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Investor profile

Menlo Ventures

Venture capital firm · Founded 1976 · Active in 2026

Menlo Ventures is a venture capital firm based in USA, founded in 1976. The page below shows 57 Power Law outcomes from Menlo Ventures's portfolio — 51 unicorns ($1B+ valuation) and 5 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in AI · Other B2B Software · Fintech; top portfolio geographies are USA · Sweden. Menlo ranks #75 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

57 Power Law outcomes Power Law Ranking #75 · Global · 57 Power Law outcomes · Active 2026
Unicorns ↑ 82% 5y
51
Decacorns ↑ 50% 5y
6
Thoroughbreds ↑ 70% 5y
43
01 · Exits

Menlo’s biggest exits.

Menlo portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$82.0B IPO · 2019
Entered Series B+Now $153B
IPO · 1999
Entered Series ANow $21.0B
$1.3B IPO · 2017
Entered Series B+Now $16.7B
$2.2B IPO · 2016
Entered Series B+Now $12.4B
$9.0B IPO · 2025
Entered Series B+Now $5.9B
$6.0B IPO · 2021
Entered Series ANow $3.0B
$5.4B IPO · 2021
Entered Series B+Now $840M
$155M IPO · 2018
Entered Series B+Now $4.1B
$2.7B IPO · 2021
Entered Series B+Now $1.0B
$1.4B IPO · 2021
Entered Series B+Now $1.6B
IPO · 2011
Entered Series B+Now $1.4B
$1.2B IPO · 2022
Entered Series ANow $91M
$1.1B acquisition · 2025
Entered Series B+
$1.0B acquisition · 2025
Entered Series B+
$1.0B acquisition · 2018
Entered Series B+
02 · Estimated holdings

Menlo’s selected top holdings.

An estimate of Menlo’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 15 companies where Menlo is a named shareholder, worth about $57.0B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 AnthropicEnterprise Software · Centicorn 6% $900B $54.0B
  2. 2 HarnessEnterprise Software · Unicorn 10.5% $5.5B $578M
  3. 3 BenchlingEnterprise Software · Unicorn 9% $6.1B $549M
  4. 4 CartaFintech · Unicorn 4.5% $7.4B $333M
  5. 5 Abnormal SecuritySecurity · Unicorn 6.3% $5.1B $321M
  6. 6 HomeLightReal Estate · Unicorn 13.5% $1.7B $230M
  7. 7 9% $2.5B $224M
  8. 8 2.5% $6.6B $165M
  9. 9 8% $1.3B $104M
  10. 10 4% $2.5B $98M
  11. 11 7.5% $1.3B $98M
  12. 12 8.5% $1.1B $95M

Showing the 12 largest of 15 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Menlo’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

03 · Portfolio analysis

The 57 Menlo Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA54
  2. Sweden3
By sectorCount
  1. AI13
  2. Other B2B Software7
  3. Fintech6
  4. Other5
  5. Biotech & Life Sciences5
  6. Marketing5
  7. Cybersecurity5
  8. eCommerce & Marketplaces4
  9. Health Tech & Medtech3
  10. Transportation2
  11. Robotics1
  12. Edtech1
By stage enteredCount
  1. Series B+38
  2. Series A11
  3. Seed7
04 · Portfolio market map

Menlo's 57 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
57 of 57 Power Law outcomes
05 · Power Law comparison

How does Menlo stack up?

Menlo in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Menlo's portfolio founders come from — and where they studied.

146 founders across the 57 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Wharton School of the University of Pennsylvania and Alphabet | Google are the deepest single pipelines.

LocationCount
United States67
India27
Canada6
China6
United Kingdom4
Lithuania3
Denmark3
Sweden3
Russia2
Ecuador2
+5 more →
UniversityCount
Wharton School of the University of Pennsylvania10
Stanford University10
Harvard University7
Berkeley6
Indian Institute of Technology, Delhi4
Massachusetts Institute of Technology4
University of Michigan4
University of Cambridge3
University of Washington3
UCLA3
+47 more →
Origin companyCount
Alphabet | Google14
OpenAI7
Microsoft7
Meta6
Yahoo!6
X.4
Stripe3
PayPal3
Akamai3
Rubrik3
+59 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at Menlo.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about Menlo Ventures

An AI-synthesized read of the highest-engagement posts about Menlo on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Menlo Ventures

Recent press, funding announcements, and portfolio moves mentioning Menlo — pulled live from Dealroom's news feed.

See all news

Want the full picture on Menlo Ventures?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.