Menlo Ventures

Reviewed Updated Jul 16, 2026

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Location Menlo Park, CA
Founded 1976
Fund Size $5.8B+ AUM; $1.35B raised in 2023 (Fund XVI + Inflection III)
Website https://menlovc.com
Stage Focus
seed series-a series-b growth
Sector Focus
ai cybersecurity fintech consumer enterprise healthcare infrastructure robotics

Team

Matt Murphy Partner
Venky Ganesan Partner
Shawn Carolan Partner
Deedy Das Partner
Matt Kraning Partner
Amy Wu Martin Partner
Joff Redfern Partner
JP Sanday Partner
Rama Sekhar Partner
Steve Sloane Partner
Tim Tully Partner
Greg Yap Partner
Croom Beatty Partner

About

Menlo Ventures is one of Silicon Valley’s oldest venture capital firms, founded in 1976 by H. DuBose Montgomery 12. The firm is headquartered in Menlo Park, California, with an additional presence in San Francisco 1.

Over nearly 50 years, Menlo Ventures has grown to manage more than $5.8 billion in assets 2. The firm’s portfolio includes more than 85 public companies and over 170 exits through mergers and acquisitions, with 25 unicorns 23. As of March 2026, Menlo Ventures has invested in 466 companies, with 31 new investments in the last 12 months 3.

In November 2023, the firm raised $1.35 billion across two vehicles: Menlo XVI (early-stage) and Menlo Inflection III (early growth) 4. In July 2024, Menlo Ventures partnered with Anthropic to launch the Anthology Fund, a $100 million initiative to back AI-native startups at pre-seed through Series A stages 56. By December 2024, the Anthology Fund had selected its first cohort of 18 companies from thousands of applications 7.

Stated Thesis

Menlo Ventures publicly describes itself as “ALL IN on AI,” signaling that artificial intelligence is the firm’s dominant current investment focus 1. The firm invests across multiple technology sectors including AI, bio and healthcare, consumer, cybersecurity, fintech, infrastructure, robotics and hardware, SaaS, and supply chain and automation 1.

The firm’s tagline is: “When we invest, we’re invested” — emphasizing active involvement beyond passive capital provision 1.

Through the Anthology Fund, Menlo has articulated five specific AI investment themes 5: 1. AI Infrastructure — developer tools and middleware advancing LLM adoption 2. Frontier AI Applications — transforming bio, healthcare, legal, financial services, and cybersecurity 3. Consumer AI Solutions — integrating LLMs into user experiences 4. Trust and Safety Tooling — responsible AI deployment 5. Societal Benefit AI — education, job creation, and accessibility

Six Menlo partners lead the Anthology Fund: Deedy Das, Amy Wu Martin, Venky Ganesan, Tim Tully, Matt Murphy, and Joff Redfern, working alongside Anthropic President Daniela Amodei and CPO Mike Krieger 5.

Inferred Thesis

Based on Menlo Ventures’ verified portfolio data:

Stage distribution: The firm invests from seed through growth. Recent fundraising separates early-stage (Menlo XVI) from early growth (Inflection III), suggesting a dual-track approach 4. The Anthology Fund focuses specifically on pre-seed to Series A 5.

Sector focus: Menlo’s current portfolio reflects a heavy AI tilt. Key sectors include AI/ML (Anthropic, Pinecone, Abnormal AI), fintech (Chime, Betterment, Carta), cybersecurity (Abnormal Security, BitSight), enterprise SaaS (Harness, Benchling), consumer (Roku, Poshmark, Rover), and healthcare (Recursion, PillPack) 13.

AI as defining bet: Menlo’s investment in Anthropic, combined with the $100M Anthology Fund partnership, represents one of the most concentrated AI bets by any venture firm. The firm produces an annual “State of Generative AI” report, positioning itself as a thought leader in the AI investment landscape 8.

Notable exits: Key liquidity events include Uber, Roku (IPO), Chime (IPO on Nasdaq), Poshmark, Warby Parker, PillPack (acquired by Amazon), and Siri (acquired by Apple) 13.

Co-investor patterns: The Anthropic partnership gives Menlo a structural advantage in AI deal flow, as portfolio companies receive Anthropic model credits and access to Anthropic’s research team 5.

Geographic focus: Primarily U.S.-based, with the Anthology Fund considering exceptional international companies 5.

Portfolio

Company Stage Year Sector Status
Anthropic Series C, Series D (led, 2024-01-11, $750M at $18.4B via Menlo Inflection AI Partners SPV), Series E, Series F, Series G, Series H 2023-05-23 onward AI Private 126
Pinecone Series B (participated; $100M at $750M val; Andreessen Horowitz led) 2023-04-27 AI Infrastructure Private 383940
Abnormal Security Growth ~2021 Cybersecurity/AI Private 1
Chime Series D (participated; $200M at $1.5B val; DST Global led) 2019-03-05 Fintech IPO (Nasdaq) 474849
Roku Early ~2008 Consumer Electronics IPO 3
Uber Series B (led; $32M at $322M post-money val) 2011-12-07 Mobility IPO 414243
Carta Series E (participated; $300M at $1.7B val; Andreessen Horowitz led) 2019-05-06 Fintech Private 444546
Betterment Growth ~2016 Fintech Private 1
BitSight Growth ~2018 Cybersecurity Private 1
Poshmark Early ~2013 Consumer Marketplace IPO 3
Rover Early ~2014 Consumer Marketplace IPO 3
Warby Parker Growth ~2015 Consumer IPO 3
Harness Growth ~2020 Developer Tools Private 1
Benchling Growth ~2019 Life Sciences Private 1
Recursion Growth ~2020 Healthcare/AI Public 1
PillPack Early ~2014 Healthcare Acquired by Amazon 3
Siri Early ~2009 AI/Voice Acquired by Apple 3
Typeface Early ~2023 AI/Content Private 1
Grow Therapy Series D (participated) 2026-03-03 Healthcare/Mental Health Private 91415
Legora Series D (participated) 2026-03-10 AI/Legal Tech Private 101617
Qualified Health Series B (participated, Anthology Fund) 2026-03-25 Healthcare/AI Private 1118
Manifest OS Series A (led, $60M at $750M val) 2026-04-28 LegalTech / AI Private 1219
True Anomaly Series D (participated) 2026-04-28 Aerospace & Defense Private 13
Nectar Social Series A (led, Anthology Fund) 2026-05-14 AI / MarTech / Social Commerce Private 20
OpenRouter Series B (follow-on, $113M at $1.3B val; CapitalG led) 2026-05-26 AI / LLM Infrastructure Private 21
Westmag Seed (participated, $11M; Andreessen Horowitz led) 2026-06-02 Hardware / Robotics / Drones Private 22232425
Skild Series A (participated, $300M at $1.5B val; Lightspeed/Coatue/SoftBank/Bezos led) 2024-07-09 AI / Robotics Foundation Model Private 2728
Lovable Series B (co-led via Anthology Fund with CapitalG, $330M at $6.6B val) 2025-12-18 AI / Developer Tools / Vibe Coding Private 293031
Suno Series C (led, $250M at $2.45B val) 2025-11-19 AI / Generative Music Private 323334
Meticulous Series A (participated, $15M; Chemistry led; angels from Poolside, Dropbox, Vercel, OpenAI, Stripe, Adobe, Hex, Cursor) 2026-07-15 Developer Tools / AI Testing Private 353637
Singularity Series A (participated; $80M at $400M post-money; Khosla Ventures + Felicis co-led; AE Ventures, NEA existing seed; Long Journey, Harpoon, Y Combinator, Decisive Point, New Vista, Sunflower, Soma also participated) 2026-07-14 Defense / Aerospace / Deep Tech Private 505152

This table represents a small fraction of Menlo’s 466 total investments. The firm has produced 85+ public companies and 170+ M&A exits 2.

In Their Own Words

No independently verified direct quotes found from Menlo Ventures partners beyond website marketing copy.

What Founders Say

No independently sourced founder testimonials found.

Sources

  1. Menlo Ventures website, homepage, accessed March 2026. https://menlovc.com/↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩

  2. Menlo Ventures overview, Capital AUM, accessed March 2026. https://capitalaum.com/venture-capital/menloventures-menlopark-ca.htm↩↩↩↩

  3. Tracxn, “Menlo Ventures — 2026 Investor Profile,” accessed March 2026. https://tracxn.com/d/venture-capital/menloventures/__Rm57TwDiGwWoGLH7WShryso4_li5L-0uSGfAnE7ghGI↩↩↩↩↩↩↩↩↩↩

  4. Bloomberg, “Menlo Ventures Raises $1.35 Billion in Funds for AI Investments,” November 16, 2023. https://www.bloomberg.com/news/articles/2023-11-16/menlo-ventures-raises-1-35-billion-in-funds-for-ai-investments↩↩

  5. Menlo Ventures website, “Anthology Fund,” accessed March 2026. https://menlovc.com/anthology-fund/↩↩↩↩↩↩

  6. CNBC, “Anthropic, Menlo Ventures launch $100 million Anthology Fund for AI,” July 17, 2024. https://www.cnbc.com/2024/07/17/anthropic-menlo-ventures-launch-100-million-anthology-fund-for-ai.html↩

  7. TechCrunch, “Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund,” December 18, 2024. https://techcrunch.com/2024/12/18/menlo-ventures-and-anthropic-have-picked-the-first-18-startups-for-their-100m-fund/↩

  8. GlobeNewsWire, “Menlo Ventures’ 2025 State of Generative AI Report,” December 9, 2025. https://www.globenewswire.com/news-release/2025/12/09/3202258/0/en/Menlo-Ventures-2025-State-of-Generative-AI-Report-Enterprise-Investment-Hit-37B-in-2025-Tripling-in-One-Year.html↩

  9. “Grow Therapy Raises $150 Million in Series D.” PR Newswire, March 3, 2026. https://www.prnewswire.com/news-releases/grow-therapy-raises-150-million-in-series-d-as-it-solidifies-new-flagship-partnerships-302702388.html↩

  10. TechCrunch, “Legora raises $550M Series D at $5.55B valuation,” March 10, 2026. https://techcrunch.com/2026/03/10/legora-series-d↩

  11. PR Newswire, “Qualified Health Raises $125M Series B,” March 25, 2026. https://www.prnewswire.com/news-releases/qualified-health-raises-125m-series-b-to-meet-growing-demand-for-enterprise-ai-transformation-across-health-systems-302723600.html↩

  12. Legal IT Insider, “Manifest OS raises $60m Series A to build AI-native law firm model,” April 28, 2026. https://legaltechnology.com/2026/04/28/manifest-os-raises-60m-series-a-to-build-ai-native-law-firm-model/↩

  13. BusinessWire, “True Anomaly Raises $650 Million Series D Financing to Accelerate Space Superiority at Scale,” April 28, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260428626943/en/True-Anomaly-Raises-$650-Million-Series-D-Financing-to-Accelerate-Space-Superiority-at-Scale↩

  14. Grow Therapy blog, “Grow Therapy Raises $150M to Expand Mental Health Access,” accessed May 2026. https://growtherapy.com/blog/series-d/↩

  15. Behavioral Health Business, “With $1B in Revenue, Grow Therapy Lands $150M Series D,” March 3, 2026, accessed May 2026. https://bhbusiness.com/2026/03/03/with-1b-in-revenue-grow-therapy-lands-150m-series-d/↩

  16. Legora newsroom, “Legora raises $550 million Series D to fuel US growth,” March 10, 2026, accessed May 2026. https://legora.com/newsroom/legora-raises-550-million-series-d-to-fuel-us-growth↩

  17. Crunchbase News, “Swedish Legal Tech Startup Legora Triples Valuation To $5.55B With $550M Series D Led By Accel,” March 10, 2026, accessed May 2026. https://news.crunchbase.com/venture/unicorn-legal-tech-ai-startup-legora-triples-valuation/↩

  18. The SaaS News, “Qualified Health Secures $125M in Series B,” March 26, 2026, accessed May 2026. https://www.thesaasnews.com/news/qualified-health-secures-125m-in-series-b↩

  19. BusinessWire, “Manifest OS Raises $60M to Scale the World’s First AI-Native Law Firm Model,” April 28, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260427884891/en/Manifest-OS-Raises-$60M-to-Scale-the-Worlds-First-AI-Native-Law-Firm-Model — $60M Series A announced April 28, 2026 at $750M valuation; led by Menlo Ventures with Kleiner Perkins, First Round Capital, and Quiet Capital participating. Largest Series A in legal tech history. Cross-referenced with Menlo Ventures, “Manifest OS: AI-Powered Legal Services for Every Business,” April 28, 2026. https://menlovc.com/perspective/manifest-os-ai-powered-legal-services-for-every-business/↩

  20. Menlo Ventures, “Nectar Social: Rewriting the Modern Marketing Playbook,” May 14, 2026. Accessed May 2026. https://menlovc.com/perspective/nectar-social-rewriting-the-modern-marketing-playbook/ — $30M Series A announced May 14, 2026, led by Menlo Ventures and its Anthology Fund (created with Anthropic), with True Ventures, GV, and Kinship Ventures participating. Cross-referenced with Business Wire press release, https://www.businesswire.com/news/home/20260513604281/en/Nectar-Social-Raises-$30M-Series-A-to-Build-the-Agentic-Operating-System-for-Modern-Marketing.↩

  21. Axios Pro Rata, “OpenRouter raises $113M at $1.3B valuation led by CapitalG,” May 26, 2026. Accessed May 2026. https://www.axios.com/newsletters/axios-pro-rata — Confirms Menlo Ventures participated as follow-on investor in OpenRouter’s $113M Series B on May 26, 2026; CapitalG led; Andreessen Horowitz also participated. ↩

  22. BusinessWire, “Westmag Emerges With $11 Million Seed Led By Andreessen Horowitz to Build America’s Drone Motor and Robot Actuator Industry,” June 2, 2026. Accessed June 2026. https://www.businesswire.com/news/home/20260602552448/en/Westmag-Emerges-With-$11-Million-Seed-Led-By-Andreessen-Horowitz-to-Build-Americas-Drone-Motor-and-Robot-Actuator-Industry — Primary press release; names Menlo Ventures among participating investors alongside Founders Fund, Lux Capital, and NFDG. ↩

  23. Andreessen Horowitz, “Investing in Westmag,” by Erin Price-Wright and Oliver Hsu, June 2, 2026. Accessed June 2026. https://a16z.com/announcement/investing-in-westmag/ — a16z’s own announcement explicitly names Lux Capital, Menlo Ventures, and Founders Fund as co-investors in Westmag’s $11M seed round. ↩

  24. DroneXL, “Westmag Raises $11M To Build American Drone Motors, Betting Scale Beats China On Price,” June 3, 2026. Accessed June 2026. https://dronexl.co/2026/06/03/westmag-11m-american-drone-motors-fcc-ban/ — Independent press confirmation: “The round was led by Andreessen Horowitz, with Founders Fund, Lux Capital, NFDG, and Menlo Ventures participating.” ↩

  25. The AI Insider, “Westmag Emerges From Stealth With $11M in Seed Funding for American-Made Drone Motors and Robot Actuators,” June 3, 2026. Accessed June 2026. https://theaiinsider.tech/2026/06/03/westmag-emerges-from-stealth-with-11-million-seed-in-funding-led-by-andreessen-horowitz-for-american-made-drone-motors-and-robot-actuators/ — Independent press confirmation of Menlo Ventures participation alongside Founders Fund, Lux Capital, and NFDG. ↩

  26. Forbes (Alex Konrad), “Inside AI Unicorn Anthropic’s Unusual $750 Million Fundraise,” January 11, 2024. Accessed July 2026. https://www.forbes.com/sites/alexkonrad/2024/01/11/anthropic-750million-funding-round-menlo-ventures/ — Primary contemporaneous press naming Menlo Ventures as lead of Anthropic’s $750M Series D at $18.4B post-money valuation via SPV “Menlo Inflection AI Partners” (~$500M through SPV, ~$250M from Menlo’s own fund and firm insiders). Cross-referenced with Menlo Ventures’ own blog “Tripling Down on Anthropic,” https://menlovc.com/perspective/tripling-down-on-anthropic-why-were-excited-to-continue-investing-in-the-leader-in-the-future-of-ai/, and Crunchbase News “Menlo Ventures Looks To Add To Growing AI Portfolio With New Anthropic Partnership,” https://news.crunchbase.com/ai/menlo-ventures-portfolio-anthropic-anthology/.↩

  27. Skild AI blog, “Announcing our $300M Series A Funding,” July 9, 2024. Accessed July 2026. https://www.skild.ai/blogs/announcing-our-300m-series-a — Startup’s own announcement naming Menlo Ventures as participant alongside lead investors Lightspeed, Coatue, SoftBank, and Bezos Expeditions, plus Felicis, Sequoia, General Catalyst, CRV, SV Angel, Amazon Industrial Innovation Fund, and Alexa Fund. ↩

  28. BusinessWire, “Skild AI Raises $300M Series A To Build A Scalable AI Foundation Model For Robotics,” July 9, 2024. Accessed July 2026. https://www.businesswire.com/news/home/20240709306400/en/Skild-AI-Raises-%24300M-Series-A-To-Build-A-Scalable-AI-Foundation-Model-For-Robotics — Contemporaneous press release confirming $300M at $1.5B valuation with Menlo Ventures as participant. ↩

  29. Menlo Ventures, “Software Creation for All: Leading Lovable’s $330M Series B,” by Matt Murphy, Joff Redfern, and Sam Borja, December 18, 2025. Accessed July 2026. https://menlovc.com/perspective/software-creation-for-all-leading-lovables-330m-series-b/ — Menlo’s own announcement confirming Anthology Fund co-led Lovable’s Series B alongside CapitalG. ↩

  30. Lovable blog, “Lovable raises $330M to power the age of the builder,” December 18, 2025. Accessed July 2026. https://lovable.dev/blog/series-b — Startup’s own announcement confirming $330M Series B at $6.6B valuation co-led by CapitalG and Menlo Ventures’ Anthology Fund, with NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning backers Accel, Creandum, and Evantic. ↩

  31. TechCrunch, “Vibe-coding startup Lovable raises $330M at a $6.6B valuation,” December 18, 2025. Accessed July 2026. https://techcrunch.com/2025/12/18/vibe-coding-startup-lovable-raises-330m-at-a-6-6b-valuation/ — Contemporaneous tier-1 press confirming the round details. ↩

  32. Suno company blog, “The Future of Music is Already Here,” Series C announcement, November 19, 2025. Accessed July 2026. https://suno.com/blog/series-c-announcement — Suno’s own announcement confirming Menlo Ventures led the $250M Series C at $2.45B valuation, with participation from NVentures (NVIDIA), Hallwood Media, Lightspeed, and Matrix. ↩

  33. PR Newswire, “Suno Raises $250M at a $2.45B Valuation,” November 19, 2025. Accessed July 2026. https://www.prnewswire.com/news-releases/suno-raises-250m-at-a-2-45b-valuation-302620166.html — Contemporaneous press release confirming Menlo Ventures as lead and $250M at $2.45B post-money. ↩

  34. TechCrunch, “Legally embattled AI music startup Suno raises at $2.45B valuation on $200M revenue,” November 19, 2025. Accessed July 2026. https://techcrunch.com/2025/11/19/legally-embattled-ai-music-startup-suno-raises-at-2-45b-valuation-on-200m-revenue/ — Tier-1 press confirming Menlo Ventures lead role and $200M annual revenue at raise. ↩

  35. “Meticulous raises $15m to accelerate the pace of software development,” Meticulous blog, July 15, 2026. Accessed July 16, 2026. https://www.meticulous.ai/blog/series-a — Company’s own announcement confirming Menlo Ventures participation in $15M Series A led by Chemistry. ↩

  36. “Meticulous Series A · $15M raised · (2026),” StartupHub.ai, July 15, 2026. Accessed July 16, 2026. https://www.startuphub.ai/investment_rounds/meticulous-series-a-202 — Contemporaneous coverage confirming Menlo Ventures co-investor role. ↩

  37. “Meticulous raises $15M to help developers ship AI-generated code faster,” Vestbee, July 2026. Accessed July 16, 2026. https://www.vestbee.com/insights/articles/meticulous-raises-15-m — Third independent tier-1 source confirming Menlo Ventures as co-investor in Chemistry-led $15M Series A on 2026-07-15. ↩

  38. Pinecone blog, “Announcing Our $100M Series B Funding to Build Long-Term Memory for AI,” April 27, 2023. Accessed July 2026. https://www.pinecone.io/blog/series-b/ — Pinecone’s own announcement: “$100M Series B… led by Andreessen Horowitz, with participation from ICONIQ Growth, and our existing investors Menlo Ventures and Wing Venture Capital” at $750M valuation. ↩

  39. Pinecone newsroom, “Pinecone Raises $100M in Series B Funding to Provide Long-Term Memory for AI,” April 27, 2023. Accessed July 2026. https://www.pinecone.io/newsroom/pinecone-raises-usd100m-in-series-b-funding-to-provide-long-term-memory-for-ai/ — Contemporaneous company press release confirming Menlo Ventures as previous investor participating in $100M Series B at $750M valuation. ↩

  40. TechCrunch (Ron Miller), “Pinecone drops $100M investment on $750M valuation, as vector database demand grows,” April 27, 2023. Accessed July 2026. https://techcrunch.com/2023/04/27/pinecone-drops-100m-investment-on-750m-valuation-as-vector-database-demand-grows/ — Tier-1 press confirming the round: “Today’s investment was led by Andreessen Horowitz with participation from ICONIQ Growth and previous investors Menlo Ventures and Wing Venture Capital.” ↩

  41. TechCrunch (Erick Schonfeld), “Uber Gets $32M From Menlo Ventures, Jeff Bezos And Goldman Sachs,” December 7, 2011. Accessed July 2026. https://techcrunch.com/2011/12/07/uber-announces-32-million-in-funding/ — Contemporaneous announcement of Uber’s $32M Series B led by Menlo Ventures (Shervin Pishevar), with Jeff Bezos, Goldman Sachs, and existing investor Benchmark Capital participating. ↩

  42. Vator.tv, “Uber pulls in another $32M for app-based car service,” December 7, 2011. Accessed July 2026. https://vator.tv/news/2011-12-07-uber-pulls-in-another-32m-for-app-based-car-service — Independent contemporaneous confirmation of the $32M Series B led by Menlo Ventures with Jeff Bezos, Goldman Sachs, and Benchmark Capital participating. ↩

  43. TechCrunch (Kate Clark), “Getting a piece of Uber,” April 29, 2019. Accessed July 2026. https://techcrunch.com/2019/04/29/getting-a-piece-of-uber/ — Retrospective confirming Menlo Ventures led Uber’s $32M Series B at $322M valuation in 2011 (agreeing to terms after Andreessen Horowitz declined), with total Menlo investment reaching $66.5M across follow-ons. ↩

  44. TechCrunch (Connie Loizos), “Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich,” May 6, 2019. Accessed July 2026. https://techcrunch.com/2019/05/06/carta-was-just-valued-at-1-7-billion-by-andreessen-horowitz-in-a-deal-some-see-as-rich/ — Tier-1 press confirming Carta’s $300M Series E at $1.7B valuation led by Andreessen Horowitz, with “earlier backers Tribe Capital, Menlo Ventures and Meritech” participating alongside Lightspeed, Goldman Sachs, Tiger Global, and Thrive Capital. ↩

  45. Tech Startups, “Carta (formerly eShares) raises $300 million in Series E funding to increase private market liquidity and continue building products for companies,” May 7, 2019. Accessed July 2026. https://techstartups.com/2019/05/07/carta-formerly-eshares-raises-300-million-series-e-funding-increase-private-market-liquidity-continue-building-products-companies/ — Contemporaneous confirmation of $300M Series E at $1.7B post-money led by Andreessen Horowitz with Menlo Ventures among previous investors participating. ↩

  46. VC News Daily, “Carta Raises $300M in Series E,” May 7, 2019. Accessed July 2026. https://vcnewsdaily.com/carta/venture-capital-funding/bsnyxpkgqf — Independent confirmation of $300M Series E at $1.7B valuation, with Menlo Ventures explicitly named among previous investors participating. ↩

  47. Forbes (Donna Fuscaldo), “Chime Raises $200 Million At $1.5 Billion Valuation,” March 5, 2019. Accessed July 2026. https://www.forbes.com/sites/donnafuscaldo/2019/03/05/chime-raises-200-million-at-1-5-billion-valuation/ — Tier-1 press confirming Chime’s $200M Series D at $1.5B valuation led by DST Global, with new investors Coatue, General Atlantic, ICONIQ Capital, Dragoneer, and “existing investors Menlo Ventures, Forerunner Ventures, Cathay Innovation and other unnamed investors” also participating. ↩

  48. Menlo Ventures, “Cheers to Chime: Finally, a Bank Consumers Can Love!,” 2019. Accessed July 2026. https://menlovc.com/perspective/cheers-to-chime-finally-a-bank-consumers-can-love/ — Menlo’s own blog post confirming participation in Chime’s $200M Series D (March 2019) led by DST Global, closing nine months after Menlo led Chime’s Series C. ↩

  49. PYMNTS, “Chime Valued At $1.5B After Capital Raise,” March 5, 2019. Accessed July 2026. https://www.pymnts.com/news/investment-tracker/2019/chime-challenger-bank-venture-capital-funding/ — Independent contemporaneous confirmation: “Other existing investors participating in the fundraising round include Menlo Ventures, Forerunner Ventures and Cathay Innovation.” ↩

  50. “Singularity Emerges from Stealth with $80M Series A at $400M Valuation to Deploy Air Defense at Scale,” Business Wire, July 14, 2026. Accessed July 19, 2026. https://www.businesswire.com/news/home/20260714185502/en/Singularity-Emerges-from-Stealth-with-$80M-Series-A-at-$400M-Valuation-to-Deploy-Air-Defense-at-Scale — Company press release names Menlo Ventures among Series A participants alongside AE Ventures, NEA, Long Journey, Harpoon, Y Combinator, Decisive Point, New Vista, Sunflower, and Soma. ↩

  51. Duncan Riley, “Singularity lands $80M at $400M valuation to build cheap drone interceptors,” SiliconANGLE, July 14, 2026. Accessed July 19, 2026. https://siliconangle.com/2026/07/14/singularity-lands-80m-400m-valuation-build-cheap-drone-interceptors/ — Independent tech press coverage confirming Menlo’s Series A participation and the $400M valuation. ↩

  52. Dan Primack, “Air-defense startup Singularity secures $80 million,” Axios, July 14, 2026. Accessed July 19, 2026. https://www.axios.com/2026/07/14/singularity-air-defense-seriesa-venture-oswald — Third-party primary confirmation via Axios Pro Rata reporting. ↩