Alex Kurland, formerly a partner at Meritech Capital, joined Menlo Ventures as a Partner on the Inflection (growth-stage) team. He brings a track record including investments in Clay, Datadog, DoorDash, Kalshi, Looker, OpenEvidence, Slack, Snowflake, and UiPath.
Stripe entered into a definitive agreement to acquire OpenRouter, the unified API for LLMs. Menlo first invested in OpenRouter at seed in March 2025 via the Anthology Fund, led Series A in May 2025, and participated in Series B.
Menlo Ventures co-led Lovable's $400M Series C at a $13.3B valuation with Scaleup Europe Fund. This follows Menlo co-leading their $330M Series B in December 2025.
Matt Murphy, Managing Director at Menlo Ventures, spoke with Crunchbase about the firm's AI investment thesis and plans for deploying $3B in new capital.
Menlo Ventures led Pangram's Seed round as part of the Anthology Fund. Pangram is an AI detector that can identify AI-generated text with high accuracy, as audited by the University of Chicago.
Menlo led Cheiron's $8M seed round. Cheiron is building an AI-native operating system for drug development using a Life Sciences Knowledge Graph. Backed by Robert Langer, Freda Lewis-Hall, and other industry veterans.
Menlo participated in Fireworks' $1.5B Series D. Fireworks is an AI inference cloud platform with $1B in annualized revenue, 43 trillion daily tokens, and led by former PyTorch creator Lin Qiao.
Menlo led Assort Health's $120M Series C. Assort Health uses voice AI agents to automate patient communication including scheduling, insurance verification, and triage for healthcare providers.
Menlo Ventures announced $3 billion in new capital, the largest raise in firm history, across two funds: Menlo Ventures XVII (Seed to Series A) and Menlo Inflection IV (Series B+ growth). The firm also celebrated its 50th anniversary.