Menlo Park, Calif.-based venture capital firm Menlo Ventures launched a flagship $500M fund.
Menlo XV aims to invest in early-stage founders in transforming existing industries, creating new categories, and building a better future.
The fund is dedicated to Seed and Series A investments in companies spanning consumer, enterprise, frontier tech, and healthcare. The firm will continue to invest in areas of focus that include:
- software-as-a-service (SaaS),
- cloud infrastructure,
- financial technology (fintech),
- bioinformatics, and
- emergent opportunities.
This early-stage fund is complemented by the Menlo Inflection Fund, a $500m fund raised in 2019 to power early-growth companies through the venture gap.
Since closing Menlo XIV in 2017, Menlo has generated more than $3.8 in realized value.
Among others, the firm has supported businesses including Carta, Chime, Harness, Poshmark, Pillpack, Roku, Rover, Uber and Warby Parker.
To know a bit more about the fund, have a look at this infographics from the founders of the Menlo Ventures: