The firm has previously made seed and early-stage investments in 24 unicorns across various sectors and has seen 65 of its portfolio companies get acquired. Menlo is bullish on the future of artificial intelligence and has already backed several AI companies. Recent investments include leading Finch’s $40 million Series B raise and Sana Labs’ $34 million round.
Key takeaways:
- Menlo Ventures has raised $1.35 billion in new capital, bringing its total raised across eight fund groups to more than $3.8 billion. The firm plans to use the new funds to support AI startups.
- The new capital will be invested out of the firm’s flagship venture fund, Menlo XVI; Menlo Inflection III; and their affiliated funds.
- Menlo Ventures has seen 80 portfolio companies exit, 15 of which went public, and has made seed and early-stage investments in 24 unicorns across various sectors.
- Recent investments by Menlo include leading Finch’s $40 million Series B raise and Sana Labs’ $34 million round, and participating in AI company Anthropic’s May $450 million raise.