Menlo raised $3B for funds dedicated to backing AI startups, its largest haul to date; sources say Menlo's Anthropic stake is currently worth nearly $14B (Natasha Mascarenhas/Bloomberg)
Menlo Ventures raised $3B for AI-focused funds, strengthening one of Anthropic's largest backers as AI investing remains concentrated.
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<a href="https://www.bloomberg.com/news/articles/2026-06-23/anthropic-backer-menlo-ventures-lands-3-billion-in-its-largest-ever-haul"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260623/i19.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260623/p19#a260623p19" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Natasha Mascarenhas / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-06-23/anthropic-backer-menlo-ventures-lands-3-billion-in-its-largest-ever-haul">Menlo raised $3B for funds dedicated to backing AI startups, its largest haul to date; sources say Menlo's Anthropic stake is currently worth nearly $14B</a></b></span> — In 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI … </p>
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