Menlo Ventures raises $3bn on the back of one Anthropic bet

Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The firm announced the raise on Tuesday, its largest …

View Post on Scour ↗

More from TNW | Artificial-Intelligence on Scour.

Covers 2 stories including Menlo Turns 50 and Announces $3B in Fresh Capital to Go ALL IN on AI