About Menlo Ventures
Menlo Ventures is a venture capital firm founded in 1976. It is primarily based out of Menlo Park, United States. As of Jun 2026, Menlo Ventures is an active investor, having invested in 480 companies, with 32 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series C round of Assort Health Overall, Menlo Ventures portfolio has seen 36 unicorns, 18 IPOs and 191 acquisitions including key companies like Uber, Roku and Netlify. A lot of funds co-invest with Menlo Ventures, with names like SV Angel sharing a substantial percentage of its portfolio. Menlo Ventures has team of 49 people including 20 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio Unicorns
Deals in last 12 months
Menlo Ventures' List of Top Investments
Menlo Ventures has a portfolio of 480 companies, including 36 unicorns. Their most notable investments are in alphaXiv and Alta.Their portfolio spans across United States, Israel, Canada and 13 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 31 other sectors, across stages such as Series A, Series B and 8 more. Here is the list of top investments by Menlo Ventures:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 152,642 as on May 31, 2026
- Investors: TrueBridge, InvestX and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Roku
Provider of video streaming devices. It produces streaming players, streaming‑capable smart TVs, and smart‑home products, and operates the Roku OS platform as well as its streaming service. It provides a collection of movies, TV shows, live channels, and is available on Roku devices and other devices like PCs and smart TVs.
Key facts about Roku
- Founded Year: 2008
- Location: San Jose (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $214M
- Employee Count: 4,365 as on May 31, 2026
- Investors: Fidelity Investments, All Access Venture Partners and 16 Others
- Latest Funding Round: Series G, Jan 28, 2016, $*****
- Highlight: Acquired
3. Netlify
Provider of a platform for web application development and deployment. It offers tools for building, deploying, and scaling web applications. The platform includes features such as serverless functions, data storage, and image optimization. It supports various frameworks and integrates with development tools.
Key facts about Netlify
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $212M
- Employee Count: 183 as on May 31, 2026
- Investors: Northgate Capital, Menlo Ventures and 21 Others
- Latest Funding Round: Series D, Nov 17, 2021, $*****
- Highlight: Editors' Pick
4. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 2,081 as on May 31, 2026
- Investors: Meritech, Silver Lake and 136 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
5. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,658 as on May 31, 2026
- Investors: TCV, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
Menlo Ventures' Year-on-Year Investment Trends
Menlo Ventures has invested in 482 companies over the last 33 years, with an average of 21 new investments annually in the last 10 years. In 2025, it made 55 investments, while as of Jun 2026, it has made 25 investments in this year. Its most recent first time investment was in Assort Health and most recent follow-on round was in Suno.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 17 | 8 | 25 |
2025 | 35 | 20 | 55 |
2024 | 18 | 10 | 28 |
2023 | 18 | 11 | 29 |
2022 | 22 | 25 | 47 |
2021 | 28 | 29 | 57 |
2020 | 18 | 14 | 32 |
2019 | 8 | 18 | 26 |
2018 | 22 | 15 | 37 |
2017 | 13 | 20 | 33 |
Menlo Ventures' Investments by Stage
Menlo Ventures has made 139 investments in Series A stage with an average round size of $19.8M, 124 investments in Series B stage with an average round size of $31.7M and 88 investments in Seed stage with an average round size of $8.51M.Stage of entry | No. of Investments |
|---|---|
Series A | 139 |
Series B | 124 |
Seed | 88 |
Series C | 49 |
Series D | 11 |
Others | 10 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Sector
Menlo Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Consumer and FinTech. Notably, it has invested in 420 Tech companies, 357 Enterprise (B2B) companies, 283 Software companies and at least 167 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 232 |
Enterprise Infrastructure | 100 |
High Tech | 93 |
Consumer | 76 |
FinTech | 51 |
Others | 405 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Geography
Menlo Ventures has made most investments in United States (398), followed by Israel where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 398 |
Israel | 7 |
India | 5 |
Canada | 4 |
Sweden | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Menlo Ventures' recent investments
Menlo Ventures has made 25 investments in 2026 so far. Assort Health and Suno are the latest among them.Here are the most recent investments by Menlo Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2026 | United States | Series C | 7070 | ||
Jun 03, 2026 | United States | Series D | 2635 | [+8] | |
Jun 02, 2026 | Canada | Series A | 2496 | [+2] | |
Jun 02, 2026 | United States | Seed | 4914 | [+3] | |
May 21, 2026 | United States | Series C | 9774 | [+3] |
Unicorns in Menlo Ventures' Portfolio
Menlo Ventures has 36 unicorns in its portfolio - OpenRouter, True Anomaly, Slash and others. The most recent unicorn in their portfolio is OpenRouter. It became a unicorn in 2026.Here is a list of unicorns in Menlo Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Platform offering access to LLM models | 2023 | New York City | Series B | axzzmxf | ||
64 | Developer of materials and products for space solutions | 2022 | Centennial | Series D | hlwbtx{ | ||
61 | Provider of financial services for high-spending businesses | 2019 | San Francisco | Series C | stwqsbh | ||
63 | Provider of patient centered healthcare platform | 2022 | Redwood City | Series C | glxei{{ | ||
71 | Interpretability tooling for generative AI models | 2024 | San Francisco | Series B | vjfbjep |
IPOs and Publicly Listed companies in Menlo Ventures' Portfolio
18 of Menlo Ventures' portfolio companies have become public. Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2025 at marketcap of $8.97B and Omentel got listed on the Tokyo Stock Exchange (TSE).Here are Menlo Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2025 | May 31, 2018 | Series C | 5559 | |
Dec 23, 2024 | - | - | 4951 | |
Sep 29, 2021 | May 31, 2011 | Seed | 4402 | |
Sep 24, 2021 | Aug 30, 2006 | Series A | 5850 | |
Sep 17, 2021 | Feb 23, 2018 | Series A | 1140 |
Acquired companies in Menlo Ventures' Portfolio
191 companies from Menlo Ventures' portfolio have been acquired. The most recent acquisition was Roku in Jun 2026 by FOX for $*****.Here are Menlo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 15, 2026 | Feb 01, 2008 | Series A | 8471 | |
Jun 11, 2026 | Mar 29, 2023 | Series A | 1687 | |
May 28, 2026 | Jul 01, 2018 | Seed | 7175 | |
Apr 19, 2026 | - | - | 6121 | |
Mar 12, 2026 | Feb 09, 2022 | Series A | 3086 |
Team profile of Menlo Ventures
Menlo Ventures has a team of 49 members including 20 Partners, 5 Venture Partners and 7 Principals located in United States. Menlo Ventures' team sits on the board of 13 companies.Here is a list of top team members in Menlo Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | Betterment, Chime and 1 more | ||
Partner | Menlo Park | BitSight, Unravel Data and 3 more | ||
Partner | Jackson | Fox Robotics, Cofactor Genomics and 1 more | ||
Partner | San Francisco | - | ||
Partner | Menlo Park | - | ||
Partner | United States | - | ||
Partner | Portola Valley | - | ||
Partner | Menlo Park | - | ||
Partner | Menlo Park | |||
Partner | Palo Alto | - |
Co-investors of Menlo Ventures
Over the past 33 years, 2355 investors have co-invested in Menlo Ventures's portfolio companies. This includes funds and angels.
- Invested before Menlo Ventures: Y Combinator, Andreessen Horowitz and 671 others have invested in rounds before Menlo Ventures. There are 19 companies where Y Combinator has invested before Menlo Ventures and 13 companies where Andreessen Horowitz has invested before Menlo Ventures.
- Top Co-investors of Menlo Ventures: 821 investors entered a company along with Menlo Ventures. These include investors like SV Angel (15 companies).
- Invested after Menlo Ventures: A total of 861 investors have invested in Menlo Ventures's portfolio after their investments. Top Investors include SoftBank Vision Fund (9 companies), IVP (8 companies) and Sequoia Capital (7 companies).
Recent News related to Menlo Ventures
•
Lovable in talks to double valuation to $13.2B with $300M funding roundTechCrunch+•Jul 09, 2026•Menlo Ventures
•
Assort Health Raises $120M at $1.2B Valuation to Scale AI Agents for Patient AccessHIT Consultant•Jun 25, 2026•Assort Health, Menlo Ventures
•
Menlo Ventures Marks 50th Anniversary with $3 Billion Raise for AI StartupsPYMNTS.com•Jun 23, 2026•Menlo Ventures
•
Move over, Cursor. This AI video startup is having its own breakout momentBusiness Insider•Jun 18, 2026•Higgsfield, Menlo Ventures, Accel
•
Nourish Raises $100M Series C Led by Menlo Ventures to Scale AI-Native Metabolic Health ClinicThe SaaS News•Jun 08, 2026•Nourish, Menlo Ventures, Y Combinator, Daybreak and 7 others
•
MOTHER.tech Secures $15 Million Seed Funding Led by GV for AI Creative App LaunchThe SaaS News•Jun 02, 2026•Google Ventures, Nectar Social, Kinship Ventures, True Ventures and 1 other
•
a16z Leads Westmag Seed Funding Round for Domestic US Manufacturing of Drone and Robotics MotorsStartupHub.ai•Jun 02, 2026•Andreessen Horowitz, NFDG, Founders Fund, Menlo Ventures and 1 other
•
Mecka AI Raises $60M in FundingFinSMEs•Jun 02, 2026•Mecka, Framework Ventures, Kindred Ventures, SV Angel and 1 other
•
OpenRouter Raises $113M in Series B FundingFinSMEs•May 26, 2026•OpenRouter, CapitalG, NVentures, Snowflake and 13 others
•
AI Cybersecurity Startup Raises $250M to Enhance Security PlatformAIBusiness•May 23, 2026•Abnormal, Greylock Partners, Menlo Ventures
