously he spent fifteen years at Goldman Sachs, where he was a management committee member, and held senior management positions in Europe, Asia and the US.

Benchmark was one of a number of venture capital firms that announced reductions in its fund size earlier this year. In May the firm cut back its European fund to $500m, freeing investors from $250m of commitments. At the time, European partner Eric Archambeau said he was confident of achieving the same number of deals and that it was ‘possible to get 40 per cent of a company in today’s market for less than you used to pay for ten per cent’.

The firm’s most recent investment was in Nexagent, a UK data communications start-up founded by Charlie Muirhead. Atlas Venture and Benchmark Capital co-led the first round financing of £6.3m.