Menlo Ventures raises $3bn on the back of one Anthropic bet
Summary
Menlo Ventures has raised a $3bn fund, its largest in 50 years, largely backed by the outsized gains from its Anthropic investment. The firm split the capital into an early-stage fund and a growth fund, showing a strategy that spans seed through late-stage rounds. The piece also highlights how Menlo has turned its Anthropic position into a broader AI investing platform through the Anthology Fund and other large AI bets. The raise reflects how AI winners are reshaping venture capital and pushing firms to compete for the biggest private software opportunities.
Funding
Amount
$3.0B
Total raised
Date
June 24, 2026
Announcement date
Investors
Databricks, Menlo Ventures, Cisco, Sequoia Capital, Benchmark, Andreessen Horowitz
Lead investors
Company
menlovc.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
AI Software
SaaS
Developer Tools
Linked Companies
Anthropic
$10M to $25M