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 Oct 2026, Menlo Ventures is an active investor, having invested in 513 companies, with 35 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 Nous Research Overall, Menlo Ventures portfolio has seen 44 unicorns, 20 IPOs and 198 acquisitions including key companies like Uber, Workday and Carta. 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 53 people including 24 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 513 companies, including 44 unicorns. Their most notable investments are in Assort Health and Brellium.Their portfolio spans across United States, Israel, United Kingdom and 13 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 33 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: 167,388 as on Sep 30, 2026
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Workday
Developer of cloud software for human resources finance and operations. The software provides tools for managing workforce planning, payroll, financial accounting, and contract lifecycle management. The platform integrates data across business functions to assist with organizational management and administrative tasks. It includes artificial intelligence capabilities designed to automate workflows and support decision-making processes for enterprise management.
Key facts about Workday
- Founded Year: 2005
- Location: Pleasanton (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $352M
- Employee Count: 21,000 as on Jan 31, 2026
- Investors: T. Rowe Price, Janus Henderson Investors and 12 Others
- Latest Funding Round: Post IPO, May 15, 2013, $*****
- Highlight: Public
3. 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: 5,728 as on Sep 30, 2026
- Investors: Meritech, Silver Lake and 140 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
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)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,896 as on Sep 30, 2026
- Investors: K2 Global, Cross Creek and 32 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
5. 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
Menlo Ventures' Year-on-Year Investment Trends
Menlo Ventures has invested in 515 companies over the last 33 years, with an average of 22 new investments annually in the last 10 years. In 2025, it made 55 investments, while as of Oct 2026, it has made 46 investments in this year. Its most recent first time investment was in Nous Research and most recent follow-on round was in Armadin.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 28 | 18 | 46 |
2025 | 35 | 20 | 55 |
2024 | 18 | 10 | 28 |
2023 | 19 | 11 | 30 |
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 143 investments in Series A stage with an average round size of $20M, 125 investments in Series B stage with an average round size of $32.2M and 92 investments in Seed stage with an average round size of $11.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 143 |
Series B | 125 |
Seed | 92 |
Series C | 49 |
Series D | 13 |
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 Vertical SaaS. Notably, it has invested in 446 Tech companies, 381 Enterprise (B2B) companies, 302 Software companies and at least 182 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 239 |
Enterprise Infrastructure | 100 |
High Tech | 100 |
Consumer | 76 |
Vertical SaaS | 49 |
Others | 416 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Geography
Menlo Ventures has made most investments in United States (407), followed by Israel where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 407 |
Israel | 7 |
Canada | 4 |
United Kingdom | 3 |
India | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Menlo Ventures' recent investments
Menlo Ventures has made 46 investments in 2026 so far. Nous Research and Armadin 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 |
|---|---|---|---|---|---|
Oct 08, 2026 | United States | Series B | 7799 | [+6] | |
Oct 01, 2026 | United States | Series B | 2333 | [+8] | |
Sep 16, 2026 | Luxembourg | Series D | 3293 | - | |
Sep 14, 2026 | United States | Seed | 8620 | ||
Sep 04, 2026 | United States | Series B | 7397 | [+16] |
Unicorns in Menlo Ventures' Portfolio
Menlo Ventures has 44 unicorns in its portfolio - Gimlet Labs, Wispr Flow, Obsidian Security and others. The most recent unicorn in their portfolio is Gimlet Labs. 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 |
|---|---|---|---|---|---|---|---|
63 | Developer of software to deploy and monitor AI applications across fleets | 1990 | San Francisco | Series B | atqltpb | ||
67 | Provider of voice to text dictation and meeting notetaker software | 2021 | San Francisco | Series B | xsoxkmr | ||
65 | Provider of SaaS security solutions for managing risks and threat detection | 2017 | Newport Beach | Series D | sobzita | ||
63 | Provider of compute and infrastructure platform for agentic model development | 2023 | San Francisco | Series A | ifaxoqv | ||
67 | Provider of an artificial intelligence platform for healthcare patient journey management | 2023 | San Francisco | Series C | kxlzink |
IPOs and Publicly Listed companies in Menlo Ventures' Portfolio
20 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 | 2462 | |
Jun 12, 2025 | May 31, 2018 | Series C | 9692 | |
Dec 23, 2024 | - | - | 2220 | |
Sep 29, 2021 | May 31, 2011 | Seed | 4251 | |
Sep 24, 2021 | Aug 30, 2006 | Series F | 5108 |
Acquired companies in Menlo Ventures' Portfolio
198 companies from Menlo Ventures' portfolio have been acquired. The most recent acquisition was BlueVine in Sep 2026 by Valley Bank for $*****.Here are Menlo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 28, 2026 | Jan 20, 2016 | Series C | 3650 | |
Aug 19, 2026 | Jan 16, 2012 | Seed | 1666 | |
Aug 17, 2026 | Jun 25, 2025 | Series A | 8150 | |
Aug 05, 2026 | - | - | 4658 | |
Jun 15, 2026 | Feb 01, 2008 | Series A | 3386 |
Team profile of Menlo Ventures
Menlo Ventures has a team of 53 members including 24 Partners, 4 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 | Chime, Betterment and 1 more | ||
Partner | Menlo Park | Unravel Data, BitSight and 3 more | ||
Partner | Menlo Park | |||
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 |
Co-investors of Menlo Ventures
Over the past 33 years, 2497 investors have co-invested in Menlo Ventures's portfolio companies. This includes funds and angels.
- Invested before Menlo Ventures: Y Combinator, Andreessen Horowitz and 698 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: 865 investors entered a company along with Menlo Ventures. These include investors like SV Angel (15 companies).
- Invested after Menlo Ventures: A total of 932 investors have invested in Menlo Ventures's portfolio after their investments. Top Investors include Sequoia Capital (9 companies), SoftBank Vision Fund (9 companies) and Andreessen Horowitz (9 companies).
Recent News related to Menlo Ventures
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Lovable Secures $400 Million in Funding, Reaching $13.3 Billion ValuationEl Confidencial Digital•Oct 12, 2026•Menlo Ventures, Lovable
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Procurement Automation Startup Aron Launches with $8M in FundingSiliconAngle•Sep 15, 2026•Storm Ventures, Menlo Ventures
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A16z leads $300m round for AI infrastructure startup GimletTech in Asia•Sep 05, 2026•Arm, Gimlet Labs, M12, Andreessen Horowitz and 11 others
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Oliver AI Secures Pre-Seed Funding from Menlo Ventures and Unusual Ventures to Enhance Data Infrastructure for Agentic AIPR Newswire•Aug 26, 2026•Unusual Ventures, Menlo Ventures, Oliver AI
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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 15 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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AI Detection Startup Pangram Announces $9M in Funding, Launches New Text and Image Detection ModelsAI Insider•Aug 07, 2026•Script Capital, ScOp Venture Capital, Haystack, 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
