vcvibes

Menlo Ventures

SEC exempt reporting adviser (venture capital exemption).

HQ
CA

Menlo Ventures works with early-stage founders to find product-market fit, develop go-to-market strategies, scale their organizations, and support them as they grow. Its partners and team focus on areas including AI, SaaS, infrastructure, cybersecurity, fintech, bio and healthcare, and robotics. Portfolio companies include Anthropic, Abnormal AI, Suno, Lovable, OpenEvidence, Fireworks, Chime, and Modal.

01 · Says / Does

TagSaysDoesHistorically (to 2020)
StagesSeries A, Series B, GrowthNot enough dated dealsGrowth, Series B, Series A
SectorsAI infra, AI applications, Cybersecurity, Enterprise SaaS, Fintech, Consumer, Healthtech, Biotech, Logistics, Robotics, Aerospace and defenseNot enough dated dealsEnterprise SaaS, Hardware, Media, Data analytics, Fintech, Ecommerce
RegionsNot statedNot enough dated dealsCA

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

Historical focus (through 2020), derived from historical deal data.

YearDealsTop sectors
19998Ecommerce, Hardware, Media
200018Ecommerce, Hardware, Enterprise SaaS
200111Hardware, Enterprise SaaS, Manufacturing
200218Hardware, Cybersecurity, Enterprise SaaS
200319Hardware, Cybersecurity, Enterprise SaaS
200431Hardware, Cybersecurity, Enterprise SaaS
200521Hardware, Enterprise SaaS, Cybersecurity
200633Hardware, Media, Enterprise SaaS
200742Hardware, Media, Enterprise SaaS
200834Hardware, Enterprise SaaS, Media
200925Enterprise SaaS, Hardware, Media
201026Media, Enterprise SaaS, Data analytics
201128Consumer, Ecommerce, Media
201234Consumer, Media, Enterprise SaaS
201343Enterprise SaaS, Media, Data analytics
201433Consumer, Enterprise SaaS, Hardware
201530Enterprise SaaS, Consumer, Hardware
201630Data analytics, Cybersecurity, Enterprise SaaS
201734Fintech, Data analytics, Enterprise SaaS
201839Enterprise SaaS, Data analytics, Fintech
201925Enterprise SaaS, Fintech, Data analytics
202012Enterprise SaaS, Biotech, Healthtech

Stage mix over time

2010 Series A: 32010 Series B: 82010 Growth: 9102011 Seed: 52011 Series A: 62011 Series B: 72011 Growth: 8112012 Seed: 62012 Series A: 52012 Series B: 82012 Growth: 10122013 Seed: 122013 Series A: 82013 Series B: 22013 Growth: 13132014 Seed: 62014 Series A: 62014 Series B: 92014 Growth: 12142015 Seed: 52015 Series A: 72015 Series B: 32015 Growth: 13152016 Seed: 32016 Series A: 62016 Series B: 82016 Growth: 12162017 Seed: 22017 Series A: 52017 Series B: 92017 Growth: 14172018 Seed: 52018 Series A: 82018 Series B: 112018 Growth: 13182019 Seed: 32019 Series A: 12019 Series B: 42019 Growth: 16192020 Series A: 62020 Series B: 12020 Growth: 32021222324252026 Growth: 126
  • Pre-seed
  • Seed
  • Series A
  • Series B
  • Growth
Share of rounds by stage, per year. Striped years have fewer than 3 rounds.Historical focus (through 2020), derived from historical deal data.From public announcements.
Rounds by stage and year
YearPre-seedSeedSeries ASeries BGrowth
201000389
201105678
2012065810
20130128213
2014066912
2015057313
2016036812
2017025914
20180581113
2019031416
202000613
202100000
202200000
202300000
202400000
202500000
202600001

02 · Fund history

FundYearSizeStatus
Menlo AI Neo Labs, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$35M (Form D)Raising
Menlo LV Partners, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2026$40M (Form D)Raising
Menlo Inflection Cybersecurity Partners, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

2026$20M (Form D)Open, writing first checks
Menlo Inflection Atlas Partners, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$20M (Form D)Raising
Menlo AI Leaders II, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$250M (Form D)Raising
Menlo Inflection Suno Partners II, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$10M (Form D)Raising
Menlo Ventures Axm Partners, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2026$20M (Form D)Raising
Menlo Inflection IV Innovators, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$10M (Form D)Raising
Menlo Ventures XVII Innovators, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2026$10M (Form D)Raising
Menlo AI Leaders Fund, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2026$150M (Form D)Raising
Menlo Ventures Select I, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2026$300M (Form D)Raising
Menlo Inflection IV, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2025$800M (Form D)Raising
Menlo Ventures XVII, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2025$700M (Form D)Raising
Menlo Inflection AI Partners, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2024$500M (Form D)Open, writing first checks
Menlo Ventures XVI, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2023$25M to $390.96M (Form D and SEC adviser filing)Open, writing first checks
Menlo Bio I, L.P.

Menlo Ventures backs early-stage founders from inception through early growth stage, helping them find product-market fit, build go-to-market strategies and scale. It focuses on AI across infrastructure, foundational models and AI-native applications, plus healthcare, consumer, cybersecurity and fintech. Inferred from the firm's website

approx. 2022$100M (Form D)Open, writing first checks
Menlo Labs Fund II, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2022$100M (Form D)Open, writing first checks
Menlo Olympic Fund I, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2022$225M to $227.36M (Form D and SEC adviser filing)Open, writing first checks
Menlo Ventures XVI, L.P.

Menlo backs early-stage founders across AI, healthcare, cybersecurity, fintech, consumer, and infrastructure. Its teams help founders find product-market fit, build go-to-market strategies, and scale their organizations, with its venture team supporting Series A and B startups. Inferred from the firm's website

approx. 2022$500M (Form D)Open, writing first checks
Menlo Ventures XV, L.P.2021$5M to $544.03M (Form D and SEC adviser filing)Follow-ons only
MMEF XV, L.P.2020$5.29M to $6.07M (Form D and SEC adviser filing)Follow-ons only
Menlo Labs, L.P.approx. 2020$55M (Form D)Follow-ons only
Menlo XV Innovators Fund, L.P.approx. 2020$25M (Form D)Follow-ons only
Menlo Ventures XV, L.P.approx. 2020$450M to $544.03M (Form D and SEC adviser filing)Follow-ons only

03 · People across funds

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

  1. https://www.menlovc.com/
  2. https://menlovc.com/team/
  3. https://menlovc.com/portfolio/
  4. https://menlovc.com/focus-areas/ai/
  5. https://menlovc.com/about/

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026