Menlo Ventures

Menlo Ventures

Menlo Ventures is a venture capital investment firm based in Menlo Park.

Menlo Ventures is a venture capital investment firm that provides capital for multi-stage consumer, enterprise, and life sciences technology companies. The Menlo Park, California-based firm was founded in 1976 by Henry DuBose Montgomery.

Primary areas of investment include Marketplaces (Uber, Rover.com, Breather, RealtyShares, Getaround); Consumer Services (Machine Zone, Tumblr, Betterment, Poshmark, Roku, Siri); Smart Cloud Infrastructure (Dropcam, 3Par, Avi Networks, Avere Systems, eero); SaaS (Carbonite, Signifyd, Clarifai, Overops, Usermind); Fintech (Betterment, Bluevine, RealtyShares); Cybersecurity (Cavium, IronPort, BitSight, vArmour, Dedrone); and Life Sciences Technology (Synthego, Cofactor Genomics, Recursion Pharmaceuticals, 3T Biosciences).

Menlo’s portfolio includes more than 70 public companies and more than 100 mergers and acquisitions, with $5 billion under management. The firm is currently investing in Menlo Ventures XV, dedicated to Seed and Series A investments in companies spanning consumer, enterprise, frontier tech, and healthcare; Menlo Ventures XIV, a $450 million early-stage fund;Menlo inflection fund; and its $250 million Menlo Special Opportunity Fund, which targets early-growth investments.

Menlo invests in different stages of a company’s development. They typically invest up to $20 million in the main funding round, and continue to support subsequent rounds. For later stage opportunities, they have the capacity to invest more than $30 million, focusing on capital-efficient models with the potential to disrupt huge markets.

Timeline

September 2020
Menlo Ventures closes its latest early-stage fund at $500M.
September 2020
Menlo Ventures raises a $54,000,000 series B round from NGP Capital and Next47.
February 20, 2019
Menlo announces $500m Inflection Fund
May 18, 2017
Menlo Ventures announces the closing of Menlo Ventures XIV, a $450 million fund dedicated to investing primarily in early-stage consumer, enterprise and frontier technologies.
April 27, 2016
Menlo Ventures Closes $250 Million Opportunity Fund, focusing Solely on the Early Growth "Inflection Point" .

Funded Companies

Company
Description
Industry
Website
Location
Chime Bank

A bank offering online banking services with no user no bank fees, and an option to receive direct deposit up to two days early. Chris Britt and Ryan King founded Chime in 2013, and the company is headquartered in San Francisco, California.

CodeSignal is developing a skills-based assessment platform for unbiased hiring within companies.

Carta (formerly eShares) is a San Francisco based cap table management platform that offers 409A valuations, products for investors and public companies.

Unravel, a Palo Alto, California based company, provides full-stack visibility and AI-powered guidance to help users understand and optimize the performance of their data-driven applications.

Qualia is a technology platform for the closing process in the purchase and sale of homes.

A company using RNA to diagnose disease and to develop biomarkers that predict treatment outcomes. Cofactor is founded by Jarret Glasscock.

A company with a car-sharing platform and hardware. It was founded in 2009 and is located in San Francisco, California.

A software company specializing in making solutions for the healthcare industry. It was founded in 2017 and is located in New York City.

Benchling is a company based in San Francisco focusing on life science collaboration, both private and public, through creating cloud based software tools for digital DNA sequence editing, designing and running experiments, analyzing data, and sharing research.

Parse is a company providing cloud-based software developer kits for building applications for desktop, mobile, and embedded devices.

Virool is a company providing a programmatic video marketing platform.

Dredrone is an airspace security platform that detects, classifies, and mitigates drone threats.

A company that has created a software solution for businesses to monitor their security effectiveness. It was founded in 2011 and is located in Boston, Massachusetts.

RealtyShares is a real estate investment platform giving investors direct access to commercial real estate investment opportunities.

158 Results
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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Menlo Ventures Series B round September 2020
54,000,000
September 2020
1 Result
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Menlo Entrepreneurs Fund XIV, L.P.
7,000,000
6,000,000
October 30, 2017
450,000,000
450,000,000
May 18, 2017
6 Results
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People

Name
Role
LinkedIn

Adam Marchick

Employee

Christopher Gottschalk

Employee

Derek Chu

Employee

Jenny Saling

Employee

John Jarve

Employee

Karl Mehta

Employee

Kirsten (Ashton) Mello

Employee

Mark Siegel

Employee

Nick Weaver

Employee

Sara Adler

Employee

Shawn Carolan

Employee

Shervin Pishevar

Employee

Sonja Hoel Perkins

Employee

Sunil Raman

Employee

Venky Ganesan

Employee

Vineet Mehta

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Photomath
February 18, 2021
www.prnewswire.com:443
/PRNewswire/ -- Photomath, the #1 math learning app with over 220 million downloads, announced it had secured $23 million in Series B funding led by Menlo...
Berber Jin
February 12, 2021
Business Insider
Matt Murphy convinced Vivun's founders to open a new fundraising round just weeks after closing an $18 million Series A.
AlleyWatch
January 30, 2021
AlleyWatch
The Pulse of New York Tech
Candy Cheng
January 14, 2021
Business Insider
Poshmark's three early investors talk about how Poshmark's CEO enamored him with his vision that caused them to open their pocketbooks.
Melia Russell
December 27, 2020
Business Insider
Venture capitalists make their predictions for tech in 2021. Spoiler alert: Silicon Valley is back. All-white, male boards are out. And SPACs? TBD.
Naomi Ionita
December 21, 2020
Business Insider
Naomi Ionita says monetization is the most underutilized lever for growth and advises companies on how to grow revenue -- while still building value.
Heather Landi
December 17, 2020
FierceHealthcare
Startup H1 developed a platform that serves as a LinkedIn for the pharmaceutical and biotech industries. That technology has been a critical tool during the COVID-19 pandemic to help identify thought-leading doctors in a given disease area. Find out why the company is poised for future growth.
Sophia Kunthara
December 18, 2020
Crunchbase News
The company, known for being a social platform to buy and sell fashion and accessories, confidentially filed to go public in September.
Jonathan Shieber
December 17, 2020
TechCrunch
The idea sounds almost too simple. Create a version of Linkedin that's specifically for the healthcare industry, where professionals can find out not just who has what credentials, but also learn about the research those professionals are conducting and the specialties they have. In the middle of a global pandemic, when industry insiders are all [...]
H1
December 17, 2020
www.prnewswire.com:443
/PRNewswire/ -- H1, a global platform for the healthcare ecosystem, announced today that it has closed a $58 million Series B round of funding. The round was...
Walter Thompson
December 9, 2020
TechCrunch
Naturally, the economic model is important. Profitability is important. TAM is important. But right now, the markets are hot. Growth trumps all.
Martin Coulter
December 8, 2020
Business Insider
The firm's CEO said standard recruitment practices were 'failing everyone' during COVID-19.
AlleyWatch
November 23, 2020
AlleyWatch
The Pulse of New York Tech
AlleyWatch
October 21, 2020
AlleyWatch
The Pulse of New York Tech
AlleyWatch
October 17, 2020
AlleyWatch
The Pulse of New York Tech
July 23, 2020
WebWire
Matik, a platform that makes it easy to create personalized Google Slides or Powerpoint presentations for customers today announced $3 million in seed funding led by Menlo Ventures, with participation from Box Group and Oceans Ventures. As part of the funding, Naomi Ionita, partner at Menlo Ventures, will join the Matik Board of Directors. , , , , Matik makes teams more efficient by eliminating the time-intensive process of putting together decks and proposals manually for each customer o...
Ben Adams
June 1, 2020
FierceBiotech
Regeneron is doubling down on its collaboration with gene-editing biotech Intellia as they expand into work for hemophilia A and B.
Christine Hall
May 14, 2020
Crunchbase News
Clear Labs will apply its food safety technology to help improve the availability and quality of COVID-19 diagnostic tests.
Lucas Matney
April 20, 2020
TechCrunch
After being forced to quickly shift plans and stage a remote demo day last month following the outbreak of COVID-19 stateside, Y Combinator announced today that they will officially be fully moving their next batch to a remote format. In a post today on Y Combinator's site, YC CEO Michael Seibel announced the move, "We [...]
March 23, 2020
WebWire
Enable, a modern software solution to help distributors, manufacturers and retailers manage rebates, today announced a $13 million Series A funding round led by Menlo Ventures with participation from Sierra Ventures. As part of this funding round, Menlo Ventures' Steve Sloane joins the board. , , , , Enable makes it easy for distributors to track, manage, and optimize rebates. Rebate incentives are a common industry practice, but they create complexity in the back office where setting ter...
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References

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