Menlo Ventures raises record $3B fund after $750M Anthropic bet yields $14B stake
Summary
Menlo Ventures raised $3 billion in its largest-ever fund, driven largely by its high-stakes $750 million investment in Anthropic in 2024. The VC firm's stake in the AI model maker is now worth approximately $14 billion. The investment was described as a bet-the-firm move that has paid off handsomely, with Anthropic's valuation quadrupling to $18.4 billion at the time of the Series D round.
Source
bskyMenlo Ventures raises record $3B fund after $750M Anthropic bet yields $14B stakecaninesinsurance.orgKey quotes
· 3 pulledTo hear the folks at Menlo talk about it, they were white-knuckling it when they made a bet-the-firm $750 million investment in Anthropic in 2024
Its stake in the model maker is now worth about $14 billion, sources told Bloomberg
Menlo Ventures announced $3 billion in funds on Tuesday, the largest raise in its 50-year history
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