# Anthropic Backer Menlo Ventures Raises $3B In New Funds To Back AI Startups Across Stages

_Sunday, June 21, 2026 at 8:00 PM EDT · Capital · Latest · Tier 2 — Notable_

![Anthropic Backer Menlo Ventures Raises $3B In New Funds To Back AI Startups Across Stages — Primary](https://news.crunchbase.com/wp-content/uploads/money-kites.jpg)

Menlo Ventures said Tuesday that it raised $3 billion in new capital, the largest new raise in the firm's 50-year history. The Menlo Park, California-based firm will back AI-focused startups across enterprise, healthcare and consumer sectors.

The firm highlighted its early investment in Anthropic, which last month overtook OpenAI as the top-valued frontier lab with a $965 billion valuation. Menlo Ventures described its investment in the company's Series C round as its flag-planting moment in a blog post published Tuesday. The firm said it made its first investment in Anthropic in 2023 when the company was pre-product and pre-revenue, and later led its Series D round.

The firm announced two new funds: Menlo Ventures XVII for seed and Series A startups and Menlo Inflection IV for growth-stage companies already pulling away from the pack. Anthropic has filed plans for a 2026 IPO with an expected target of $1 trillion or more, which would be the largest exit for one of the firm's portfolio companies by far.

## Sources

- [Crunchbase](https://news.crunchbase.com/venture/menlo-ventures-raise-ai-startup-funding-across-stages-anthropic/)
- [TechCrunch](https://techcrunch.com/2026/05/16/marketing-operating-system-nectar-social-raises-30m-series-a-in-round-led-by-menlo/)
- [EU-Startups](https://www.eu-startups.com/2026/05/uk-ai-startup-scope-raises-e17-3-million-funding-led-by-index-ventures-to-speed-up-industrial-inspection-workflows/)
- [Build Fast With AI](https://www.buildfastwithai.com/blogs/ai-news-today-may-25-2026)
- [Anthropic](https://www.anthropic.com/news/series-h)
- [Tech Startups](https://techstartups.com/2026/03/24/notraffic-raises-90m-to-turn-traffic-lights-into-ai-powered-digital-infrastructure-across-north-america/)
- [TechNode](https://technode.global/2026/03/03/singapores-dyna-ai-raises-eight-figure-multimillion-dollar-series-a-funding-led-by-lion-x-ventures/)
- [Pulse 2.0](https://pulse2.com/blockbrain-e17-5-million-series-a-raised-to-scale-responsible-enterprise-ai-across-europe/)
- [TechCrunch](https://techcrunch.com/2026/03/11/breakout-ventures-raises-114m-fund-to-back-ai-science-startups/)

---
Canonical: https://techandbusiness.org/newswire/X0O85GNlLhBSz1ObThrP06
Retrieved: 2026-08-10T04:05:03.100Z
Publisher: Tech & Business (techandbusiness.org)