Menlo Ventures

Activity from announced rounds

Activity in this selectionSeries C+

Menlo Ventures backs early-stage technology companies, with a major focus on AI infrastructure and applications across enterprise, healthcare and consumer markets.

Its stated investment areas also include cybersecurity, fintech, robotics, hardware and supply-chain automation. Across these areas, Menlo examines how AI changes both the underlying infrastructure and the products businesses or consumers use.

The Menlo Anthology Fund is a $100 million initiative developed with Anthropic to finance AI startups. Menlo also publishes research on enterprise, consumer and healthcare AI adoption, offering founders evidence about buyer demand and spending in their markets.

Sources
Rounds participated in
12
Confirmed lead rounds
1
10 roles undisclosed
New companies
12
First participation on record · 0 follow-on
Funding in participating rounds
$4.9B
12 disclosed · full round size, not this investor’s share

By stage

Series C+12

By primary sector

Healthtech4
AI3
Biotech1
Climate tech1
Cybersecurity1
2 more
Enterprise software1
Space tech1

By country

United States10
Sweden2

Rounds

12 in this selection
Modal Labs

Optimizes AI inference to reduce compute costs and response time

$750MSeries D
Participant
Lovable

Lovable helps people build software by describing what they want to an AI development platform.

$400MSeries C
Lead
Obsidian Security

Secures non-human identities and AI agents operating in third-party applications

$85MSeries D
Role not disclosed
Fireworks

Platform for specialized intelligence enabling companies to train and serve custom models

$1.5BSeries D
Role not disclosed
Chai Discovery

Building AI models to accelerate pre-clinical drug discovery

$400MSeries C
Role not disclosed
Assort Health

Provides AI-powered patient journey platform for healthcare organizations

$120MSeries C
Role not disclosed
Nourish

Provides AI-native metabolic health care with dietitians and virtual medical services

$100MSeries C
Role not disclosed
True Anomaly

Builds autonomous spacecraft, advanced payloads, mission software, and space-based interceptors for U.S. national security

$650MSeries D
Role not disclosed
Arc Boat Company

Arc Boat Company builds electric recreational boats and propulsion systems for commercial vessels.

$50MSeries C
Role not disclosed
Legora

Legora develops AI software for law firms and in-house legal teams.

$550MSeries D
Role not disclosed
Grow Therapy

Supports providers delivering in-person and online therapy and psychiatric care.

$150MSeries D
Role not disclosed
Solace Health

Solace Health connects patients with healthcare advocates.

$130MSeries C
Role not disclosed