Early Anthropic Backer Menlo Lands $3 Billion in Its Largest-Ever Haul (opens in new tab)

Covered by 5 sources including TechCrunch, Tech Funding News

In 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI that had yet to generate meaningful revenue or gain mainstream adoption like ChatGPT.

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Covered in 5 articles

TechCrunch·

After betting the firm on Anthropic, Menlo Ventures raises victorious $3B fund

Tech Funding News·

The VC that turned a $750M Anthropic deal into a $14B stake just raised $3B to do it again

TNW | Artificial-Intelligence·

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

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