Startups · 2h ago
Menlo Ventures raises $3B fund after big Anthropic bet
Menlo Ventures raised a $3 billion fund, capitalizing on its early $750 million investment in Anthropic. The firm's focus on AI has paid off as Anthropic's valuation soared. This fund will likely fuel more AI startup bets.
Meridian48 take
The raise signals VC confidence in concentrated AI bets, but past performance doesn't guarantee future hits.
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After betting the firm on Anthropic, Menlo Ventures raises victorious $3B fund →
TechCrunch
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