Menlo Ventures
Multi-stage Menlo Park firm investing in consumer, enterprise, fintech, and healthcare — and manager of the $100M Anthology Fund with Anthropic for AI-native startups.
Typical check size
$1M-$10M (stage-based estimate)
Founded
1976
Headquarters
Menlo Park, CA
AUM
N/A
Rounds they lead
Series A
Series B+
Rounds they invest
Seed
Series A
Series B+
Portfolio companies we track
Startups in our directory that list Menlo Ventures as an investor (22 total).
- Arc Electric boats for consumer recreation and expanding into commercial and defense marine.
- Carta Equity management and cap table platform for private companies and funds.
- Clerk Drop-in authentication, user management, and session handling for web and mobile apps.
- Earli Synthetic biopsy biotech — forces tumors to produce detectable biomarkers for early cancer localization.
- Envoy Workplace visitor management and desk-booking platform for hybrid offices.
- Eve AI operating system for plaintiff law firms from intake through settlement.
- Everlaw Cloud-native e-discovery and litigation investigation platform for legal teams.
- Function Health Membership-based preventive health platform offering comprehensive lab testing and medical intelligence.
- Genesis Molecular AI AI-first drug discovery company using generative models for small-molecule design.
- Genesis Therapeutics AI molecular discovery company for small-molecule drug design (now Genesis Molecular AI).
- Heaviside Industries Defense manufacturing and energetics for munitions and hard-tech supply chains.
- Matik Automates personalized, data-driven sales and customer-success presentations from CRM and warehouse data.
- Modal Labs NYC serverless cloud for AI workloads — GPUs, sandboxes, batch jobs, and inference without managing clusters.
- Netlify Web development platform for Jamstack and modern frontend deployment.
- OpenRouter Enterprise AI inference marketplace — route, govern, and optimize across model providers.
- Phylo Agentic AI lab building an integrated biology environment (IBE) for biomedical research.
- Pinecone Managed vector database for AI retrieval, semantic search, and RAG applications.
- Recursion Techbio company using automated labs and ML for drug discovery at scale.
- Signifyd Commerce protection platform guaranteeing retailers against fraud and chargebacks.
- Slingshot AI Foundation models and consumer app (Ash) for AI mental-health support.
- Westmag American-made BLDC motors and actuators for drones and robotics — built in South San Francisco.
- Zylo Enterprise SaaS management platform — find, manage, and reduce software spend and sprawl.
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FAQs about Menlo Ventures
Stage fit, check size, thesis, and how founders typically approach this firm — based on public sources and our directory.
Menlo leads Series A and Series B+ in our directory and participates at seed. It also runs the Anthology Fund, a dedicated vehicle for pre-seed, seed, and Series A AI-native companies in partnership with Anthropic.
Menlo's main fund does not publish fixed checks. The Anthology Fund states investments starting at $100,000, with most Anthology initial checks in the sub-$1.5M range and ability to follow into larger rounds as companies prove traction.
Menlo Ventures is based in Menlo Park, California, and invests nationally and internationally across consumer, enterprise, and healthcare — recent activity includes NYC AI infrastructure (e.g., Modal Labs Series C participation in our coverage).
Menlo covers enterprise SaaS, AI/ML (especially via Anthology), consumer, fintech, and healthcare. The Anthology Fund targets AI applications, infrastructure, developer tools, and vertical AI aligned with Anthropic's ecosystem.
Menlo leads Series A and growth rounds in its core practice. Anthology can lead or participate at pre-seed/seed and aims to lead the next round when an initial smaller check graduates — Menlo reported 30+ Anthology companies within its first year.
Linked startups include Pinecone (/startup/pinecone), Netlify (/startup/netlify), OpenRouter (/startup/openrouter), Recursion (/startup/recursion), Signifyd (/startup/signifyd), Clerk (/startup/clerk), and Function Health (/startup/function-health).
For AI-native companies, apply via menlovc.com/menlo-anthology-fund. For the main fund, warm introductions through portfolio founders or co-investors are standard. Menlo uses an online application flow for Anthology with a lightweight diligence process.
Menlo appears as a participant in our Modal Labs Series C piece (/2026-modal-labs-355m-series-c-ai-infrastructure-nyc) and Cantos/Heaviside Industries defense manufacturing coverage (/2026-cantos-heaviside-industries-28m-series-a).