Menlo Ventures Looks to Raise $400M for Latest Technology Fund
April 14, 2014
Menlo Ventures has reportedly opened a new fund, Menlo Ventures XII, and is hoping to raise $400 million for technology investments in consumer and enterprise-focused companies. The fund's predecessor, Menlo Ventures XI, closed in 2010 at $403 million and has earned an IRR of 17.69% as of September 30, 2013. Recent Menlo investments include Rover.com, The Black Tux and BeyondCore.