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

_Thursday, June 25, 2026 at 7:24 PM EDT · Startups · 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/)

---
Canonical: https://techandbusiness.org/newswire/X0O85GNlLhBSz1ObThrP06
Retrieved: 2026-06-26T02:44:58.379Z
Publisher: Tech & Business (techandbusiness.org)