About Menlo Ventures
Menlo Ventures is a venture capital firm founded in 1976. It is primarily based out of Menlo Park, United States. As of May 2026, Menlo Ventures is an active investor, having invested in 475 companies, with 34 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series C round of Modal Overall, Menlo Ventures portfolio has seen 35 unicorns, 19 IPOs and 188 acquisitions including key companies like Uber, Roku and Netlify. A lot of funds co-invest with Menlo Ventures, with names like SV Angel sharing a substantial percentage of its portfolio. Menlo Ventures has team of 75 people including 24 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio Unicorns
Menlo Ventures' List of Top Investments
Menlo Ventures has a portfolio of 475 companies, including 35 unicorns. Their most notable investments are in Brellium and Whisper Aero.Their portfolio spans across United States, Israel, India and 14 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 31 other sectors, across stages such as Series A, Series B and 8 more. Here is the list of top investments by Menlo Ventures:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $52B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 155,194 as on Apr 30, 2026
- Investors: TrueBridge, Star Tech NG and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Roku
Provider of video streaming devices. It produces streaming players, streaming‑capable smart TVs, and smart‑home products, and operates the Roku OS platform as well as its streaming service. It provides a collection of movies, TV shows, live channels, and is available on Roku devices and other devices like PCs and smart TVs.
Key facts about Roku
- Founded Year: 2008
- Location: San Jose (United States)
- Annual Revenue: $4.74B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $214M
- Employee Count: 4,355 as on Apr 30, 2026
- Investors: All Access Venture Partners, Fidelity Investments and 16 Others
- Latest Funding Round: Series G, Jan 28, 2016, $*****
- Highlight: Public
3. Netlify
Provider of a platform for web application development and deployment. It offers tools for building, deploying, and scaling web applications. The platform includes features such as serverless functions, data storage, and image optimization. It supports various frameworks and integrates with development tools.
Key facts about Netlify
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $212M
- Employee Count: 182 as on Apr 30, 2026
- Investors: Bond Capital, Bessemer Venture Partners and 21 Others
- Latest Funding Round: Series D, Nov 17, 2021, $*****
- Highlight: Editors' Pick
4. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 2,077 as on Apr 30, 2026
- Investors: Meritech, Silver Lake and 134 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
5. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,609 as on Apr 30, 2026
- Investors: TCV, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
Menlo Ventures' Year-on-Year Investment Trends
Menlo Ventures has invested in 477 companies over the last 33 years, with an average of 20 new investments annually in the last 10 years. In 2025, it made 55 investments, while as of May 2026, it has made 18 investments in this year. Its most recent first time investment was in Modal and most recent follow-on round was in Arc Boats.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 5 | 18 |
2025 | 35 | 20 | 55 |
2024 | 18 | 10 | 28 |
2023 | 18 | 11 | 29 |
2022 | 22 | 25 | 47 |
2021 | 28 | 29 | 57 |
2020 | 18 | 14 | 32 |
2019 | 8 | 18 | 26 |
2018 | 22 | 15 | 37 |
2017 | 13 | 20 | 33 |
Menlo Ventures' Investments by Stage
Menlo Ventures has made 137 investments in Series A stage with an average round size of $19.4M, 124 investments in Series B stage with an average round size of $31.7M and 87 investments in Seed stage with an average round size of $8.48M.Stage of entry | No. of Investments |
|---|---|
Series A | 137 |
Series B | 124 |
Seed | 87 |
Series C | 48 |
Series D | 11 |
Others | 10 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Sector
Menlo Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Consumer and FinTech. Notably, it has invested in 415 Tech companies, 352 Enterprise (B2B) companies, 282 Software companies and at least 166 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 231 |
Enterprise Infrastructure | 100 |
High Tech | 91 |
Consumer | 78 |
FinTech | 51 |
Others | 403 |
Note: We have considered here, only first round of investments
Menlo Ventures' Investments by Geography
Menlo Ventures has made most investments in United States (394), followed by Israel where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 394 |
Israel | 7 |
India | 5 |
Canada | 3 |
Sweden | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Menlo Ventures' recent investments
Menlo Ventures has made 18 investments in 2026 so far. Modal and Nourish are the latest among them.Here are the most recent investments by Menlo Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 21, 2026 | United States | Series C | 1370 | [+3] | |
May 19, 2026 | United States | Series C | 3295 | [+7] | |
May 14, 2026 | United States | Series A | 9483 | [+2] | |
Apr 29, 2026 | United States | Seed | 7668 | ||
Apr 10, 2026 | United States | Seed | 2876 | [+4] |
Unicorns in Menlo Ventures' Portfolio
Menlo Ventures has 35 unicorns in its portfolio - True Anomaly, Slash, Solace Health and others. The most recent unicorn in their portfolio is True Anomaly. It became a unicorn in 2026, 2 years after Menlo Ventures first invested in it.Here is a list of unicorns in Menlo Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of materials and products for space solutions | 2022 | Centennial | Series D | hrzzvrk | ||
57 | Provider of financial services for high-spending businesses | 2019 | San Francisco | Series C | ptihwwu | ||
63 | Provider of patient centered healthcare platform | 2022 | Redwood City | Series C | dmpcvr{ | ||
71 | Interpretability tooling for generative AI models | 2024 | San Francisco | Series B | {akf{{i | ||
65 | Developer of artificial intelligence models for de novo molecular design | 2023 | San Francisco | Series B | ryospan |
IPOs and Publicly Listed companies in Menlo Ventures' Portfolio
19 of Menlo Ventures' portfolio companies have become public. Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2025 at marketcap of $8.97B and Omentel got listed on the Tokyo Stock Exchange (TSE).Here are Menlo Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2025 | May 31, 2018 | Series C | 7537 | |
Dec 23, 2024 | - | - | 1671 | |
Sep 29, 2021 | May 31, 2011 | Seed | 8840 | |
Sep 24, 2021 | Aug 30, 2006 | Series A | 5167 | |
Sep 17, 2021 | Feb 23, 2018 | Series A | 5761 |
Acquired companies in Menlo Ventures' Portfolio
188 companies from Menlo Ventures' portfolio have been acquired. The most recent acquisition was Gilead in Apr 2026 by AE Wealth Management for $*****.Here are Menlo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 19, 2026 | - | - | 8360 | |
Mar 12, 2026 | Feb 09, 2022 | Series A | 6508 | |
Mar 10, 2026 | Aug 25, 2020 | Series A | 8305 | |
Jan 28, 2026 | Oct 11, 2023 | Series A | 7535 | |
Jan 07, 2026 | Apr 15, 2021 | Series B | 8744 |
Team profile of Menlo Ventures
Menlo Ventures has a team of 75 members including 24 Partners, 5 Venture Partners and 9 Principals located in United States. Menlo Ventures' team sits on the board of 14 companies.Here is a list of top team members in Menlo Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | Betterment, Chime and 1 more | ||
Partner | Menlo Park | BitSight, Unravel Data and 3 more | ||
Partner | Jackson | Fox Robotics, RightHand Robotics and 1 more | ||
Partner | San Francisco | - | ||
Partner | San Francisco | |||
Partner | Menlo Park | - | ||
Partner | United States | - | ||
Partner | Menlo Park | - | ||
Partner | Palo Alto | - | - | |
Partner | Portola Valley | - |
Co-investors of Menlo Ventures
Over the past 33 years, 2323 investors have co-invested in Menlo Ventures's portfolio companies. This includes funds and angels.
- Invested before Menlo Ventures: Y Combinator, Andreessen Horowitz and 661 others have invested in rounds before Menlo Ventures. There are 19 companies where Y Combinator has invested before Menlo Ventures and 13 companies where Andreessen Horowitz has invested before Menlo Ventures.
- Top Co-investors of Menlo Ventures: 819 investors entered a company along with Menlo Ventures. These include investors like SV Angel (15 companies).
- Invested after Menlo Ventures: A total of 841 investors have invested in Menlo Ventures's portfolio after their investments. Top Investors include SoftBank Vision Fund (9 companies), Sequoia Capital (7 companies) and IVP (7 companies).
Recent News related to Menlo Ventures
•
Modal Raises $355M as AI Infrastructure Demand SurgesVentureburn•May 22, 2026•Modal, Bain Capital Ventures, General Catalyst, Redpoint Ventures and 2 others
•
Menlo Ventures leads $100M round in Nourish to give every GLP-1 patient a dietitian as weight loss drugs take offTech Funding News•May 20, 2026•Daybreak Ventures, Atomico, Operator Partners, J P Morgan and 5 others
•
Nourish Raises $100M to Expand Nation’s Largest Dietitian-Led Virtual ClinicHIT Consultant•May 19, 2026•Menlo Ventures, Daybreak Ventures, Atomico, Operator Partners and 6 others
•
Nectar Social Raises $30M Series A for AI Agent-Led Social Marketing OSContentGrip•May 15, 2026•Menlo Ventures
•
AI Voice Startup Wispr Nears $2 Billion Valuation in Major Funding RoundTechPortal•May 12, 2026•Menlo Ventures
•
Heaviside Industries Emerges from Stealth with $28M Series AYahoo•May 11, 2026•Interlagos, Flume Ventures, Anorak Ventures, Cantos Ventures and 1 other
•
General Analysis Raises $10M in Seed Funding to Secure Agentic AI Against Real-World AttacksTechStartups.com•Apr 29, 2026•General Analysis, Y Combinator, Altos Ventures Management, 645 Ventures and 2 others
•
Manifest OS Raises $60 Million Series A Funding at $750 Million ValuationYahoo•Apr 29, 2026•Kleiner Perkins, Menlo Ventures, Manifest, Quiet Capital and 1 other
•
True Anomaly Closes $650M Series D Funding RoundPayload•Apr 28, 2026•Eclipse, True Anomaly, Riot, Accel and 13 others
•
Arc Raises $50 Million in Funding: Electric Boat Startup Focuses on DefenseBorsaeFinanza.it•Apr 13, 2026•Arc Boats, Andreessen Horowitz, Eclipse, Lowercarbon and 3 others
