AITechCrunchabout 3 hours ago
Menlo Ventures raises $3B fund after Anthropic bet
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Menlo Ventures raised $3 billion, the largest fund in its 50-year history, driven by its AI portfolio and a $750 million bet on Anthropic in 2024. That stake is now worth about $14 billion. The firm structured $500 million of the Anthropic investment as a special purpose vehicle.
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