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 Aug 2026, Menlo Ventures is an active investor, having invested in 487 companies, with 34 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 B round of Wispr Flow Overall, Menlo Ventures portfolio has seen 37 unicorns, 19 IPOs and 192 acquisitions including key companies like Uber, Carta and Roku. 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 IPOs
Portfolio Unicorns
Deals in last 12 months
Menlo Ventures' List of Top Investments
Menlo Ventures has a portfolio of 487 companies, including 37 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 32 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: 161,587 as on Jun 30, 2026
- Investors: TrueBridge, InvestX and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. 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: 2,243 as on Jun 30, 2026
- Investors: Meritech, Silver Lake and 137 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
3. 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: 2002
- 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: All Access Venture Partners, Citdex and 16 Others
- Latest Funding Round: Series G, Jan 28, 2016, $*****
- Highlight: Acquired
4. 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: 11,752 as on Jun 30, 2026
- Investors: T. Rowe Price, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
5. 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: 189 as on Jun 30, 2026
- Investors: Northgate Capital, EQT and 21 Others
- Latest Funding Round: Series D, Nov 17, 2021, $*****
- Highlight: Editors' Pick
Menlo Ventures' Year-on-Year Investment Trends
Menlo Ventures has invested in 489 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 Aug 2026, it has made 38 investments in this year. Its most recent first time investment was in Pangram and most recent follow-on round was in Wispr Flow.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 23 | 15 | 38 |
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 141 investments in Series A stage with an average round size of $20M, 124 investments in Series B stage with an average round size of $31.7M and 90 investments in Seed stage with an average round size of $12M.Stage of entry | No. of Investments |
|---|---|
Series A | 141 |
Series B | 124 |
Seed | 90 |
Series C | 49 |
Series D | 12 |
Others | 11 |
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 426 Tech companies, 363 Enterprise (B2B) companies, 289 Software companies and at least 173 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 237 |
Enterprise Infrastructure | 101 |
High Tech | 98 |
Consumer | 76 |
FinTech | 48 |
Others | 414 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Geography
Menlo Ventures has made most investments in United States (402), followed by Israel where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 402 |
Israel | 7 |
Canada | 4 |
India | 3 |
United Kingdom | 3 |
Others | 9 |
Note: We have considered here, only first round of investments
Menlo Ventures' recent investments
Menlo Ventures has made 38 investments in 2026 so far. Wispr Flow and Higgsfield 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 |
|---|---|---|---|---|---|
Aug 17, 2026 | United States | Series B | 6669 | [+10] | |
Aug 17, 2026 | United States | Series B | 5215 | [+14] | |
Aug 12, 2026 | Sweden | Series C | 7260 | [+12] | |
Aug 05, 2026 | India | Series A | 2119 | [+9] | |
Aug 04, 2026 | United States | Series D | 2091 |
Unicorns in Menlo Ventures' Portfolio
Menlo Ventures has 37 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 | csbqwlo | ||
60 | Developer of materials and products for space solutions | 2022 | Centennial | Series D | frewzwr | ||
61 | Provider of financial services for high-spending businesses | 2019 | San Francisco | Series C | bqxnhlk | ||
63 | Provider of patient centered healthcare platform | 2022 | Redwood City | Series C | auboxox | ||
71 | Interpretability tooling for generative AI models | 2024 | San Francisco | Series B | hkmxciv |
IPOs and Publicly Listed companies in Menlo Ventures' Portfolio
19 of Menlo Ventures' portfolio companies have become public. Scribe Therapeutics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 at marketcap of $243M and Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.97B.Here are Menlo Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 24, 2026 | Mar 17, 2021 | Series B | 3193 | |
Jun 12, 2025 | May 31, 2018 | Series C | 8421 | |
Dec 23, 2024 | - | - | 7111 | |
Sep 29, 2021 | May 31, 2011 | Seed | 3148 | |
Sep 24, 2021 | Aug 30, 2006 | Series F | 1183 |
Acquired companies in Menlo Ventures' Portfolio
192 companies from Menlo Ventures' portfolio have been acquired. The most recent acquisition was Agency in Aug 2026 by Klaviyo for $*****.Here are Menlo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 05, 2026 | - | - | 8831 | |
Jun 15, 2026 | Feb 01, 2008 | Series A | 5717 | |
Jun 11, 2026 | Mar 29, 2023 | Series A | 5478 | |
May 28, 2026 | Jul 01, 2018 | Seed | 3375 | |
Apr 19, 2026 | - | - | 4148 |
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, 2453 investors have co-invested in Menlo Ventures's portfolio companies. This includes funds and angels.
- Invested before Menlo Ventures: Y Combinator, Andreessen Horowitz and 690 others have invested in rounds before Menlo Ventures. There are 21 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: 852 investors entered a company along with Menlo Ventures. These include investors like SV Angel (15 companies).
- Invested after Menlo Ventures: A total of 909 investors have invested in Menlo Ventures's portfolio after their investments. Top Investors include SoftBank Vision Fund (9 companies), Sequoia Capital (8 companies) and IVP (8 companies).
Recent News related to Menlo Ventures
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Wispr Flow Raises $280 Million at $2 Billion ValuationCryptocurrency•Aug 18, 2026•Wispr Flow, Menlo Ventures, Together, Peak XV Partners and 2 others
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Higgsfield Raises $400 Million at $5.4 Billion Valuation, Securing Investment from Goldman Sachs and IntelCnyes•Aug 17, 2026•Higgsfield, DST Global, Intel, Goldman Sachs and 10 others
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Lovable Secures $400M in Series C Funding, Doubling Valuation to $13.3BSiliconAngle•Aug 13, 2026•Menlo Ventures
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Obsidian Security Raises $85M Series D at $1.1B Valuation to Enhance AI Agent SecurityThe SaaS News•Aug 05, 2026•Obsidian Security, Greylock Partners, Norwest, IVP and 4 others
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Cheiron Raises $8M Seed Led by Menlo Ventures to Build the Operating System for Drug ProgramsGlobeNewswire•Jul 22, 2026•Menlo Ventures, Cheiron
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Meticulous Raises $15M Series A to Enhance AI-Generated Code TestingThe SaaS News•Jul 16, 2026•Chemistry VC, Meticulous, Menlo Ventures
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Lovable in talks to double valuation to $13.2B with $300M funding roundTechCrunch+•Jul 09, 2026•Menlo Ventures
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Assort Health Raises $120M at $1.2B Valuation to Scale AI Agents for Patient AccessHIT Consultant•Jun 25, 2026•Assort Health, Menlo Ventures
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Menlo Ventures Marks 50th Anniversary with $3 Billion Raise for AI StartupsPYMNTS.com•Jun 23, 2026•Menlo Ventures
