SOURCE: Menlo Ventures

Menlo Ventures

April 15, 2015 07:30 ET

Menlo Ventures Raises $400 Million Twelfth Fund to Continue Investments in Consumer and Enterprise Technologies

Seven Exits in Last 18 Months Include Dropcam, Edgecast, Check; 38 Exits in Last Five Years Create Combined Market Value of $11 Billion

MENLO PARK, CA--(Marketwired - Apr 15, 2015) - Menlo Ventures today announced the closing of Menlo Ventures XII, a $400 million fund dedicated to investing in multi-stage consumer and enterprise technology companies. The recent closing brings the firm's total capital under management to $4.4 billion since the firm's inception in 1976.

Menlo's recent success includes seven liquidity events in the past eighteen months, including Dropcam (acquired by Nest for $555 million), Check (acquired by Intuit for $360 million), Edgecast (acquired by Verizon for $395 million), Flurry (acquired by Yahoo!), Cellfire (acquired by Catalina Marketing), Voltage Security (acquired by Hewlett-Packard), and eXelate (acquired by Nielsen). Other Menlo XI investments, including Uber, Stance, Roku, Betterment, Warby Parker and Tintri, have raised rounds at substantial valuations in the last year. 

"We've implemented an investment strategy that's working, and we'll continue that approach in this next fund," said Managing Director Mark Siegel. "With a focus on deep, analytical research in key focus areas like next-gen cloud infrastructure and mobile marketplaces, and a decades-long long track record of working closely with our entrepreneurs, we get extremely good insight into where the next big market disruption will occur."

Menlo's new fund will be split 50/50 between consumer and enterprise technology investments. Enterprise focus areas include cyber security, cloud infrastructure, big data and software-as-a-service. Consumer investment focus areas are marketplaces, vertical e-commerce and subscription services, and mobile applications. Menlo will also allocate $15 million out of the new fund for the Menlo Talent Fund, dedicated solely to promising seed-stage ideas. 

Menlo's investment team consists of six managing directors: Mark Siegel, Pravin Vazirani, Venky Ganesan, Shawn Carolan, Doug Carlisle, and John Jarve. Venture Partners Jim Dawson and Avery More round out the deal team, along with Tyler Sosin, Sandeep Bhadra, Derek Chu and Steve Sloane.

"Menlo's core team has deep experience in both venture investing and startup operating roles," Siegel said. "We've expanded our Venture Partner program to include both deal sourcing and advisory services for portfolio companies, and we'll continue to grow our team during this exciting time for investors and entrepreneurs. We're thrilled to have the continued support of our limited partners as we move forward into the next investment cycle." 

Menlo's history of successful investing includes the funding of more than 400 companies with an aggregate market value exceeding $200 billion. In the last five years alone, Menlo's 38 exits have a combined market value of $11 billion.

About Menlo Ventures

Menlo Ventures provides capital for multi-stage consumer and enterprise technology companies. Since 1976, the firm's market-driven analysis has led to the identification of opportunities and successful investments in innovative technology markets. Notable areas of investment have included mobile/mobile marketplaces (Siri, Uber, Machine Zone, Roku, Rover.com, Getaround, Munchery), social & ecommerce (Tumblr, Lumosity, Poshmark), cloud (Carbonite, EdgeCast, Dropcam, Vidyo), storage & big data (3Par, Coraid, Tintri, Avere Systems), digital advertising (Flurry, YuMe, DataXu, Dstillery, eXelate), and security (Cavium, IronPort, nCircle, BitSight, vArmour). Menlo's portfolio includes more than 70 public companies and more than 100 mergers and acquisitions. Menlo's guiding philosophy is to work side-by-side with entrepreneurs and founders as allies, serving actively on boards as company builders with decades of industry expertise, as well as opening access to a broad network of advisors, partners and technical talent. Menlo Ventures has $4.4 billion under management and is currently investing Menlo Ventures XII, a $400 million fund with $15 million allocated to the Menlo Talent Fund for fast seed funding. For more information, visit www.menlovc.com.

Contact Information

  • For more information contact:
    Jennifer Jones
    650-465-5831
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