Menlo Ventures

Venture capital firm
Menlo Park, California, USAFounded 1981www.menloventures.com

Venture firm investing in enterprise, AI, cybersecurity, and healthcare companies from seed through Series B.

Strategy

Stages
SeedSeries ASeries B
Sectors
EnterpriseAICybersecurityHealthcare
Geographies
USAMenlo Park, California, USA
Check size
$1M–$50M

Recent changes

  1. Sep 5, 2026Check size updated: $1M–$50M menloventures.com
  2. Sep 5, 2026Sectors updated: Enterprise, AI, Cybersecurity, Healthcare menloventures.com
  3. Sep 5, 2026Stages updated: Seed, Series A, Series B menloventures.com
  4. Sep 4, 2026Invested in Gimlet Labs (Series B, $300M) GlobeNewswire
  5. Aug 17, 2026Invested in Wispr Flow (Series B, $280M) TechCrunch
Earlier changes (15)
  1. Aug 17, 2026Invested in Wispr (Series B, $280M) TechCrunch
  2. Aug 12, 2026Follow-on: Invested in Lovable (Series C, $400M) TechCrunch
  3. Aug 3, 2026Menlo Ventures Calls This a 'Rare Land-Grab Moment' in AI Pulse story
  4. Jul 28, 2026New fund: Menlo LV Partners (target $40M) SEC EDGAR Form D
  5. Jul 22, 2026Anthropic Hits $47B Revenue Run Rate, Menlo Says Pulse story
  6. Jul 17, 2026Invested in Chai Discovery (Series C, $400M) Crunchbase News
  7. Jul 16, 2026Menlo Ventures Posts 40%+ IRR After Anthropic Bet Pulse story
  8. Jun 24, 2026Invested in Assort Health (Series C, $120M) Menlo Ventures
  9. Jun 24, 2026Menlo Ventures Raises $3B -- Its Largest Fund Ever -- After Its Anthropic Bet Turned Into ~$14B Pulse story
  10. Jun 3, 2026Invested in Suno (Series D, $400M+) Music Business Worldwide
  11. Jan 15, 2026Invested in Higgsfield (Series A, $80M extension ($130M+ total Series A)) PR Newswire
  12. Dec 18, 2025Invested in Lovable (Series B, $330M) TechCrunch
  13. Aug 28, 2025New fund: Menlo Ventures Venture Fund XVII (target $700M) SEC EDGAR Form D
  14. Mar 3, 2025Invested in Anthropic (Series E, $3.5B) TechCrunch
  15. Jul 2024New fund: Menlo Anthropic Economic Futures Fund ($100M) TechCrunch

Funds

7
FundVintageSizeStrategySource
Menlo LV Partners2026$3BFlagship
As of Jun 2026SEC EDGAR Form D
Menlo Ventures Venture Fund XVII2025target $700MVenture
As of Aug 28, 2025SEC EDGAR Form D
Menlo Anthropic Economic Futures Fund2024$100MOtherco-investment fund with Anthropic backing AI startups
As of Jul 2024TechCrunch
Menlo Ventures Venture Fund XVI2023target $25MVenture
As of Dec 18, 2023SEC EDGAR Form D
Menlo Ventures Fund2023$1.35BFlagshipAI startups
As of Nov 2023TechCrunch
Show 2 earlier funds
FundVintageSizeStrategySource
Menlo Ventures Venture Fund XV2021$5MVenture
As of Jan 25, 2021SEC EDGAR Form D
Menlo Ventures Venture Fund XIV2017$450MVenture
As of May 18, 2017SEC EDGAR Form D

Portfolio

10 total
AnthropicGimlet LabsWisprWispr FlowLovableChai DiscoveryAssort HealthSunoOpenRouterHiggsfield

Recent Investment Activity

10
DateCompanyEventAmountValuationInvestorsSource
Sep 4, 2026Gimlet LabsSeries B$300M$3B
Andreessen HorowitzMenlo VenturesSapphire VenturesFactoryM12 (FKA Microsoft Ventures)ArmMarchMicrosoft's M12 venture arm
outlined = lead
GlobeNewswire
Aug 17, 2026WisprSeries B$280M$2 billion
Menlo Ventures
outlined = lead
Pulse story
Aug 17, 2026Wispr FlowSeries B$280M$2B
Menlo VenturesAcrew CapitalForerunner VenturesGoodwater CapitalPeak XV PartnersNotable CapitalNeo VenturesTogether FundPLUS Capital
outlined = lead
TechCrunch
Aug 12, 2026LovableSeries C$400M$13.3B
Menlo VenturesScaleup Europe Fund
outlined = lead
TechCrunch
Jul 17, 2026Chai DiscoverySeries C$400M$3.8 billion
Index VenturesSequoia CapitalDimensionKleiner PerkinsBaillie GiffordBain Capital VenturesBattery VenturesMenlo VenturesSapphire Ventures
outlined = lead
Pulse story
Jun 24, 2026Assort HealthSeries C$120M$1.2B
Menlo Ventures
outlined = lead
Menlo Ventures
Jun 3, 2026SunoSeries D$400M+$5.4B
BondIVP (Institutional Venture Partners)Forerunner VenturesUnion Square VenturesAlkeon CapitalQuiet CapitalMatrix PartnersLightspeed Venture PartnersMenlo VenturesSchroders Capital
outlined = lead
Music Business Worldwide
Jan 15, 2026HiggsfieldSeries A$80M extension ($130M+ total Series A)$1.3B+
AccelCapital PartnersMenlo Ventures
outlined = lead
PR Newswire
Dec 18, 2025LovableSeries B$330M$6.6B
Menlo VenturesCapitalG
outlined = lead
TechCrunch
Mar 3, 2025AnthropicSeries E$3.5B$61.5B
Lightspeed Venture PartnersBessemer Venture PartnersCisco InvestmentsD1 Capital PartnersFidelity InvestmentsGeneral CatalystJane StreetMenlo VenturesSalesforce Ventures
outlined = lead
TechCrunch

Sector / Stage Activity

By sector (portfolio)
AI infra
7 · 70%
Biotech
2 · 20%
Consumer AI
1 · 10%
By stage (tracked rounds)
Series B
4 · 40%
Series C
3 · 30%
Series D
1 · 10%
Series A
1 · 10%
Series E
1 · 10%

Co-Investors

12
Accel · 3 sharedLightspeed Venture Partners · 3 sharedNVentures · 3 sharedBaillie Gifford · 2 sharedDST Global · 2 sharedFelicis Ventures · 2 sharedKleiner Perkins · 2 sharedNAVER Ventures · 2 sharedSequoia Capital · 2 sharedSV Angel · 2 sharedQuiet Capital · 2 sharedSapphire Ventures · 2 shared

Latest Pulse

Pulse coverage →
  1. Wispr Raises $280M at $2B on Voice AI BetVoice AI startup Wispr raised a $280 million Series B led by Menlo Ventures at a $2 billion valuation, more than six times its prior mark, as it expands from dictation into meeting notes and other text-box replacements.→
  2. Wispr Flow Raises $280M at $2B ValuationWispr Flow raised a $280 million Series B led by Menlo Ventures at a $2 billion valuation, bringing total funding to $361 million less than ten months after its prior round, and previewed a proprietary speech model that cuts word-error rates from over 30% to as low as 5%.→
  3. Menlo Ventures Calls This a 'Rare Land-Grab Moment' in AIMenlo Ventures partner Matt Murphy says the firm is putting $3 billion in fresh capital to work on the belief that AI's current phase is a rare, short-lived land-grab window rather than a normal cycle to wait out.→
  4. Anthropic Hits $47B Revenue Run Rate, Menlo SaysAnthropic's revenue run rate reached $47 billion by May, up from $9 billion in 2025, according to backer Menlo Ventures -- growth its own partner says he's never seen in 25 years of investing.→
  5. Menlo Ventures Posts 40%+ IRR After Anthropic BetMenlo Ventures is seeing IRR above 40% on recent funds after its roughly $1 billion cumulative bet on Anthropic grew into a $14 billion stake, the firm's largest position ever by a wide margin.→
  6. Lovable in Talks to Double Valuation to $13.2BAI coding startup Lovable is reportedly in talks to raise at a $13.2 billion valuation, double its December mark, with Menlo Ventures fresh off a $3 billion fund said to be leading.→
  7. Assort Health Raises $120M Series C at a $1.2B Valuation for Healthcare AI AgentsAssort Health raised a $120 million Series C led by Menlo Ventures at a $1.2 billion post-money valuation, vaulting the patient-access automation startup into unicorn territory. Its AI agents handle scheduling, intake, referrals, document processing and front-desk support for healthcare providers -- one of the clearest examples of AI moving from chatbot demos to embedded, revenue-bearing clinical workflows.→
  8. Menlo Ventures Raises $3B -- Its Largest Fund Ever -- After Its Anthropic Bet Turned Into ~$14BMenlo Ventures closed $3 billion in new capital, the largest fundraise in the firm's 50-year history, on the strength of a 2024 bet on Anthropic that is now worth roughly $14 billion. The Silicon Valley firm 'white-knuckled it' to lead a $750 million round in the AI lab two years ago; that conviction call has become one of the defining venture wins of the cycle.→
Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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