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Menlo Ventures raises $450M for its latest, oversubscribed fund

Business Journal - Saturday 20th May, 2017

One of Sand Hill Road's oldest venture capital firms said this week it's closed its 14th fund, raising $450 million ' the bulk of which will go toward early-stage companies.

Menlo Ventures says it now has more than $5 billion under management. The firm's partners plan to invest half of Menlo Ventures XIV, roughly $225 million, in startups raising seed-stage and Series A rounds.

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Some 80 percent of investments in the fund will...

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