Menlo Ventures seeks $450m for new fund

Menlo Ventures, which raised $450m for its last main fund in 2017, is looking to raise the same amount for Fund XV to invest in early-stage companies.

Menlo Ventures is looking to raise $450 million for its 15th early-stage fund, according to a regulatory filing. The fund is the same size as its previous vehicle, which it closed three years ago. Listed on the filing are managing directors Venky Ganesan, Matt Murphy and Shawn Carolan. Not listed is Mark Siegel.