- Menlo Inflection’s previous fund closed at $675 million in November 2023 and Menlo Ventures raised $675 million for its sixteenth fund
- The LPs for the previous funds included New Mexico State Investment Council, the JPB Foundation, Washington State Investment Board, Py Foundation and the University of Alabama System
- Cooley was the legal counsel for Menlo Inflection III and Menlo Ventures XVI
Menlo Ventures, a Silicon Valley-based early-stage venture capital firm, is seeking to raise $1.5 billion across two new funds.
Menlo Inflection IV is seeking to raise $800 million for its fourth fund, according to an SEC filing while Menlo Ventures is targeting $700 million for its flagship seventeenth fund.
Menlo Inflection’s previous fund closed at $675 million in November 2023, according to VCJ’s sister site Buyouts’ fund performance data. Menlo Inflection III’s LPs included New Mexico State Investment Council, the JPB Foundation and Washington State Investment Board. The fund launched in 2022.
Menlo Ventures XVI closed at $675 million in November 2023, according to Buyouts’ fund performance data. The original target was $500 million. Menlo Ventures XVI’s investors included MetLife, New Mexico State Investment Council, Py Foundation, State of Michigan Retirement Systems and the University of Alabama System. The fund launched in December 2022.
Cooley provided legal counsel for both funds.
Menlo Ventures was founded in 1976.
