# Menlo Micro funding: rounds and investors > Menlo Micro has raised $213M across 3 rounds since 2016. Investors include Paladin Capital Group, Future Shape and Vertical Venture Partners. Source: https://millionrounds.com/company/menlo-micro (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *Menlo Micro* 3 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Hardware & Electronics Industry 4.0 Semiconductors Funding summary Updated 26 Oct 2026 **$213M** raised across 3 rounds since 2016, from 8 sources **$19M** Round **$44M** Series B **$150M** Series C - **Latest round:** Series C, $150M Mar 2022 - **Led by:** Future Shape - **Step-up i:** 3.4× - **Investors:** 12 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2017 2018 2019 2020 2021 2022 **$19M** Round **$44M** Series B **$150M** Series C - **First round:** Round, $19M - **Biggest round:** $150M - **Usual gap between rounds:** 3.8 years [**Menlo Micro** Semiconductors 1 / 22 Their pitch deck **Menlo Micro's pitch deck, 22 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/menlomicro) ## The rounds - **Mar 2022** Series C **$150M** *5 new* *3 returning* [Future Shape](https://millionrounds.com/fund/future-shape-2) Lead [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [PeopleFund](https://millionrounds.com/fund/peoplefund) [Standard Investments](https://millionrounds.com/fund/standard-investments) [Piva Capital](https://millionrounds.com/fund/piva-capital) Reported by Firms' own news pages and 3 others - **Oct 2020** Series B **$44M** *4 new* *1 returning* [40 North Ventures](https://millionrounds.com/fund/40-north-ventures) Lead [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) [Future Shape](https://millionrounds.com/fund/future-shape-2) [Piva](https://millionrounds.com/fund/piva) Reported by Firms' own news pages and 2 others - **Dec 2016** Round **$19M** *3 new* [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) [Corning](https://millionrounds.com/fund/corning) Microsemi Corporation Reported by FinSMEs ## Founders and team From Menlo Micro's own website: 5 on the team. - **Fanie Duvenhage** Corporate Vice President, Microchip Technology - **Rich Simoncic** CEO - **Mark Czepiel** CFO - **Steve Litchfield** MaxLinear, CFO, Chief Strategy Officer - **Alex Irkliy** Board of Directors Advisers *Jim Witham* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2016 **Series B** 2020 **Series C** 2022 [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) [Future Shape](https://millionrounds.com/fund/future-shape-2) L [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) [40 North Ventures](https://millionrounds.com/fund/40-north-ventures) L [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [PeopleFund](https://millionrounds.com/fund/peoplefund) [Corning](https://millionrounds.com/fund/corning) [Standard Investments](https://millionrounds.com/fund/standard-investments) [Piva Capital](https://millionrounds.com/fund/piva-capital) ## Everyone who backed them [Paladin Capital Group](https://millionrounds.com/fund/paladin-capital-group) VC firm **3** rounds [Future Shape](https://millionrounds.com/fund/future-shape-2) VC firm **2** rounds, led 1 [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) VC firm **2** rounds [40 North Ventures](https://millionrounds.com/fund/40-north-ventures) VC firm **1** round, led 1 [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Asset manager **1** round [DBL Partners](https://millionrounds.com/fund/dbl-partners) VC firm **1** round [PeopleFund](https://millionrounds.com/fund/peoplefund) VC firm **1** round [Corning](https://millionrounds.com/fund/corning) Corporate VC **1** round [Standard Investments](https://millionrounds.com/fund/standard-investments) Private equity **1** round [Piva Capital](https://millionrounds.com/fund/piva-capital) VC firm **1** round [Piva](https://millionrounds.com/fund/piva) Growth equity **1** round Microsemi Corporation no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=menlo-micro). ## Also claim to have backed them This firm lists Menlo Micro as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Trancos Ventures](https://millionrounds.com/fund/trancos-ventures) VC firm Per its own site ## Quick answers about Menlo Micro ### Who invested in Menlo Micro? Menlo Micro's investors include Paladin Capital Group, Future Shape, Vertical Venture Partners, 40 North Ventures and Adage Capital Management, and 7 more on record. Future Shape led its latest round. ### How much has Menlo Micro raised? Menlo Micro has raised $213M across 3 rounds since 2016. ### When did Menlo Micro last raise? Menlo Micro's most recent round was a Series C of $150M in Mar 2022, led by Future Shape. ### What was Menlo Micro's biggest round? Its most recent round, $150M in Mar 2022, is also its largest on record. ### Who backed Menlo Micro first? Menlo Micro's first round on record, in Dec 2016, was backed by Paladin Capital Group, Corning and Microsemi Corporation. ### What stage is Menlo Micro at? Menlo Micro's latest named round is a Series C, in Mar 2022. ### Where is Menlo Micro based? Menlo Micro is based in the United States. ### Who led Menlo Micro's rounds? 40 North Ventures led the Series B in 2020; Future Shape led the Series C in 2022. ## Companies like Menlo Micro In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)[**Tenstorrent** $3.0B · Oct 2026](https://millionrounds.com/company/tenstorrent)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)[**Sabi** $50M · Oct 2026](https://millionrounds.com/company/sabi) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app