Menlo Ventures raises a $3 billion fund after AI gains tied to Anthropic investment

First recorded June 23, 2026 · Latest coverage June 23, 2026 · 1 source

TechCrunch reports that Menlo Ventures has raised a new $3 billion fund. The article ties the raise to Menlo's recent reputation as an AI-focused investor, highlighting the firm's earlier large bet on Anthropic as a driver of its fundraising momentum.

Why it matters: A multibillion-dollar venture fund is a meaningful capital-allocation signal for the AI startup market, especially when raised by a firm whose recent performance is linked to a major position in Anthropic. The fund could increase available backing for AI companies across infrastructure, applications, and related enterprise software.

Sources

• After betting the firm on Anthropic, Menlo Ventures raises victorious $3B fund TechCrunch · June 23, 2026