After betting the firm on Anthropic, Menlo Ventures raises victorious $3B fund (opens original article in a new tab)

Menlo Ventures raised $3 billion, its largest fund, fueled by AI investments particularly in Anthropic, which saw significant returns through strategic investments and a collaborative fund.

• Menlo Ventures raised $3 billion, its largest fund, driven by AI investments including Anthropic
• Menlo invested $750 million in Anthropic in 2024 through a special purpose vehicle and later launched a $100 million fund with the company
• Anthropic warned against unauthorized SPVs and secondary markets selling its stock as scams