Menlo Ventures raises a record $3 billion fund for AI bets
FinanceYF5 · x · 2026-07-28
- Menlo Ventures has reportedly raised a record $3 billion fund.
- Matt Murphy now oversees a portfolio that includes Anthropic, Lovable, Legora, and OpenRouter.
- The post points to a long 20VC interview in which Harry Stebbings asks pointed questions about AI investing, open-source pressure, model-routing value, and fund economics.
- It frames Menlo as one of the most active investors shaping the current AI market.
Related event: Menlo Ventures Raises $3B Fund to Double Down on AI(3 posts)→
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