Benny Peretz

Managing Partner & Co-Founder at Greenoaks Capital

Reviewed Updated Mar 23, 2026

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Benny Peretz is co-founder and Managing Partner of Greenoaks Capital, which manages $15B+ and has generated $13B+ gross profits over 13 years (33% net IRR). His 25 verified investments focus on fintech (20%), e-commerce/marketplaces (16%), enterprise SaaS (16%), with distinctive global reach (Coupang in Korea, Deliveroo in UK, Personio in Germany). Greenoaks invests in concentrated, high-conviction positions ($25-75M checks) and continues building companies through public markets.

Location San Francisco, CA
Check Size $25M-$75M
Last Verified Investment Safe Superintelligence (Series B) — Apr 12, 2025
Social @BennyPeretz
Stage Focus
series-a series-b growth
Sector Focus
saas fintech e-commerce cybersecurity ai-ml developer-tools

Background

Benjamin “Benny” Peretz is the co-founder and Managing Partner of Greenoaks Capital, a San Francisco-based investment firm he founded in 2012 alongside Neil Mehta 12. The two started Greenoaks in what has been described as “a foul, borrowed backroom office of an insurance broker in San Francisco” 3. The firm is named after the street Mehta grew up on in Atherton, California 2.

Prior to founding Greenoaks, Peretz invested in public and private businesses globally at D.E. Shaw & Co., L.P., a quantitative investment firm 14. He also co-founded WRKSHP, described as a leading mobile gaming company 14.

Peretz holds a BSc in Economics from the Wharton School and a BAS from the School of Engineering and Applied Sciences at the University of Pennsylvania 14.

At Greenoaks, Peretz shares final investment authority with Mehta; every investment requires their unanimous agreement 5. The firm manages approximately $15 billion in assets with a team of roughly nine investment professionals, maintaining an unusually concentrated portfolio of approximately 55 core companies 67. Over its first 13 years, Greenoaks has generated over $13 billion in gross profits with a 33% net IRR 6.

Peretz has taken board seats at portfolio companies including Deliveroo (joined the board as part of the 2015 Series C) 8 and Clover Health (joined the board as part of the 2016 Series C) 9.

Stated Thesis

Greenoaks describes itself as making “concentrated, long-term investments in generational teams building enduring companies” 10. The firm publicly focuses on identifying “generation-defining technology companies with exceptional long-term growth potential” 711.

The firm’s stated approach emphasizes several principles:

  • Concentrated bets: Greenoaks invests in approximately 15 companies per fund, making large initial investments of $25M-$75M and reserving roughly 50% of each fund for follow-on investments 7.
  • Long-term partnership: The firm describes itself as maintaining “decades-long partnerships” with founders, blending venture capital with value investing principles 11.
  • Global focus: Greenoaks targets an estimated 50% North America / 50% international exposure 5.
  • Public equity continuation: Unlike most venture firms, Greenoaks holds and grows public equity positions rather than exiting at IPO 712.

Peretz has been described as playing the specific role of “extending the firm’s time horizon” within the partnership 3.

Inferred Thesis

Based on 25 verified investments in the portfolio table below, the following patterns emerge. Note: Greenoaks has made approximately 114-149 total investments 1013, so these 25 represent roughly 17-22% of the full portfolio. Percentages should be treated as indicative rather than definitive given this sample size.

Sector Distribution (25 verified investments)

  • Fintech / Payments: 5 of 25 (20%) – Stripe, Brex, Airwallex, Tipalti, Robinhood
  • E-commerce / Marketplaces: 4 of 25 (16%) – Coupang, Flipkart, Deliveroo, Carvana
  • Enterprise Software / SaaS: 4 of 25 (16%) – Airtable, Personio, Rippling, Navan
  • Cybersecurity: 3 of 25 (12%) – Wiz, Cyera, Clover Health (health-tech/insurance)
  • AI / Machine Learning: 2 of 25 (8%) – Safe Superintelligence, Databricks
  • Developer Tools / Infrastructure: 2 of 25 (8%) – Figma, Scale AI
  • Consumer / Social: 2 of 25 (8%) – Discord, Canva
  • Other (Fleet mgmt, Hospitality, Food): 3 of 25 (12%) – Motive, OYO, Toast

Stage Distribution

Greenoaks primarily invests at Series A and Series B, with significant follow-on through later stages 7. The firm’s most notable characteristic is its willingness to make extremely concentrated, high-conviction bets early and then continue investing through multiple rounds. The Coupang investment exemplifies this: Greenoaks invested approximately 40% of its initial $50M fund into Coupang’s Series B in 2014, a position that ultimately returned approximately $8 billion 1214.

Geographic Patterns

The portfolio shows genuinely global coverage: investments span the US (San Francisco Bay Area concentration), India (Flipkart, OYO), South Korea (Coupang), UK (Deliveroo), Australia (Airwallex, Canva), Germany (Personio), Israel (Wiz, Cyera), and others. This is consistent with the firm’s stated 50/50 US/international split 5.

Notable Gaps vs. Stated Thesis

Greenoaks claims to focus on “generation-defining” companies broadly, but the portfolio reveals a strong bias toward companies with network effects, marketplace dynamics, or infrastructure-layer positions. Pure consumer apps and hardware companies are notably absent from the verified portfolio.

Co-investor Patterns

Frequent co-investors include Sequoia Capital (Wiz, Stripe), Index Ventures (Deliveroo, Wiz), Insight Partners (Wiz), and Lightspeed Venture Partners (Safe Superintelligence, Cyera).

Portfolio

Company Year Stage Source
Coupang 2014 Series B 14
Flipkart 2014 Series E 15
Deliveroo 2015 Series C (co-led) 8
Clover Health 2016 Series C (led) 9
Tipalti ~2020 Series E 16
Wiz 2021 Series B 17
Wiz 2021 Series C (led) 18
Airtable 2021 Series E (led) 19
Airwallex 2021 Series D (led) 20
Personio 2021 Series E (led) 21
Brex 2022 Series D-2 (co-led) 22
Carvana ~2022 Public equity 23
Rippling 2023 Series E (led) 24
Wiz 2023 Series D (co-led) 18
Cyera 2025 Series E (co-led) 25
Cyera 2025 Series F 25
Safe Superintelligence 2025 Series B (led) 26
Stripe ~2019 Growth (round undisclosed) 6
Discord 2020 Series H (led) 27
Toast 2020 Series F 28
Figma 2024 Series F 29
Databricks 2021 Series G 30
Scale AI 2021 Series E 31
Canva 2021 Series F 32
Robinhood 2017 Series C 33
OYO 2014 Series A 34
Motive 2019 Series D (led) 35
Navan 2021 Series F (led) 36

Note: This table represents approximately 17-22% of Greenoaks’ estimated 114-149 investments. Stripe’s specific round is undisclosed but confirmed as a growth-stage investment. All other entries have verified years and rounds cited to specific press coverage, filings, or aggregator data.

In Their Own Words

On Deliveroo (2015): “The team at Deliveroo is fanatical about delivering great food. They’ve assembled an extensive network of delicious restaurants and matched it with innovative engineering, data science, and logistics capabilities to provide unparalleled food quality and rapid delivery times.” – Benny Peretz, quoted in Index Ventures announcement, July 2015 8.

On Clover Health (2016): “By combining a data-driven approach to improving health outcomes and a genuine desire to delight its members, Clover offers a Medicare Advantage plan that creates a truly positive impact.” – Benny Peretz, quoted in Clover Health press release, May 2016 9.

On the investment process: “I want to be very explicit about this. Neil joins every single investment process from the very first meeting with the founder.” – Benny Peretz, quoted in The Visions of Neil Mehta, Colossus, April 2025 3.

Neil Mehta on his partnership with Peretz: “Benny has an astonishing ability to step back and remind everyone, including me, what we’re trying to optimize for over the long term.” – Neil Mehta, quoted in The Visions of Neil Mehta, Colossus, April 2025 3.

What Founders Say

Parker Conrad, CEO of Rippling: “Greenoaks has been an investor in almost every one of Rippling’s rounds, and Neil is a longtime supporter of the company.” – Parker Conrad, Rippling blog post announcing Series E, March 2023 24.

Note: This quote references Greenoaks and Neil Mehta rather than Benny Peretz specifically. No independently sourced founder testimonials specifically about Benny Peretz were found. The Colossus profile of Greenoaks (April 2025) includes interviews with founders Bom Kim (Coupang) and Parker Conrad (Rippling), but the full transcript was not accessible for verbatim quote extraction.

Sources

  1. “Benny Peretz - Managing Partner @ Greenoaks.” Crunchbase Person Profile. https://www.crunchbase.com/person/benjamin-peretz. Accessed March 2026. ↩↩↩↩

  2. “Greenoaks Capital Partners.” BusinessABC Wiki. https://businessabc.net/wiki/greenoaks-capital-partners. Accessed March 2026. ↩↩

  3. “The Visions of Neil Mehta.” Colossus, April 2025. https://colossus.com/article/the-visions-of-neil-mehta-greenoaks/. Accessed March 2026. ↩↩↩↩

  4. “Benny Peretz, Greenoaks Capital Management LLC: Profile and Biography.” Bloomberg Markets. https://www.bloomberg.com/profile/person/19291210. Accessed March 2026. ↩↩↩

  5. “Public Investment Memorandum: Greenoaks Capital Opportunities Fund V LP.” Pennsylvania Public School Employees’ Retirement System, 2022. https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/board3/resolutions/2022/greenoak%20capital%20opportunities%20fund%20v%20lp%20-%20public%20im.pdf. Accessed March 2026. ↩↩↩

  6. “Greenoaks eyes largest fund yet to back ‘generation-defining’ companies.” Buyouts Insider. https://www.buyoutsinsider.com/greenoaks-coming-off-big-wiz-win-eyes-largest-fund-to-back-generational-companies/. Accessed March 2026. ↩↩↩

  7. “Greenoaks – Investment Thesis & Preferences.” F4 Fund. https://f4.fund/firms/greenoaks. Accessed March 2026. ↩↩↩↩↩

  8. “Deliveroo raises $70m for further international expansion.” Index Ventures, July 28, 2015. https://www.indexventures.com/perspectives/deliveroo-raises-70m-for-further-international-expansion/. Accessed March 2026. ↩↩↩

  9. “Clover Health Raises $160 Million Series C Funding Round.” GlobeNewsWire, May 23, 2016. https://www.globenewswire.com/news-release/2016/05/23/1422539/0/en/Clover-Health-Raises-160-Million-Series-C-Funding-Round.html. Accessed March 2026. ↩↩↩

  10. “Greenoaks - Crunchbase Company Profile & Funding.” Crunchbase. https://www.crunchbase.com/organization/greenoaks-capital. Accessed March 2026. ↩↩

  11. “Greenoaks Capital Opportunities Fund VI - Fund Profile.” InforCapital. https://inforcapital.com/funds/greenoaks-capital-opportunities-fund-vi/. Accessed March 2026. ↩↩

  12. “Greenoaks.” VC Fund Breakdown, VCSheet. https://www.vcsheet.com/fund/greenoaks. Accessed March 2026. ↩↩

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  14. “Coupang - 2025 Funding Rounds & List of Investors.” Tracxn. https://tracxn.com/d/companies/coupang/__2W4byphrK0Vy0wVzQqzO7qduJBK1YICjLbpGx4RwPVU/funding-and-investors. Accessed March 2026. ↩↩

  15. “Flipkart raises $700 million in latest round of funding.” Digital Commerce 360, December 22, 2014. https://www.digitalcommerce360.com/2014/12/22/flipkart-raises-700-million-latest-round-funding/. Accessed March 2026. ↩

  16. “Tipalti Raises $150 Million in Series E Funding.” CPA Practice Advisor, October 2020. https://www.cpapracticeadvisor.com/accounting-audit/news/21157197/tipalti-raises-150-million-in-series-e-funding. Accessed March 2026. ↩

  17. “Wiz becomes fastest growing security startup ever with new $1.7B valuation.” Wiz Blog, March 2021. https://www.wiz.io/blog/wiz-fastest-growing-security-startup-ever-with-new-valuation. Accessed March 2026. ↩

  18. “Neil Mehta.” Wikipedia. https://en.wikipedia.org/wiki/Neil_Mehta. Accessed March 2026. ↩↩

  19. “Airtable is now valued at $5.77B with a fresh $270 million in Series E funding.” TechCrunch, March 15, 2021. https://techcrunch.com/2021/03/15/airtable-is-now-valued-at-5-77b-with-a-fresh-270-million-in-series-e-funding/. Accessed March 2026. ↩

  20. “Airwallex’s latest US$100 million capital raising puts valuation at US$2.6 billion.” Airwallex Newsroom, 2021. https://www.airwallex.com/newsroom/airwallexs-latest-capital-puts-valuation-at-usd-2-6-billion. Accessed March 2026. ↩

  21. “Milbank Advises Personio on Its $200M Second Series E Financing Round Led by Greenoaks.” Milbank LLP. https://www.milbank.com/en/news/milbank-advises-personio-on-its-dollar-200-million-dollar-second-series-e-financing-round-led-by-greenoaks.html. Accessed March 2026. ↩

  22. “Brex Appoints Karandeep Anand as Chief Product Officer; Raises $300 Million in Series D-2 Round.” Brex, January 2022. https://www.brex.com/journal/press/brex-appoints-karandeep-anand-as-chief-product-officer-raises-usd300-million-in-series-d-2-round. Accessed March 2026. ↩

  23. “CVNA shares owned by Greenoaks Capital Partners - Historical positions.” StockZoa. https://stockzoa.com/ticker/cvna/ownership/greenoaks-capital-partners-llc/. Accessed March 2026. ↩

  24. “Rippling raises $500M in Series E financing.” Rippling Blog, March 17, 2023. https://www.rippling.com/blog/rippling-raises-500m-in-series-e-funding. Accessed March 2026. ↩↩

  25. “AI-Native Security Leader Cyera Doubles Customer Base in Six Months, Reaching $6 Billion Valuation.” Cyera Press Release, June 2025. https://www.cyera.com/press-releases/ai-native-security-leader-cyera-doubles-customer-base-in-six-months-reaching-6-billion-valuation. Accessed March 2026. ↩↩

  26. “Ilya Sutskever’s Safe Superintelligence raises $2B at $32B valuation.” Calcalist Tech, April 2025. https://www.calcalistech.com/ctechnews/article/hjfywdtajl. Accessed March 2026. ↩

  27. “Update: Discord confirms raising $100M at a valuation of $7B.” TechCrunch, December 17, 2020. https://techcrunch.com/2020/12/17/filing-discord-is-raising-up-to-140m-at-a-valuation-of-up-to-7b/. Accessed April 2026. ↩

  28. “Toast Announces $400M in Series F Funding.” Toast, February 14, 2020. https://pos.toasttab.com/news/toast-announces-400m-in-series-f-funding. Accessed April 2026. ↩

  29. “Figma confirms undisclosed funding round that brings its value to $12.5B.” SiliconANGLE, July 17, 2024. https://siliconangle.com/2024/07/17/figma-confirms-undisclosed-funding-round-brings-value-12-5b/. Accessed April 2026. ↩

  30. “Databricks Raises $1 Billion Series G Investment at $28 Billion Valuation.” Databricks Newsroom, February 2021. https://www.databricks.com/company/newsroom/press-releases/databricks-raises-1-billion-series-g-investment-at-28-billion-valuation. Accessed April 2026. ↩

  31. “Scale AI backer Greenoaks raises biggest fund yet.” Venture Capital Journal. https://www.venturecapitaljournal.com/scale-ai-backer-greenoaks-raises-biggest-fund-yet/. Accessed April 2026. ↩

  32. “Canva raises $200 million at a $40 billion valuation.” TechCrunch, September 14, 2021. https://techcrunch.com/2021/09/14/canva-raises-200-million-at-a-40-billion-valuation/. Accessed April 2026. ↩

  33. Robinhood funding rounds and investors. Tracxn. https://tracxn.com/d/companies/robinhood/__ftFGCJ3CCjzKvgmHzIC3I7cNIjrIk2k6uypP6P1qOWk/funding-and-investors. Accessed April 2026. ↩

  34. OYO funding rounds and investors. Tracxn. https://tracxn.com/d/companies/oyo/__4WYOfbQ8dZW1qkRczPYOvhjiKi-yVahNF_FWeMXP0tk/funding-and-investors. Accessed April 2026. ↩

  35. “KeepTruckin Raises Series D Funding of $149 million.” Index Ventures, April 2019. https://www.indexventures.com/perspectives/keeptruckin-raises-series-d-funding-of-149-million-to-serve-the-740-billion-trucking/. Accessed April 2026. ↩

  36. “TripActions Earns $7.25B Valuation.” Navan blog, October 2021. https://navan.com/blog/tripactions-raises-275-million-series-f. Accessed April 2026. ↩

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