Menlo Ventures to Announce It Has Raised $400 Million for Latest Fund
BySAN FRANCISCO — For Menlo Ventures, its latest investment fund means a significant sum of fresh capital to invest in start-ups. It also represents a changing of the guard at one of Silicon Valley’s oldest venture capital firms.
Menlo plans to announce on Wednesday that it has closed Menlo Ventures XII at $400 million, capping off nearly a year’s worth of fund-raising. It also gives the venture capital firm more resources to invest after a year-and-a-half in which several prominent investments, like Dropcam and Flurry, were sold.
The new fund comes amid signs of both optimism — start-ups are continuing to raise money, sometimes at jaw-dropping valuations — and alarm, as some venture capitalists warn of overheated enthusiasm that portends danger…
Menlo Ventures to Announce It Has Raised $400 Million for Latest Fund
