Menlo Ventures secures $3B fund on the strength of Anthropic’s AI surge

Menlo Ventures announced on June 23, 2026 that it has raised $3 billion across new funds, the largest capital raise in the firm’s 50-year history. TechCrunch reports the haul is driven heavily by Menlo’s early and concentrated bet on Anthropic, whose stake is now valued at roughly $14 billion according to sources cited from Bloomberg.