VC Victor Lazarte is leaving the benchmark to launch his own company

Two years after being a top shelf company benchmark venture capitalist, Victor Lazarte has left the company to start his own investment gig, he announced x Thursday x.

Lazarte has become known for its co-founding technology of Wildlife Studios, the mobile gaming company last valued at an estimated $3 billion in 2020. Wildlife raised funds from numerous VCs, including benchmarks.

For two years at the benchmark, Lazarte invested in startup recruitment and data labeling Mell CallAI video intelligence platform Heygen, and AI Infrastructure Company Cut through what you have.

Lazarte is off the benchmark to “build new investment practices,” he wrote in the post. Sources said he recently informed his portfolio company about his plans to leave the benchmark.

Lasalte is the second investor to step down from this year’s benchmark partnership. Sarah Tabel announced in April that she was transitioning to Venture Partners.

After Lazarte’s departure, the remaining partners of the renowned company include Peter Fenton, Eric Vishria and Chetan Puttagunta.

Unlike most VC companies where senior partners typically receive a larger share of management fees and profits, the benchmark operates as Equal partnershipsall common partners split the fees and returns evenly. The Benchmark and Lazarute did not immediately respond to requests for additional comment.