Menlo Ventures Raises $3B for AI as Silicon Valley VC Marks 50 Years
The raise will fund AI companies across infrastructure, frontier tech and applications after Menlo’s Anthropic stake rose to about $14 billion, sources said.
- On Tuesday, Menlo Ventures announced $3 billion in new capital, the largest raise in its 50-year history, driven by its expansive AI portfolio including major stakes in Anthropic.
- Over three years ago, Menlo Ventures began reorganizing entirely around artificial intelligence after identifying ChatGPT's launch as a massive platform shift reshaping the technology stack.
- Menlo's 2024 'bet-the-firm' $750 million investment in Anthropic's Series D valued the startup at $18.4 billion, with the firm's stake now worth approximately $14 billion according to Bloomberg sources.
- Following its Anthropic success, Menlo launched the $100 million Anthology Fund with Anthropic in 2024, backing more than 60 companies and generating early portfolio returns.
- Menlo partner Matt Murphy stated AI represents one of history's largest platform shifts, and the firm remains 'ALL IN' on capturing defining companies as the industry remains 'incredibly early.
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Menlo has created a solid rep for itself as an AI investor, all based on one gutsy $750 million move in 2024.
Anthropic Backer Menlo Ventures Raises $3B In New Funds To Back AI Startups Across Stages
Venture firm Menlo Ventures has raised $3 billion across two new funds, the largest capital raise in its 50-year history, to invest in AI startups from seed through growth stage. The firm says the new capital will target companies in sectors from enterprise tools to healthcare.
Early Anthropic Backer Menlo Lands $3 Billion in Its Largest-Ever Haul
In 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI that had yet to generate meaningful revenue or gain mainstream adoption like ChatGPT.
The VC that turned a $750M Anthropic deal into a $14B stake just raised $3B to do it again
Menlo Ventures has raised $3 billion across two new funds, its largest raise in 50 years, split between an early-stage vehicle and a growth fund for companies scaling at Series B and beyond. The raise is backed by an Anthropic stake now worth approximately $14 billion, after the firm first backed the AI company in 2023, when it was pre-product and pre-revenue. Menlo is deploying capital across the full AI stack, from foundation model infrastru…
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