About
Founded in 1976, Menlo Ventures is one of Silicon Valley's longest-standing venture capital firms, based in Menlo Park with an additional office in San Francisco. Over nearly five decades, the firm has invested in more than 400 companies across artificial intelligence, consumer, enterprise, and healthcare technologies, spanning seed through growth stages. The firm currently manages approximately $5 billion in assets under management, including Menlo Ventures XV ($500M early-stage fund) and the Inflection Fund ($500M for early-growth investments). Menlo typically writes checks ranging from $1–25M and has demonstrated particular strength in early-stage investing, with 135 Series A investments (average $18.6M), 123 Series B investments (average $31.9M), and 83 seed investments (average $7.74M). The portfolio encompasses 466 companies, including 25 unicorns and more than 70 public companies, with over 100 successful mergers and acquisitions. Notable portfolio companies include Uber, Roku, Anthropic, Siri, Warby Parker, Rover, Carta, and Chime. Recent strategic initiatives include the Anthology Fund, a $100M collaboration with Anthropic designed to support the next generation of AI-focused startups. Menlo's investment approach emphasizes direct founder relationships maintained by an operator-led team, positioning the firm as a preferred co-investor alongside other top-tier firms. The firm's portfolio spans the United States, Israel, India, and 15 additional locations, reflecting a broadly distributed geographic strategy. Menlo's track record shows superior exit performance relative to peer firms, with the highest concentration of exits occurring in 2019.