Menlo Ventures has raised a $450 million 14th fund for early-stage investing, representing an increase over its previous fund.
The new fund, Menlo Ventures XIV, was oversubscribed and will target consumer, enterprise and frontier technologies, with 80 percent of the fund going toward core thesis areas and 20 percent toward frontier technologies. It brings capital under management to more than $5 billion,
The firm is currently investing out of Menlo XII, a $400 million early-stage fund, and the $250 million Menlo Opportunity Fund.
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