Strategy
Stages
SeedSeries ASeries B
Sectors
EnterpriseAICybersecurityHealthcare
Geographies
USAMenlo Park, CA
Check size
$1M-$50MPortfolio
3 totalSector / Stage Activity
By sector (portfolio)
AI infra
2 · 67%
Biotech
1 · 33%
Co-Investors
12CapitalG · 2 sharedNVentures (NVIDIA) · 2 sharedCapital A Partners · 1 sharedChemistry Ventures · 1 sharedFelicis Ventures · 1 sharedFirst Round Capital · 1 sharedLightspeed Venture Partners · 1 sharedLiquid 2 Ventures · 1 sharedQuiet Capital · 1 sharedAccel · 1 sharedCreandum · 1 sharedDST Global · 1 shared
Latest Pulse
- Aug 17, 2026Wispr 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.→
- Aug 17, 2026Wispr 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%.→
- Aug 3, 2026Menlo 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.→
- Jul 22, 2026Anthropic 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.→
- Jul 16, 2026Menlo 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.→
- Jul 8, 2026Lovable 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.→
- Jun 24, 2026Assort 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.→
- Jun 24, 2026Menlo 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.→