Menlo Ventures News
8 articles
Menlo Ventures closes on $1.35B in new capital, targets investments in AI startups | TechCrunch
Menlo Ventures has raised $1.35 billion in new capital, which it plans to use to support the next generation of AI startups. The firm has already backed AI companies such as Abnormal, Anthropic, Cleanlab, Pinecone, and Typeface. With the new funds, Menlo Ventures has raised over $3.8 billion across eight fund groups and distributed $5.2 billion to its LPs. The new capital will be invested from the firms flagship venture fund, Menlo XVI, and Menlo Inflection III, among others. The firm has seen 80 portfolio companies exit, 15 of which went public, and made seed and early-stage investments in 24 unicorns.
Investment
Menlo Ventures just closed its fifteenth early-stage fund with $500 million
Menlo Ventures has closed its fifteenth early-stage fund with $500 million in capital commitments. The firm is focused on consumer, enterprise, frontier tech, and healthcare startups, with a potential increase in investments in health and medical startups. Menlo primarily invests in Series A and B deals, with check sizes ranging from $8 million to $15 million at the Series A stage. The firm has secured a $125 million commitment from the Washington State Investment Board and has attracted new investors, including the State of New Mexico Investment Council. Menlo has had successful exits with companies like Uber and Roku, and its active portfolio companies, such as Poshmark and Chime, are expected to generate returns for investors.
InvestmentPublic Trading
Menlo Ventures just raised a new $500 million fund to invest in Series B and C rounds
Menlo Ventures has announced a new $500 million later-stage fund, called its inflection fund. The fund will invest between $20 million and $40 million in promising companies that have at least $5 million in annual recurring revenue, 100 percent year-over-year growth, early signs of retention, and operate in areas like cloud infrastructure, fintech, marketplaces, mobility, and SaaS. The fund is being led by several partners at Menlo Ventures and has a broader mandate than simply backing Menlos own portfolio companies. Menlo Ventures has recently returned $2.4 billion to its limited partners through various exits and acquisitions.
InvestmentAcquisition
One Of Silicon Valley's Oldest VC Firms Adds Two Partners In New Look
Menlo Ventures has added Naomi Pilosof Ionita as an investing partner and Chris Penner as an operating partner. The firm raised a $450 million fund last year and has recently made changes to its team. Ionita will invest in consumer companies and business software companies with consumer-style user experiences. Penner will focus on business development as part of Menlos program called Fuel. Menlo Ventures has had major exits with companies like Uber and Roku. The firm is hungry for similar breakout companies and aims to make waves in the marketplace.
PartnersExpand
Menlo Ventures raises new $450M fund to back early consumer, enterprise and 'frontier technologies'
Menlo Ventures, a Silicon Valley VC firm, has closed a new $450 million fund to invest primarily in early-stage consumer, enterprise, and frontier technologies. The firms total capital now exceeds $5 billion. Menlo Ventures has also opened a new San Francisco office to be closer to talent and the action in the industry. The firm plans to invest 80% of the fund in core thesis areas and 20% in frontier technologies, with a focus on seed and Series A deals. Menlo Ventures will also allocate $15 million for the Menlo Talent Fund, aimed at promising seed-stage ideas.
InvestmentExpand
Menlo Ventures has raised a $250 million "opportunity fund," its first
Menlo Ventures has raised a new $250 million special opportunities fund to address the lack of capital for startups seeking Series B and C funding. The fund was raised in six weeks and was oversubscribed. Menlo Ventures has made notable investments in companies like Uber, Warby Parker, and Betterment.
Investment
Menlo Ventures Closes On $400 Million For Its Twelfth Fund
Menlo Ventures has closed its twelfth fund, raising $400 million in fresh capital to invest in new startups. The firm plans to continue its investment strategy of evenly investing in consumer and enterprise startups, with a focus on cyber security, cloud infrastructure, big data, SaaS, marketplaces, vertical e-commerce, subscription services, and mobile applications. Menlo Ventures will also allocate $15 million from the new fund to its Talent Fund for seed-stage startups. With the new fund, Menlo Ventures now has a total of $4.4 billion in cash under management.
Investment
Menlo Ventures starts $20M early-stage investment fund
Menlo Ventures has launched a $20 million fund called the Menlo Talent Fund to invest in companies focused on finding new talent. The fund, led by managing director Shervin Pishevar, has a quick turnaround time for investment decisions and has already invested in eight companies. The funds Jedi council, which includes Lady Gaga manager Troy Cater and Keith Rabois of Square, will provide advice to the portfolio companies. The announcement was made at the TechCrunch Disrupt 2011 conference.
Investment