Menlo Ventures raises record $3B fund fueled by $750M Anthropic bet now worth $14B
By
Julie Bort
Summary
Menlo Ventures raised $3 billion in its largest-ever fund, driven primarily by its high-stakes $750 million investment in Anthropic in 2024. The firm's stake in the AI model maker is now worth approximately $14 billion. The investment, which led Anthropic's Series D at an $18.4 billion valuation, was a bet-the-firm move that has paid off handsomely and cemented Menlo's reputation as a major AI investor.
Source
bskyMenlo Ventures raises record $3B fund fueled by $750M Anthropic bet now worth $14Btechcrunch.comKey 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, preemptively leading the model maker's Series D.
Menlo Ventures announced $3 billion in funds on Tuesday, the largest raise in its 50-year history, driven in large part by its AI portfolio, especially Anthropic.
Its stake in the model maker is now worth about $14 billion, sources told Bloomberg.
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