Menlo Ventures today filed an amended SEC document showing it has added a seventh partner and has raised slightly more than $400 million for its 11th fund.
Fund XI has raised a total of $402,777,778.00, according to the filing with the Securities & Exchange Commission.
The document also lists Shervin Pishevar as a partner. He joined Menlo in June and was not listed in the firm’s previous filing for fund XI last October.
The other members of the partnership are Henry Montgomery, Douglas Carlisle, Shawn Carolan, John Jarve, Mark Siegel and Pravin Vazirani.
Menlo’s 11th fund reportedly came in below target. Bloomberg reported in September 2010 that Menlo was seeking $600 million to $800 million for the fund. –Lawrence Aragon