# Menlo Ventures: portfolio, investments and team

> Menlo Ventures is a vc firm based in United States. 740 investments on record, 93 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/menlo-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Menlo Ventures

Last cheque observed Oct 2026; 740 cheques on record.

Email

Deploying now New fund $20M, Sept 2026 VC firm

Pre-seed Seed Series A B2C Enterprise B-to-c

Follow Menlo Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmenlo-ventures)

Deploying now

**100%** of best year **93** **cheques in 12 months**, 740 on record

Since the last cheque **8** days **00** hrs **00** min **00** sec

Median round **$37M** Cheque size, as they say **$1.0M – $20M** Rounds led **39 of 740** Sole investor **39 rounds** Exits **84 from the portfolio** Mostly in **United States, 85%**

Pitch Menlo Ventures

## Menlo Ventures highlights

- 01 93 cheques in the last 12 months
- 02 Mostly Series B and Series A: 44% of its rounds
- 03 Sole investor in 39 rounds, median $6.0M
- 04 84 exits from the portfolio

## What they do

> Menlo Ventures is an early-stage venture capital firm that invests across AI, consumer, enterprise, and healthcare technologies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $20M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** B2C Enterprise B-to-c
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **740 appearances**

- **2026** 77 rounds
- **Oct** **[Warp Sciences](https://millionrounds.com/company/warp-sciences)** Series A · US · Analytics India Magazine **$215M** With 27 others
- **Oct** **[Alta](https://millionrounds.com/company/alta)** Series A · US · Google News search **$20M** With 2 others
- **Oct** **[Legora](https://millionrounds.com/company/legora)** Series E · SE · Google News search **$550M** With 17 others
- **Oct** **[Town](https://millionrounds.com/company/town)** Series B · US · Menlo Ventures **$108M** *Led*
- **Oct** **[Modal Labs Inc.](https://millionrounds.com/company/modal-labs-inc)** Series D · US · Crunchbase News **$750M** With 7 others
- **Oct** **[Meticulous](https://millionrounds.com/company/meticulous)** Series A · US · Pulse 2.0 **$15M** With 12 others
- **Oct** **[Nous Research](https://millionrounds.com/company/nous-research)** Series B · US · Firms' own news pages **$90M** With 6 others
- **Oct** **[Armadin](https://millionrounds.com/company/armadin)** Series B · US · Leap Ventures **$256M** With 9 others
- **Sept** **[Basecamp Research](https://millionrounds.com/company/basecamp-research)** Series C · GB · Ventureburn **$140M** With 17 others
- **Sept** **[Factory](https://millionrounds.com/company/factory)** Growth · US · Google News search **$200M** *Led*
- **Sept** **[Aron](https://millionrounds.com/company/aron)** Seed · US · The SaaS News **$8.0M** *Led*
- **Sept** **[Gimlet Labs](https://millionrounds.com/company/gimlet-labs)** Series B · US **$300M** With 4 others
- **Sept** **[Cartwheel](https://millionrounds.com/company/cartwheel)** Grant · US **$250K** With 4 others
- **Sept** **[Encoded Therapeutics](https://millionrounds.com/company/encoded-therapeutics)** Series F · US **$275M** With 4 others
- **Sept** **[Heidi Health](https://millionrounds.com/company/heidi-health)** Debt · AU **$240M** With 4 others
- **Sept** **[Whisper Aero](https://millionrounds.com/company/whisper-aero)** Venture · US **$46M** With 3 others
- **Sept** **[Qualia](https://millionrounds.com/company/qualia)** Venture · US **$50M** With 3 others
- **Sept** **[ProducePay](https://millionrounds.com/company/producepay)** Venture · US **$140M** With 2 others
- **Aug** **[Wispr](https://millionrounds.com/company/wispr)** Series B · US · TechCrunch **$280M** *Led*
- **Aug** **[Higgsfield](https://millionrounds.com/company/higgsfield)** Series B · US · Google News search **$400M** With 20 others
- **Aug** **[Lovable](https://millionrounds.com/company/lovable)** Series C · SE · Menlo Ventures **$400M** *Led*
- **Jul** **[Pangram](https://millionrounds.com/company/pangram)** Venture · US · TechCrunch **$9.0M** *Led*
- **Jul** **[Cheiron](https://millionrounds.com/company/cheiron)** Seed · Menlo Ventures **$8.0M** *Led*
- **Jul** **[Fireworks AI](https://millionrounds.com/company/fireworks-ai)** Series D · US · Menlo Ventures **$1.5B** With 12 others
- **Jul** **[Walden Robotics](https://millionrounds.com/company/walden-robotics)** Seed · US · Google News search **$300M** With 12 others
- **Jul** **[Lovable](https://millionrounds.com/company/lovable)** SE · TechCrunch **$300M** *Led*
- **Jul** **[Prime Intellect](https://millionrounds.com/company/prime-intellect)** Series A · US · TechCrunch **$130M** With 11 others
- **Jul** **[a1Mobile](https://millionrounds.com/company/a1mobile)** Seed · US **$12M** With 3 others
- **Jul** **[Scribe Therapeutics](https://millionrounds.com/company/scribe-therapeutics)** US **$7.5M** With 4 others
- **Jul** **[Zafran Security](https://millionrounds.com/company/zafran-security)** Venture · US **$60M** With 2 others
- **Jul** **[Function Health](https://millionrounds.com/company/function-health)** Debt · US **$450M** With 4 others
- **Jul** **[Singularity](https://millionrounds.com/company/singularity)** Series A · SG **$80M** With 4 others
- **Jul** **[Chai Discovery](https://millionrounds.com/company/chai-discovery)** Series C · US **$400M** With 3 others
- **Jun** **[Assort Health](https://millionrounds.com/company/assort-health)** Series C · US · Menlo Ventures **$120M** *Led*
- **Jun** **[Suno](https://millionrounds.com/company/suno)** Series D · US · TechCrunch **$400M** With 9 others
- **Jun** **[Modal Labs](https://millionrounds.com/company/modal-labs)** Growth · US · TechStartups **$355M** With 6 others
- **Jun** **[Westmag](https://millionrounds.com/company/westmag)** Series A · US · Ventureburn **$11M** With 7 others
- **Jun** **[Mecka AI](https://millionrounds.com/company/mecka-ai)** Series A · US · Ventureburn **$60M** With 5 others
- **Jun** **[Scribe Therapeutics](https://millionrounds.com/company/scribe-therapeutics)** Grant · US **$25M** With 4 others
- **Jun** **[Peregrine Technologies](https://millionrounds.com/company/peregrine-technologies)** Series D · US **$250M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **17 named**

CS **Carolan Shawn** A Managing Member of the General Partner i Filing they signed

DC **Douglas Craig Carlisle** A Managing Member of the General Partner i Filing they signed

GV **Ganesan Venky** A Managing Member of the General Partner i Filing they signed

HD **H. DuBose Montgomery** A Managing Member of the General Partner i Filing they signed

HD **Henry Dubose Montgomery** A Managing Member of the General Partner i Filing they signed

JW **Jarve W. Jarve** A Managing Member of the General Partner i Filing they signed

JW **John William Jarve** A Managing Member of the General Partner i Filing they signed

KE **Kirsten Eileen Ashton Mello** Chief Financial Officer, Member i Form ADV

MA **Mark Aaron Siegel** A Managing Member of the General Partner i Filing they signed

MT **Matthew T. Murphy** A Managing Member of the General Partner i Filing they signed

MM **Murphy Matthew** A Managing Member of the General Partner i Filing they signed

PA **Pravin A. Vazirani** A Managing Member of the General Partner i Filing they signed

ST **Shawn Timothy Carolan** A Managing Member of the General Partner i Filing they signed

SA **Shervin A. Pishevar** A Managing Member of the General Partner i Filing they signed

TC **T. Carolan Shawn** A Managing Member of the General Partner i Filing they signed

VV **Venkataraman Vishnampet Ganesan** Managing Director, Managing Member i Form ADV

VT **Venky T. Ganesan** A Managing Member of the General Partner i Filing they signed

We also hold **70** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$12B** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Menlo Ventures Management, L.P.
- **SEC number:** CRD 283999

Who backs their funds

## 1 LP on record in Menlo Ventures's funds

- **Committed:** $1.1B
- **Funds:** 12
- **Vintages:** 1983 to 2026

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**Washington State Investment Board** 12 funds *$1.1B*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Menlo Ventures XVII 2026 $175M Menlo Ventures XV 2020 $125M Menlo Ventures XIV 2017 $100M Menlo Ventures XII 2015 $100M Menlo Ventures XI 2011 $100M Menlo Ventures X 2006 $150M Menlo Ventures IX 2001 $200M Menlo Ventures VIII 1999 $50M and 4 more

## What they claim to have backed

From their own portfolio page (on their website)

**24** of 35 we have independently watched raise

[6river](https://millionrounds.com/company/6-river-systems)[Abnormal](https://millionrounds.com/company/abnormal-ai)[Aeroscout](https://millionrounds.com/company/aeroscout)[Airbase](https://millionrounds.com/company/airbase)[Aisera](https://millionrounds.com/company/aisera)[Alloy](https://millionrounds.com/company/alloy-ai)[Ansible](https://millionrounds.com/company/ansible)[Anthropic](https://millionrounds.com/company/anthropic)[Appdome](https://millionrounds.com/company/appdome)[Arcboats](https://millionrounds.com/company/arc-boats)[Archlabs](https://millionrounds.com/company/arch-labs)[Armadin](https://millionrounds.com/company/armadin)[Assemblelabs](https://millionrounds.com/company/assemble-labs)[Assorthealth](https://millionrounds.com/company/assort-health)[Auroratherapeutics](https://millionrounds.com/company/aurora-therapeutics)[Avinetworks](https://millionrounds.com/company/avi-networks)[Benchling](https://millionrounds.com/company/benchling)[Betterment](https://millionrounds.com/company/betterment)[Chime](https://millionrounds.com/company/chime)[Fireworks](https://millionrounds.com/company/fireworks-ai)[Openevidence](https://millionrounds.com/company/openevidence)[Suno](https://millionrounds.com/company/suno)[Uber](https://millionrounds.com/company/uber-advanced-technologies-group)[lovable.dev](https://millionrounds.com/company/lovable) Accordance Affinity Alcove Altadaily Anycart Axiommath Getabacus Hpe Useanvil agency.inc astrix.security

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **84 in all**

**[Fleetsmith](https://millionrounds.com/company/fleetsmith)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** Jun 2020

**[Eero](https://millionrounds.com/company/eero)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$97M** Feb 2019

**[PillPack](https://millionrounds.com/company/pillpack)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$753M** Jun 2018

**[Avere Systems](https://millionrounds.com/company/avere-systems)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Jan 2018

**[LiveOps](https://millionrounds.com/company/liveops)** Bought by [Marlin Equity Partners](https://millionrounds.com/fund/marlin-equity-partners) **Undisclosed** Dec 2015

**[Ansible](https://millionrounds.com/company/ansible)** Bought by Red Hat **$150M** Oct 2015

**[RF Surgical Systems](https://millionrounds.com/company/rf-surgical-systems)** Bought by [Medtronic](https://millionrounds.com/fund/medtronic) **$235M** Jul 2015

**[Voltage Security](https://millionrounds.com/company/voltage-security)** Bought by Hp **Undisclosed** May 2015

**[Fab](https://millionrounds.com/company/fab)** Bought by [PCH International](https://millionrounds.com/fund/pch-international) **$15M** Mar 2015

**[eXelate](https://millionrounds.com/company/exelate)** Bought by Nielsen Holdings **$200M** Mar 2015

**[Voltage Security](https://millionrounds.com/company/voltage-security)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **Undisclosed** Feb 2015

**[Librato](https://millionrounds.com/company/librato)** Bought by SolarWinds **$40M** Jan 2015

**[Scan](https://millionrounds.com/company/scan)** Bought by Snapchat **$50M** Dec 2014

**[Readyforce](https://millionrounds.com/company/readyforce)** Bought by LookSharp (powering InternMatch) **Undisclosed** Dec 2014

**[Nexxo Financial](https://millionrounds.com/company/nexxo-financial)** Bought by [MoneyGram International](https://millionrounds.com/fund/moneygram-international) **Undisclosed** Sept 2014

**[Cellfire](https://millionrounds.com/company/cellfire)** Bought by Catalina Marketing **Undisclosed** Sept 2014

**[Emu Messenger](https://millionrounds.com/company/emu-messenger)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Aug 2014

**[Propeller](https://millionrounds.com/company/propeller)** Bought by [Palantir Technologies](https://millionrounds.com/fund/palantir-technologies) **Undisclosed** Jul 2014

**[Flurry](https://millionrounds.com/company/flurry)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$200M** Jul 2014

**[Dropcam](https://millionrounds.com/company/dropcam)** Bought by Nest Labs **$555M** Jun 2014

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$20M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$37M** the round, not its cheque Alone, median **$6.0M**

Led 39 of 740 rounds **5%**

- **Said size:** $1.0M – $20M
- **Sole investor:** 39 rounds
- **Last cheque:** Oct 2026
- **Exits:** 84 from the portfolio

Rounds by stage said on their site

- Series B said *154*
- Series A said *133*
- Series C *121*
- Venture *99*
- Seed said *72*
- Series D *71*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 44
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 35
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 33
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 32
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 31
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 29

**Pitching Menlo Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Menlo Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Lightspeed Venture Partners** VC firm **44** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Alumni Ventures** VC firm **35** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Andreessen Horowitz** VC firm **33** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Sequoia Capital** VC firm **32** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Y Combinator** Accelerator **31** rounds together](https://millionrounds.com/fund/y-combinator)[**New Enterprise Associates** VC firm **29** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**First Round Capital** VC firm **28** rounds together](https://millionrounds.com/fund/first-round-capital)[**General Catalyst** VC firm **28** rounds together](https://millionrounds.com/fund/general-catalyst)[**Accel** VC firm **27** rounds together](https://millionrounds.com/fund/accel)[**Redpoint** VC firm **24** rounds together](https://millionrounds.com/fund/redpoint)[**SV Angel** VC firm **24** rounds together](https://millionrounds.com/fund/sv-angel)[**Google Ventures** Corporate VC **21** rounds together](https://millionrounds.com/fund/gv)

## Recently backed

The latest companies Menlo Ventures put money into.

[**Alta** $20M · Oct 2026](https://millionrounds.com/company/alta)[**Legora** $550M · Oct 2026](https://millionrounds.com/company/legora)[**Town** $108M · Oct 2026](https://millionrounds.com/company/town)[**Meticulous** $15M · Oct 2026](https://millionrounds.com/company/meticulous)[**Nous Research** $90M · Oct 2026](https://millionrounds.com/company/nous-research)[**Basecamp Research** $140M · Sept 2026](https://millionrounds.com/company/basecamp-research)

## On podcasts

6 episodes naming Menlo Ventures in the title, and 4 more that mention it.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 5 Oct 2026 · 1h 7m 20VC: Is Seed Investing Dead Without a $1BN Fund? | Does Ownership and Price Matter When Companies Can Be $1TRN Exits | Are AI Revenue Numbers Real and What to Watch Out For with Venky Ganesan, Menlo Ventures With [Venky Ganesan](https://millionrounds.com/person/venky-ganesan) Mentions [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Apple PodcastsShow page
- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 2 Jul 2025 · 52 min E182: Lessons from 17 Years at Menlo Ventures and Accel w/Tyler Sosin With [Tyler Sosin](https://millionrounds.com/person/tyler-sosin) Mentions [Accel](https://millionrounds.com/fund/accel)[Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Apple PodcastsShow page
- [The Biotech Startups Podcast](https://millionrounds.com/podcasts/biotech-startups) 26 May 2025 · 44 min 🧬 NASA, Harvard & Biotech: A Journey to Investing at Menlo Ventures | Johnny Hu (Part 1/4) With [Johnny Hu](https://millionrounds.com/person/johnny-hu) Mentions [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Apple PodcastsShow page
- [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 25 Mar 2024 · 23 min Melting the Ice: Menlo Ventures' Approach to VC Winter with Matt Murphy | 2024 Upfront Summit With [Matt Murphy](https://millionrounds.com/person/matt-murphy) Mentions [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 10 Apr 2020 · 1h 36m E41: "Angel" Podcast: Shawn Carolan, Managing Partner at Menlo Ventures shares insights on his early investments in Uber, Roku, Siri & JUMP Bikes, adjusting his approach in response to hundreds of new venture funds with billions in dry powder & more! With [Shawn Carolan](https://millionrounds.com/person/shawn-carolan) Mentions [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures)[Travis Kalanick](https://millionrounds.com/fund/travis-kalanick) Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 19 Sept 2019 · 24 min SaaStr 267: Menlo Ventures Partner Naomi Ionita on 3 Lessons in Monetization - Matching Price to Value With [Naomi Ionita](https://millionrounds.com/person/naomi-ionita) Mentions [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Apple PodcastsShow page

### Mentioned in

- [The Peel](https://millionrounds.com/podcasts/the-peel) 26 Oct 2026 · 1h 13m Inside the Anthropic Bet That Made Menlo a Top AI Firm | Matt Murphy Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 8 Oct 2026 · 1h 19m What VCs Really Think About Personal AI Agents | E2347 Apple Podcasts
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 27 Jul 2026 · 1h 3m 20VC: Leading Anthropic's First Ever Round | Will Open Source Threaten Anthropic's Business | Do Margins Matter in a World of AI | Why Triple, Triple, Double, Double is Not Good Enough Today | Why Series A is Hard Today with Matt Murphy @ Menlo Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 26 Feb 2026 · 1h 22m Behind the Scenes with an early OpenClaw contributor! | E2252 Apple PodcastsShow page

## Quick answers about Menlo Ventures

### What does Menlo Ventures invest in?

Menlo Ventures invests most often at Series B and Series A (44% of the rounds on record), in sectors such as B2C, Enterprise and B-to-c.

### How active is Menlo Ventures?

740 investments on record, 93 of them in the last 12 months, and it led 39. The most recent was in Oct 2026.

### What has Menlo Ventures invested in recently?

Its most recent investments on record: Warp Sciences (Series A, Oct 2026), Alta (Series A, Oct 2026) and Legora (Series E, Oct 2026).

### How big are Menlo Ventures's cheques?

The median round it joins is $37M. It says it writes cheques of $1.0M to $20M.

### Does Menlo Ventures lead rounds?

Sometimes: it led 39 of its 740 investments on record (5%).

### Where does Menlo Ventures invest?

Most of the companies it backs are in the United States (85%) and Sweden (8%).

### Is Menlo Ventures investing now?

Yes: it is actively investing, with 93 investments in the last 12 months.

### Who does Menlo Ventures invest alongside?

Most often Lightspeed Venture Partners (44 rounds together), Alumni Ventures (35 rounds together) and Andreessen Horowitz (33 rounds together).

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