Firms

Menlo Ventures

Venture capital firm that backs technology companies from inception through venture and growth, with a focus on early-stage company building.

Founded: 1976
Type: Venture capital

Funds2

Menlo Inflection IV2026-06-232026-06-23—
Part of jointly announced USD 3 billion raised across two funds. Individual final size undisclosed; USD 800 million in September 2025 LP materials was a historical target, not final size.
Menlo Ventures XVII2026-06-232026-06-23—
USD 3 billion raised jointly across Menlo Ventures XVII (seed–Series A) and Menlo Inflection IV (Series B and beyond). Individual allocation undisclosed; no single-fund USD 3 billion value.

Team

Matt Kraning

Menlo Ventures, Partner

—— – —

Investments

$30B2026-02	Anthropic	GIC Private Limited, Coatue, Founders Fund, MGX, ICONIQ, Dragoneer Investment Group, D.E. Shaw Ventures, ICONIQ Capital, Sebastian Duesterhoeft, Hemant Taneja, Greenoaks, Sequoia Capital, General Catalyst, Accel, Addition, Bessemer Venture Partners, Blackstone, D1 Capital Partners, Fidelity Management & Research Company, Insight Partners, Jane Street, Lightspeed Venture Partners, Menlo Ventures, Qatar Investment Authority, Temasek, XN, Baillie Gifford, Altimeter Capital, Alpha Wave Global, AMP PBC, Appaloosa, BlackRock, Goldman Sachs, JPMorganChase, Morgan Stanley, NX1 Capital, Sands Capital, TowerBrook, TPG, Whale Rock Capital Management, Microsoft, NVIDIA
$3.5B2025-03-03	Anthropic	Lightspeed, General Catalyst, D1 Capital Partners, Menlo Ventures, Salesforce Ventures, Fidelity Investments, Jane Street Capital, Byron Deeter, Sameer Dholakia, Hemant Taneja
$3.5B2025-03	Anthropic	Lightspeed Venture Partners, Sebastian Duesterhoeft, Hemant Taneja, Salesforce Ventures, Menlo Ventures, General Catalyst, Bessemer Venture Partners, D1 Capital Partners, Jane Street, Cisco, Fidelity Management & Research Company
$—2025-02-07	Anthropic	General Catalyst, Menlo Ventures, GV, MGX, Bessemer Venture Partners
$750M2024-01	Anthropic	Menlo Ventures, Sebastian Duesterhoeft
$280M2026-08-17	Wispr	Menlo Ventures, Matt Kraning, Alex Kolicich, Notable Capital, Hans Tung, NEA, Neo, 8VC, MVP Ventures, Acrew Capital, Activate, Forerunner Ventures, Goodwater Capital, Peak XV Partners, Together Fund, PLUS Capital, Livvy Dunne, Shaun White, Dak Prescott, DK Metcalf, Joe Burrow, Kyle Hamilton, Aaron Gordon, Alex Caruso, Domantas Sabonis, Klay Thompson, Paul George, Trae Young
$1.5B2026-07-23	Fireworks AI	Index Ventures, Lightspeed, TCV, Atreides Management, Menlo Ventures, 20VC, Y Combinator, Bessemer Venture Partners
$100M2026-05-19	Nourish	Y Combinator, Maverick Ventures, Menlo Ventures, Index Ventures, Thrive Capital
$600M2026-04-28	True Anomaly	Seth Winterroth, Menlo Ventures
$35M2026-04-06	Yuzu	General Catalyst, Chemistry, Lachy Groom, Neo, Timeless Ventures, Anthology Fund, Bain Future Back Ventures, Menlo Ventures
$125M2026-03-25	Qualified Health	NEA (New Enterprise Associates), Transformation Capital, Cathay Innovation, Menlo Ventures, SignalFire, Frist Cressey Ventures, Flare Capital Partners, Healthier Capital, Town Hall Ventures, Intermountain Health, GreatPoint Ventures
$40M2026-03-18	RunSybil	Vinod Khosla, Khosla Ventures, Anthology Fund, Menlo Ventures, Conviction Partners, S32, Section 32
$550M2026-03-10	Legora	Accel, Bain Capital, Alkeon Capital Management, Benchmark, Redpoint Ventures, Menlo Ventures, Salesforce Ventures, General Catalyst, Bain Capital Ventures, Y Combinator, ICONIQ Capital, Elliott Robinson, Chetan Puttagunta, Sameer Dholakia, Zeynep Yavuz, Seth Pierrepont
$150M2026-03-03	Grow Therapy	Sequoia, TCV, Transformation Capital, Menlo Ventures, SignalFire, Goldman Sachs Merchant Banking Division
$150M2026-02-05	Goodfire	Lightspeed, DFJ Growth, Menlo Ventures, Salesforce Ventures, B Capital, South Park Commons, Wing Venture Capital, Eric Schmidt
$40M2026-01-01	RunSybil	Khosla Ventures, Vinod Khosla, Menlo Ventures, Conviction Partners
$150M2026	Grow Care, Inc.	Sequoia, TCV, Transformation Capital, Menlo Ventures, SignalFire, BCI
$40M2026	RunSybil	Khosla Ventures, Menlo Ventures, S32, Conviction Partners, Section 32
$65M2026	JuliaHub	General Catalyst, Menlo Ventures, Dorilton Ventures
$330M2025-12-18	Lovable	Fredrik Cassel, Creandum, DST Global, EQT Ventures, Menlo Ventures, Salesforce Ventures, eCAPITAL Entrepreneurial Partners AG, Khosla Ventures, Accel
$130M2025-12-15	Chai Discovery	General Catalyst, Menlo Ventures, Dimension, OpenAI Startup Fund, Neo, Yosemite, Hemant Taneja, Elena Viboch
$52M2025-12-11	Medra	Human Capital, Lux Capital, Neo, NFDG, Catalio Capital Management, Menlo Ventures, Seven Seven Six
$60M2025-12-02	Zafran	Sequoia, Menlo Ventures, American Express Ventures, Vintage Investment Partners, PSP Growth, Cyberstarts
$60M2025-12-02	Zafran Security	Menlo Ventures, Sequoia, Cyberstarts, PSP Growth, Vintage Investment Partners, Knollwood Investment Advisory, Rama Sekhar
$250M2025-11-19	Suno	Lightspeed, Menlo Ventures, NVentures, Matrix Partners, Hallwood Media
$—2025-10-22	Saturn	Y Combinator, Singular, Zeon Ventures, Menlo Ventures, Shapers
$70M2025-10-22	ShopMy	Bain Capital, Avenir Growth, Menlo Ventures, Bessemer Venture Partners, AMD Ventures, Jeremy Levine
$103M2025-09-30	Eve	Lightspeed, Menlo Ventures, Andreessen Horowitz, Y Combinator, Spark Capital
$70M2025-08-06	Chai Discovery	Menlo Ventures, DCVC
$30M2025-06-24	Wispr	Menlo Ventures, Matt Kraning, Alex Kolicich, NEA, 8VC, Kenneth Schlenker, Evan Sharp, Henry Ward, Flo Crivello
$50M2025-04-17	Goodfire	Lightspeed, Menlo Ventures, B Capital, South Park Commons, Wing Venture Capital, Work-Bench, Jessica Lin
$100M2025-02-20	Mercor	General Catalyst, Benchmark, DST Global, Menlo Ventures, Felicis, Bill Gurley, Sundeep Peechu, Marc Bhargava, Max Rimpel
$100M2025-02-05	Semgrep	Lightspeed, Redpoint Ventures, Menlo Ventures, Hoxton Ventures, Harpoon Ventures, Sequoia Capital, Sequoia, Felicis, Aydin Senkut
$77M2025-01-24	ShopMy	Bain Capital, Menlo Ventures, Inspired Capital, AlleyCorp, Bessemer Venture Partners
$47M2025-01-16	Eve	Lightspeed, Menlo Ventures, Andreessen Horowitz, Y Combinator
$40M2025	Squint, Inc.	Sequoia, TCV, Menlo Ventures, The Westly Group
$100M2025	Mercor.io Corporation	General Catalyst, Benchmark, DST Global, Menlo Ventures, G Squared, Felicis
$19M2024-11-20	New Lantern	Benchmark, Eric Vishria, Afore Capital, Neo, SV Angel, Menlo Ventures, Guillermo Rauch
$28M2024-10-10	Numeric	Founders Fund, 8VC, Long Journey Ventures, Menlo Ventures, Friends & Family Capital, Institutional Venture Partners
$70M2024-09	Zafran	Sequoia, Menlo Ventures, American Express Ventures, Vintage Investment Partners, PSP Growth, Cyberstarts
$71M2024-06-04	Vilya	ARCH Venture Partners, Menlo Ventures, Madrona Venture Group, Altitude Life Science Ventures, Lifeforce Capital
$71M2024-06-04	Vilya Therapeutics	ARCH Venture Partners, Menlo Ventures, NVentures, Madrona Venture Group, Altitude Life Science Ventures, Lifeforce Capital
$10M2024-05-07	Numeric	Founders Fund, 8VC, Long Journey Ventures, Menlo Ventures, Friends & Family Capital
$120M2023-11-07	Enable	Lightspeed, Sierra Ventures, Menlo Ventures, Insight Partners, Norwest Venture Partners, Sean Jacobsohn, Tim Guleri
$14M2023-10-25	Eve	Lightspeed, Menlo Ventures
$70M2023-09-27	Arc Technologies	Bain Capital, Menlo Ventures, Abstract Ventures, Lowercarbon Capital, Y Combinator, Bain Capital Ventures, Left Lane Capital, Atalaya Capital Management, Eclipse
$20M2023-09-26	Cartwheel	General Catalyst, Menlo Ventures, BoxGroup, Reach Capital, Able Partners
$20M2023-09-26	Cartwheel	General Catalyst, Menlo Ventures, BoxGroup, Reach Capital, Able Partners, Reva Nohria
$46M2023-08-01	Neon	Founders Fund, GGV Capital, Endeavor, Menlo Ventures, General Atlantic, General Catalyst, Khosla Ventures, Databricks Ventures
$46M2023-08-01	Neon	Founders Fund, GGV Capital, Gil Capital, Menlo Ventures, General Atlantic, General Catalyst, Khosla Ventures, Databricks Ventures
$46M2023-08-01	Neon	Founders Fund, Menlo Ventures, General Atlantic, General Catalyst, GGV Capital, Gil Capital, Endeavor, Quentin Clark
$100M2023-06-29	Typeface	Lightspeed, M12, Menlo Ventures, Salesforce Ventures, GV, Madrona Venture Group
$6M2023-06-01	Squint	Sequoia, Menlo Ventures
$2M2023-04-27	Luca	Y Combinator, Menlo Ventures, Soma Capital
$65M2023-02-27	Typeface	Lightspeed, M12, Menlo Ventures, GV
$40M2023-02-22	Finch	General Catalyst, Menlo Ventures, QED Investors, Atman Capital, Provenio Capital, Alex Tran
$70M2023	Arc	Y Combinator, Menlo Ventures, Andreessen Horowitz, Abstract Ventures, Lowercarbon Capital, Eclipse
$90M2022-08-03	Aisera	Khosla Ventures, Silicon Valley Bank, Webb Investment Network, The Goldman Sachs Group, Inc., Menlo Ventures, Thoma Bravo, First Round, Matthew Howard
$101M2022-02-15	Airbase	Bain Capital, Menlo Ventures, First Round Capital, American Express Ventures, First Round
$37M2022-01-26	Polly	Khosla Ventures, 8VC, Menlo Ventures, Fifth Wall, Fin Capital, Alex Kolicich
$2M2022	Sunsama	Y Combinator, Foundation Capital, Menlo Ventures, AltaIR Capital
$35M2022	Observable	Sequoia, Acrew Capital, Menlo Ventures
$50M2021-12-14	Ophelia	General Catalyst, 640 Oxford, Menlo Ventures, Refactor Capital, Tiger Global Management, LLC, Interplay Ventures
$80M2021-09-09	Affinity	Menlo Ventures, Pear VC, Advance Venture Partners, Sprints Capital, Sway Ventures, MassMutual Ventures, Teamworthy Ventures
$200M2021-06-29	ShipBob Raises $200M Series E	Bain Capital Ventures, SoftBank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels, Silicon Valley Bank
$200M2021-06-29	ShipBob	Bain Capital, Silicon Valley Bank, Menlo Ventures, SoftBank Vision Fund, Hyde Park Venture Partners, HPA
$15M2021-04-22	Ophelia	General Catalyst, Menlo Ventures, Refactor Capital, Y Combinator
$40M2021-04-21	Aisera	Khosla Ventures, Webb Investment Network, Menlo Ventures, First Round Capital, Icon Ventures, World Innovation Lab, First Round
$40M2021-02-10	Mighty Buildings	Vinod Khosla, Khosla Ventures, Core Innovation Capital, Polyvalent Capital, Zeon Ventures, Menlo Ventures, MVP Ventures
$12M2021	Prodigal	Y Combinator, Menlo Ventures, Accel
$65M2020-12-21	Qualia	Tiger Global, 8VC, Menlo Ventures
$58M2020-12-17	H1	Y Combinator, Transformation Capital, Menlo Ventures, Institutional Venture Partners, Lux Capital, Lead Edge Capital, dRx Capital
$100M2020-08-26	Synthego	Founders Fund, Scott Nolan, 8VC, Menlo Ventures, Intel Capital, Wellington Management, RA Capital Management
$12M2020-04-22	H1	Y Combinator, Menlo Ventures, Liquid 2 Ventures, Underscore VC, Baron Davis Enterprises
$54M2020	Observe.AI	Y Combinator, Menlo Ventures, NGP Capital
$26M2020	StackRox	Sequoia, Redpoint Ventures, Menlo Ventures, Hewlett Packard Enterprise
$102M2019-11-19	Bluevine	Lightspeed, M12, Silicon Valley Bank, Menlo Ventures, Vintage Investment Partners, ION Crossover Partners
$104M2019-06-26	Encoded Therapeutics	ARCH Venture Partners, Venrock, Menlo Ventures, Alexandria Venture Investments, Illumina Ventures, RTW Investments, LP
$300M2019-05-06	Carta	Lightspeed, Menlo Ventures, Meritech Capital, Tribe Capital, Tiger Global Management, LLC, Thrive Capital, Marc Andreessen
$3M2018-11-28	Phiar	Y Combinator, Anorak Ventures, GFR Fund, Zeon Ventures, Menlo Ventures, Mayfield Fund
$110M2018-10-23	Synthego	Founders Fund, Scott Nolan, 8VC, Menlo Ventures, OS Fund
$40M2018-09-06	ShipBob	Bain Capital, Menlo Ventures, Y Combinator, Primary Venture Partners, Bain Capital Ventures, Hyde Park Venture Partners, HPA
$60M2018-06-06	Aviz Networks	Lightspeed, DAG Ventures, Menlo Ventures, Greylock Partners, Cisco Investments
$18M2018-02-01	Owl Labs	Khosla Ventures, Defy, Menlo Ventures, Maniv, Segra Capital Management, Moment Ventures
$10M2018-01-16	Jump Bikes	OurCrowd, SOSV, Menlo Ventures, SineWave Ventures
$25M2018	StackRox	Sequoia, Redpoint Ventures, Menlo Ventures, Amplify Partners
$18M2017-09-18	Cofactor Genomics	Y Combinator, WS Investment Company, DCVC, Menlo Ventures, iSelect Fund, Ascension Ventures, Matt Ocko
$56M2017-05-04	Signifyd	Bain Capital, Menlo Ventures, American Express Ventures
$—2017-04-26	Synthego	Founders Fund, Scott Nolan, 8VC, Menlo Ventures, OS Fund
$14M2017-03-21	Avere Systems	Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners, Tenaya Capital, Western Digital Capital, Google, Matthew Howard
$28M2017	RealtyShares	General Catalyst, Union Square Ventures, Menlo Ventures, Danhua Capital, Cross Creek
$—2016-12-14	Bluevine	Lightspeed, Silicon Valley Bank, Menlo Ventures, Citi Ventures, 83North, Rakuten FinTech Fund
$50M2016-01-22	FiveStars	Lightspeed, Menlo Ventures, Harbourvest Partners, DCM Ventures
$49M2016	Bluevine	Lightspeed, Silicon Valley Bank, Menlo Ventures, Citi Ventures, 83North, Rakuten FinTech Fund
$13M2015-11-12	Appdome	OurCrowd, Menlo Ventures, Jerusalem Venture Partners
$2.8B2015-02-18	Uber	Sequoia, Kleiner Perkins, Wellington Management, TPG Biotech, Menlo Ventures, Baidu Ventures
$125M2015	Tintri	Lightspeed, Menlo Ventures, Insight Partners, Silver Lake
$1.2B2014-12-04	Uber	Sequoia, Kleiner Perkins, Wellington Management, TPG Biotech, Menlo Ventures, Fidelity Investments, Jack Abraham
$35M2014-08-20	PernixData	Lightspeed, M12, Menlo Ventures, Salesforce Ventures, Silver Lake, Seagate Technology
$2M2012-08-14	OrderAhead	Y Combinator, Menlo Ventures, SV Angel, Matrix Partners, Ignition Partners
$12M2012-02-16	The Backplane, Inc.	Sequoia, Menlo Ventures, Battery Ventures, Greylock Partners, GV, LRMR Ventures
$13M2012	Getaround	General Catalyst, Innovation Endeavors, Collaborative Fund, Menlo Ventures, Correlation Ventures, A-Grade Investments
$1M2011	Backplane	Founders Fund, Menlo Ventures, Battery Ventures, GV, SV Angel, Baseline Ventures, Sequoia
$25M2010	Yume	Khosla Ventures, DAG Ventures, Menlo Ventures, Accel, Translink Capital
$10MUnknown date	General Analysis	Y Combinator, Menlo Ventures, Altos Ventures Management, Inc., 645 Ventures
$50MUnknown date	Arc	Y Combinator, Menlo Ventures, Andreessen Horowitz, Lowercarbon Capital, Offline Ventures, Necessary Ventures
$—Unknown date	Valgo	Y Combinator, Floodgate Fund, Menlo Ventures
$15MUnknown date	Meticulous	Y Combinator, Chemistry, Menlo Ventures, Stripe, Adobe, Cursor Capital
$16MUnknown date	Delphi AI	Sequoia, Menlo Ventures, MVP Ventures, Abstract Ventures, Lux Capital, Proximity Capital
$—Unknown date	Flapping Airplanes	Sequoia, Menlo Ventures, Index Ventures
$—Unknown date	CouchSurfing	Point Nine Capital, Benchmark, Omidyar Network, Menlo Ventures, General Catalyst
$250MUnknown date	Fireworks AI	Lightspeed, TCV, Atreides Management, Menlo Ventures, 20VC, Index Ventures, Sequoia
$30MUnknown date	OverOps	Lightspeed, Menlo Ventures, Heavybit
$—Unknown date	Avere Systems	Lightspeed, Western Digital, Menlo Ventures, Tenaya Capital, Norwest Venture Partners
$1.5BUnknown date	Fireworks	Lightspeed, TCV, Atreides Management, Menlo Ventures, 20VC, Index Ventures
$60MUnknown date	AVI Networks	Lightspeed, DAG Ventures, Menlo Ventures, Greylock Partners, Cisco Investments
$33MUnknown date	AVI Networks	Lightspeed, Menlo Ventures, Greylock Partners
$12MUnknown date	AVI Networks	Lightspeed, Menlo Ventures, Greylock Partners
$25MUnknown date	Polly	Khosla Ventures, 8VC, Menlo Ventures, Meritech Capital, Fifth Wall
$11MUnknown date	a1mobile	General Catalyst, Menlo Ventures, Streamlined Ventures, Perceptive Advisors, Penny Jar Capital, Axiom Partners
$4MUnknown date	JuliaHub	General Catalyst, Menlo Ventures, Founder Collective
$—Unknown date	CouchSurfing	General Catalyst, Benchmark, Omidyar Network, Menlo Ventures, Point Nine Capital
$—Unknown date	Synthego	Founders Fund, 8VC, OS Fund, Menlo Ventures
$200MUnknown date	ShipBob Raises $200M Series E	Bain Capital, Silicon Valley Bank, Menlo Ventures, SoftBank Group Corp., Hyde Park Venture Partners, HPA
$101MUnknown date	Airbase	Bain Capital, Menlo Ventures, First Round Capital
$330MUnknown date	Lovable	Accel, Evantic, Menlo Ventures, Atlassian Ventures, T-Venture, EQT Ventures, NVentures, Salesforce Ventures, Databricks, Khosla Ventures, Creandum, DST Global, HubSpot Ventures, eCAPITAL Entrepreneurial Partners AG
$—Unknown date	CouchSurfing	Menlo Ventures
$32M2025	Frontera Health	Lightspeed, Menlo Ventures, Lux Capital, Inspired Capital
$8M2012-11-30	Cinemagram	Khosla Ventures, Atlas Venture, Real Ventures, Menlo Ventures
$32M2011-06-16	Lumosity	Menlo Ventures, Josh Goldman, Priti Youssef Choksi

team@apexlogos.aiyesterday
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities. Fund size, status and stages | Vehicle / measure | Amount and status | Date and evidence | Qualification | | --- | --- | --- | --- | | Menlo Ventures XVII and Menlo Inflection IV | **US$3 billion new capital raised across the two funds** | Menlo announcement **2026-06-23**, [official article](https://menlovc.com/perspective/menlo-turns-50-and-announces-3b-in-fresh-capital-to-go-all-in-on-ai/) and [firm-issued release](https://www.globenewswire.com/news-release/2026/06/23/3316131/0/en/menlo-ventures-raises-3b-for-ai-as-silicon-valley-vc-marks-50-years.html) | Announced raised capital, not merely a target. Individual final allocations and exact legal final-close dates are undisclosed in these sources. Latest-known announcement located; no later raise found. | | Menlo Inflection IV historical target | **US$800 million target** | [Washington State Investment Board approved materials](https://www.sib.wa.gov/docs/meetings/board/25_0918final.pdf), meeting **2025-09-18** | An earlier LP target, not the 2026 final size. Materials describe Series B/C investment in existing and new companies. | | Anthology Fund partnership | **US$100 million initiative / earmarked capital**, launched with Anthropic | [Launch release](https://finance.yahoo.com/news/menlo-ventures-anthropic-launch-100m-120000238.html), **2024-07-17**; [WSIB presentation](https://sib.wa.gov/docs/meetings/private/25_0904content.pdf), **2025-09-04** | LP presentation explains it is capital reserved from several Menlo funds, not a standalone additional fund. Do not add it to other fund totals without tracing overlap. | | Firm-wide managed capital | **More than US$8.5 billion** in June release; website About page shows **US$7.6 billion+ AUM** | [June release](https://www.globenewswire.com/news-release/2026/06/23/3316131/0/en/menlo-ventures-raises-3b-for-ai-as-silicon-valley-vc-marks-50-years.html), **2026-06-23**; [About](https://menlovc.com/about/), undated | Conflicting current displays or differing definitions; both are firm-wide metrics, not individual fund sizes. Do not silently reconcile. | **Current explicit mandate:** XVII invests **seed through Series A**; Inflection IV invests **Series B and beyond**, according to the June 2026 official article. The broader [About page](https://menlovc.com/about/) describes idea validation at inception, venture team support for Series A/B, and inflection-stage scaling. The dated, vehicle-specific announcement is the more precise stage evidence. Historical Series C/D transactions establish prior activity, not a different current flagship mandate. Exact current general check sizes remain unverified. Funds recorded in Adex after this review: | Fund | Disclosed amount | Announcement / filing date | | --- | --- | --- | | Menlo Inflection IV | Undisclosed / unverified | 2026-06-23 | | Menlo Ventures XVII | Undisclosed / unverified | 2026-06-23 |
team@apexlogos.aiyesterday
Match research 2026-10-06 / MenloVentures / sha256:39ee76dbebc240d75e16d75c46f0e4ab9666aacbef889e65ac266fbb07b56bd5 / part 2 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. Menlo's [Chai investment article](https://menlovc.com/perspective/revolutionizing-antibody-design-with-ai-why-were-backing-chai-discovery/) additionally self-attributes investments in **Recursion, Genesis, Vilya and Xaira**, discussing biological and chemical engineering. These are useful follow-up leads; this review did not independently establish each round. Ordinary marketplace, fintech and SaaS names in the snapshot were not relabeled deep tech. ## Neurotech investments and attribution caveats **Lumos Labs / Lumosity — verified neurotechnology-adjacent cognitive software.** Menlo led the **US$32.5 million Series C announced 2011-06-16**, supported by [Institutional Investor](https://www.institutionalinvestor.com/article/2bsz6ok3w6urhjqlbblds/innovation/lumosity-inks-32-5m-in-venture-funding) (**2011-06-19**) and [SharpBrains contemporaneous coverage](https://sharpbrains.com/blog/2011/06/16/lumos-labs-raises-32-5m-largest-cognitive-brain-fitness-investment-so-far/) (**2011-06-16**). [Menlo's own description](https://menlovc.com/perspective/hacking-for-growth-with-rovercom-lumosity-and-poshmark/) identifies Lumosity as web/mobile cognitive-training games (undated extracted page). This is a named brain/cognition investment, but not evidence of neural recording, stimulation or BCI hardware. Historical efficacy/promotional claims must not be reproduced as established clinical benefit: the [FTC release](https://search.ftc.gov/news-events/news/press-releases/2016/01/lumosity-pay-2-million-settle-ftc-deceptive-advertising-charges-its-brain-training-program) (**2016-01-05**) records a US$2 million deceptive-advertising settlement over unsupported brain-training benefits. This caveat concerns product claims, not whether the investment occurred. **Wispr — verified firm investment after pivot; historical neural-interface ancestry.** [Menlo's official Series A thesis](https://menlovc.com/perspective/why-were-betting-wispr-will-kill-the-keyboard/) verifies its **US$30 million Series A lead**; transaction date **2025-06-24** is supplied by the snapshot and corroborated by dated [TechCrunch coverage](https://techcrunch.com/2025/06/24/wispr-flow-raises-30m-from-menlo-ventures-for-its-ai-powered-dictation-app/). [Menlo's Series B announcement](https://menlovc.com/perspective/the-keyboard-is-dying-on-schedule-the-text-box-is-next/) verifies its **US$280 million Series B lead at US$2 billion valuation**, with **2026-08-17** corroborated by [Axios](https://www.axios.com/newsletters/axios-pro-rata-8c095a04-c158-4df0-966e-a21492a42890). Menlo describes voice dictation and intent-aware software in these announcements. Wispr's [own 2021 announcement](https://www.prnewswire.com/news-releases/wispr-ai-secures-4-6m-from-nea-and-8vc-to-build-thought-powered-neural-interface-301433912.html) (**2021-11-30**) describes an EMG-based wearable neural interface and **US$4.6 million seed co-led by NEA and 8VC**, with other participants named. It does **not** name Menlo. Thus historical neurotech ancestry cannot establish Menlo backed the neural-hardware program. Matt Kraning's personal earlier support is also not proof of a Menlo firm investment at that time. Keep personal and institutional attribution separate. **Strict direct-neurotechnology conclusion:** No verified neurotech investment found in the sources checked for direct brain-sensing, stimulation or implanted BCI technology. The verified cognition example and Wispr ancestry above should remain separately qualified; this is not a claim that Menlo has no such investments. ## Conflicts, gaps and concrete Adex review notes 1. Replace any single-fund interpretation of the 2026 US$3 billion figure with the two-fund aggregate, preserving unspecified individual sizes. Preserve the 2025 US$800 million Inflection IV figure only as a historical target. Keep AUM, earmarked Anthology capital and check sizes separate. 2. Flag NFX's XV-era financial text as historical. The undated About page's US$7.6 billion+ and dated June release's US$8.5 billion+ firm-wide capital differ; review definition/update timing before changing an AUM field. 3. Wispr firm lead claims are supported, but do not infer a Menlo 2021 neurotech investment or tag the current voice product as a neural interface solely from older history. Retain Kraning's angel support separately. 4. The snapshot contains a **Cua** entry for **2026-07-23 / US$1.505 billion / Series D** whose round source is an Orrick **Fireworks AI** financing announcement. This is a company/source mismatch requiring later entity review; no correction made here. Multiple Fireworks/Fireworks AI generated IDs also warrant duplicate and stage checks. Snapshot participation count is not a verified distinct-company count. 5. The baseline text's **Eonite Perception** attribution lacks a clear company-specific source. This review did not establish Menlo's investment in Eonite; do not treat the ambiguous “Avere Systems or Eonite” wording as proof. Avere is named by NFX, but its rounds were not reaudited here. 6. Selected official evidence establishes strong deep-tech history. Individual fund/SPV allocation, Menlo check amounts, current general check range, and a complete direct-neurotech portfolio remain undisclosed or unverified. Selected examples do not constitute an audit of all 124 investment entries. 7. Potential additions for later review: sourced True Anomaly financing with debt caveat; Chai lead Series A with Anthology attribution; Lumos Labs cognition history with efficacy caveat. No Adex updates, MCP Patch calls, database writes or commits were performed.
team@apexlogos.aiyesterday
Match research 2026-10-06 / MenloVentures / sha256:39ee76dbebc240d75e16d75c46f0e4ab9666aacbef889e65ac266fbb07b56bd5 / part 1 of 2 Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats. # Menlo Ventures - Exact Adex ID: `MenloVentures` - Canonical Adex URL: https://adex.page/firms/MenloVentures - Official website: https://menlovc.com/ - Research date / all web sources accessed: **2026-10-06** - Status: **Complete research review; no Adex/database changes made.** Menlo is a US technology venture firm established in 1976, with verified investments in frontier AI, biological engineering, robotics and space hardware. Its latest-known fundraising announcement is **US$3 billion across two new funds in June 2026**, rather than a single US$3 billion fund. Neurotechnology relevance needs care: Lumos Labs/Lumosity is a verified cognitive-training investment; Wispr originated in neural-interface research, but Menlo's verified rounds finance its later voice-software business. No verified direct brain-sensing, stimulation or implanted BCI investment found in the sources checked. ## Starting evidence: Adex and NFX Signal The saved exact-ID snapshot, `data/research/_sources/MenloVentures.adex.json`, was retrieved 2026-10-06 at 19:29:50 UTC using read-only Adex MCP Search. It describes inception-to-growth technology investing, lists founding year 1976, identifies Matt Kraning as a partner starting 2025-04-10, and contains **124 investment participation entries**. These are starting claims, not an audited portfolio. Investor check minimum, maximum and sweet spot are null. The supplied sources mention Avere Systems or Eonite Perception ambiguously, and give Wispr's US$30 million 2025 Series A and US$280 million 2026 Series B as led rounds. [NFX Signal firm profile](https://signal.nfx.com/firms/menlo-ventures) (undated; directly read 2026-10-06) describes multistage consumer, enterprise and life-science technology investing. It names infrastructure examples Avere, eero and Cavium and life-science examples Synthego, Cofactor Genomics and Recursion. Its financial text refers to Menlo XV (US$500 million), an unnamed US$500 million Inflection fund, US$5 billion AUM, main-fund investments up to US$20 million, and later-stage capacity above US$30 million. This is visibly historical relative to 2026 official announcements. Those capacity figures are neither a current check range nor fund sizes. The extracted team section did not expose individual team profiles. The snapshot's Signal Medical Devices Seed ranking membership does not independently establish BCI expertise. ## Fund size, status and stages | Vehicle / measure | Amount and status | Date and evidence | Qualification | | --- | --- | --- | --- | | Menlo Ventures XVII and Menlo Inflection IV | **US$3 billion new capital raised across the two funds** | Menlo announcement **2026-06-23**, [official article](https://menlovc.com/perspective/menlo-turns-50-and-announces-3b-in-fresh-capital-to-go-all-in-on-ai/) and [firm-issued release](https://www.globenewswire.com/news-release/2026/06/23/3316131/0/en/menlo-ventures-raises-3b-for-ai-as-silicon-valley-vc-marks-50-years.html) | Announced raised capital, not merely a target. Individual final allocations and exact legal final-close dates are undisclosed in these sources. Latest-known announcement located; no later raise found. | | Menlo Inflection IV historical target | **US$800 million target** | [Washington State Investment Board approved materials](https://www.sib.wa.gov/docs/meetings/board/25_0918final.pdf), meeting **2025-09-18** | An earlier LP target, not the 2026 final size. Materials describe Series B/C investment in existing and new companies. | | Anthology Fund partnership | **US$100 million initiative / earmarked capital**, launched with Anthropic | [Launch release](https://finance.yahoo.com/news/menlo-ventures-anthropic-launch-100m-120000238.html), **2024-07-17**; [WSIB presentation](https://sib.wa.gov/docs/meetings/private/25_0904content.pdf), **2025-09-04** | LP presentation explains it is capital reserved from several Menlo funds, not a standalone additional fund. Do not add it to other fund totals without tracing overlap. | | Firm-wide managed capital | **More than US$8.5 billion** in June release; website About page shows **US$7.6 billion+ AUM** | [June release](https://www.globenewswire.com/news-release/2026/06/23/3316131/0/en/menlo-ventures-raises-3b-for-ai-as-silicon-valley-vc-marks-50-years.html), **2026-06-23**; [About](https://menlovc.com/about/), undated | Conflicting current displays or differing definitions; both are firm-wide metrics, not individual fund sizes. Do not silently reconcile. | **Current explicit mandate:** XVII invests **seed through Series A**; Inflection IV invests **Series B and beyond**, according to the June 2026 official article. The broader [About page](https://menlovc.com/about/) describes idea validation at inception, venture team support for Series A/B, and inflection-stage scaling. The dated, vehicle-specific announcement is the more precise stage evidence. Historical Series C/D transactions establish prior activity, not a different current flagship mandate. Exact current general check sizes remain unverified. ## Verified named deep-tech investments These are selected evidence-backed examples, not a complete reconstruction of the 124 snapshot entries. Technology classifications below are research judgments based on the cited product descriptions. Round totals are company financing totals, not Menlo's check amounts. | Company | Technology rationale and Menlo attribution | Transaction / date | Supporting evidence | | --- | --- | --- | --- | | **True Anomaly** | Autonomous spacecraft (Jackal), mission autonomy software (Mosaic), advanced sensing payloads and manufacturing: substantive aerospace/hardware engineering. Menlo is a named existing investor participating, not lead. | **US$650 million Series D, 2026-04-28**, including **US$50 million debt** from Stifel; co-led by Eclipse and Riot. Earlier **US$260 million Series C, 2025-04-30**, also included equity and debt, with Menlo participating. | [Company Series D announcement](https://www.trueanomaly.space/newsroom/our-series-d-fundraise-650m-raised-to-accelerate-space-superiority-at-scale), **2026-04-28**; [company Series C announcement](https://www.trueanomaly.space/newsroom/announcing-our-260m-fundraise), **2025-04-30**. Do not record the combined financing totals as pure equity. | | **Chai Discovery** | Foundation models for molecular structures and de novo antibody engineering: computational biology plus experimental drug-discovery constraints. Menlo explicitly announces a **lead Series A investment**, including Anthology participation. | Series A announced in **August 2025**; company news index identifies the **US$70 million Series A** reporting dated **2025-08-06**. Menlo's own article verifies lead and stage without amount. | [Menlo investment thesis](https://menlovc.com/perspective/revolutionizing-antibody-design-with-ai-why-were-backing-chai-discovery/) (publication date not exposed in extracted page; accessed 2026-10-06); [company news index](https://www.chaidiscovery.com/news), dated link **2025-08-06**; [company technology](https://www.chaidiscovery.com/), undated. Amount is corroborated through the company's linked reporting index, weaker than a fully read financing release. | | **Skild AI** | General-purpose learned control across robot bodies, navigation and manipulation: physical robotics/foundation-model R&D. Menlo names it as a firm investment. The word “brain” here means robotic intelligence, not human neurotechnology. | Investment verified by **2026-06-23**; specific round, entry date, amount and lead status not established in checked sources. | [Menlo June portfolio statement](https://menlovc.com/perspective/menlo-turns-50-and-announces-3b-in-fresh-capital-to-go-all-in-on-ai/), **2026-06-23**; [Skild official technology description](https://skild.ai/), undated; [deployment update](https://skild.ai/blogs/skild-crosses-100m-arr), **2026-09-10**. | | **Anthropic** | Frontier foundation-model research; included as AI deep tech rather than ordinary SaaS. Menlo explicitly attributes firm investment to itself, first in 2023 and leading Series D in 2024. | First investment **2023**; **2024 Series D lead** (day and individual check not established here). | [Menlo June release](https://www.globenewswire.com/news-release/2026/06/23/3316131/0/en/menlo-ventures-raises-3b-for-ai-as-silicon-valley-vc-marks-50-years.html), **2026-06-23**. Financing entities may include funds/SPVs; exact legal allocation remains unverified. |
team@apexlogos.ai23 days ago
MATCH

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Co-investing

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