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Menlo Ventures

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Venture capitalSan Francisco, United Statesmenlovc.comVerified 13 Nov 2026

Menlo Ventures is an early-stage venture capital firm, established in 1976, that invests across AI, healthcare, consumer, cybersecurity, fintech, infrastructure, robotics, SaaS and supply chain. Its investment approach covers inception, venture and inflection stages, and it runs the Menlo Anthology Fund, a $100 million initiative created with Anthropic.

StagesSeed · Series A · Series B+ · Growth
Business modelB2B · B2C
Deals recorded2 since 2026

What they invest in

AIHealthConsumerSoftware and SaaSFintechDeep techIndustrial

Reports by Menlo Ventures (1)

Charts from Menlo Ventures's reports (15)

See all
AI Architectures Remain Surprisingly Simple—Even in ProductionAI Architectures Remain Surprisingly Simple—Even in ProductionMenlo Ventures · December 2025Share of Open-Source LLM Tokens ProcessedShare of Open-Source LLM Tokens ProcessedMenlo Ventures · December 2025Change in Enterprise Market Share Among Open-Source LLMsChange in Enterprise Market Share Among Open-Source LLMsMenlo Ventures · December 2025Enterprise LLM API Market Share by UsageEnterprise LLM API Market Share by UsageMenlo Ventures · December 2025Horizontal AI Spend by CategoryHorizontal AI Spend by CategoryMenlo Ventures · December 2025Healthcare Dominates $3.5B Vertical AI MarketHealthcare Dominates $3.5B Vertical AI MarketMenlo Ventures · December 2025AI Coding Spend: 2024 vs. 2025AI Coding Spend: 2024 vs. 2025Menlo Ventures · December 2025Departmental AI Spend by CategoryDepartmental AI Spend by CategoryMenlo Ventures · December 2025Startups Are Winning Across Application AI, Trail in InfrastructureStartups Are Winning Across Application AI, Trail in InfrastructureMenlo Ventures · December 2025Departmental AI: Startup vs. Incumbent Market ShareDepartmental AI: Startup vs. Incumbent Market ShareMenlo Ventures · December 2025Product-Led Growth (PLG) as a % of AI SpendProduct-Led Growth (PLG) as a % of AI SpendMenlo Ventures · December 2025AI Buyers Convert at Nearly 2x the Rate of Typical Software ProcurementAI Buyers Convert at Nearly 2x the Rate of Typical Software ProcurementMenlo Ventures · December 2025

Mentioned in reports (12)

Reports by other publishers that name Menlo Ventures.

All investments and operations

2 operations
CompanyRoundAmountDateCo-investorsSource
UFORCE
defense (sea drones), UA
–€630 millionNovember 2026Valor Equity Partners, UK National Wealth Fund, US–Ukraine Reconstruction Investment Fund +6therecursive.com
UFORCE
defense tech, GB
series A€630 millionNovember 2026Valor Equity Partners, UK National Wealth Fund, US–Ukraine Reconstruction Investment Fund +6therecursive.com

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