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Menlo Ventures company logo
Venture Capital
FINANCE | Investment Firms & Funds
menlovc.com

Investments

1040

Portfolio Exits

230

Funds

28

Partners & Customers

1

Service Providers

1

About Menlo Ventures

Menlo Ventures invests in all areas of information technology, including: communication products, semiconductors, storage solutions, mobile applications and consumer related Internet sites. Menlo Ventures seeks high growth, high profit margins and operating leverage. It was founded in 1976 and is based in Menlo Park, California.

Headquarters Location

2884 Sand Hill Road Suite 100

Menlo Park, California, 94025,

United States

650-854-8540

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Expert Collections containing Menlo Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Menlo Ventures in 9 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

H

HR Tech

65 items

S

Store tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

S

Synthetic Biology

382 items

W

Wellness Tech

31 items

Consumers are increasingly seeking products and experiences that promote well-being and healthy habits, with modern-day “wellness” referring to holistic healthy living characterized by physical, mental, social, and spiritual well-being.This collection includes categories across h

C

CB Insights Fintech Smart Money Investors - 2020

25 items

Research containing Menlo Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Menlo Ventures in 2 CB Insights research briefs, most recently on Dec 15, 2020.

Latest Menlo Ventures News

Eleos Health: Behavioral Health AI Leader Company Raises $40 Million

Nov 21, 2023

Eleos Health – a leader in AI for behavioral health – recently announced a $40 million Series B funding round led by Menlo Ventures, with participation from F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNEXT and ION. Along with funding from existing investors aMoon and lool ventures, this funding round brings Eleos Health’s total funding to $68 million. Along with fueling the company’s product development plans — which include new and enhanced AI solutions for group therapy sessions, compliance automation, case management, concurrent documentation, and value-based care support — this investment will accelerate Eleos Health’s hiring efforts, expand its reach to serve more behavioral health providers and segments and bolster strategic partnership development to bring more EHRs and industry associations into the Eleos ecosystem. And the company plans to hire more than 50 people by the end of next year. Since launching in 2020, Eleos Health, a CareOps Automation platform that utilizes specialized AI models to turn behavioral health conversations into automated documentation and clinical insights, has charted an impressive growth path. In the lead-up to the Series B announcement, Eleos: — Achieved 3x year-over-year revenue growth and is on track to do the same this year. — More than doubled its customer base, quadrupling the number of providers using an Eleos solution and expanding to serve 23 states. — Analyzed more than 3 million minutes of therapy sessions year-to-date this year, saving over 300 days of documentation time across all providers and organizations. — Expanded the product offering to support field-based providers in case management and community outreach, compliance management and group therapy. — Published two major peer-reviewed research studies – including a randomized controlled trial that linked usage of the Eleos platform to improved outcomes for patients diagnosed with anxiety and depression. — Grew overall headcount to 95, an increase of 56% year-over-year. And today, women comprise 51% of all team members and 40% of the leadership team at Eleos. KEY QUOTES: “Experts have documented an urgent and critical need for behavioral health services in the US. But unfortunately, many people still struggle to access the care they need. Clinician shortages, unsustainable caseloads and administrative burdens make it difficult for providers to meet demand. Eleos Health will close this gap with a platform that combines unparalleled clinical expertise and an advanced AI platform built on a foundation of LLMs specific to behavioral health. Their goal is noble: Drive better patient outcomes. And the data shows they are already doing just that!” — Steve Sloane, partner at Menlo Ventures “At Eleos, we believe client-centered care can’t happen without a human provider at the center of the therapeutic relationship, which is why we focus on augmenting — not replacing — their ability to engage with and help clients effectively and efficiently. We started Eleos after personally witnessing the immense administrative barriers facing clinicians — through our own experiences and those of our loved ones. The providers will always be the heroes of the care story — we’re just here to help them write it better and faster.” — Eleos CEO and Co-founder Alon Joffe “When we started working with Eleos, they made it clear from the very beginning that our team is important, our experience is important, and improved outcomes for clients and providers is important,” Casford said. “They understand that strong relationships are key to transformation, and now that they have the resources to build more of those relationships, they can propel more behavioral health organizations to the cutting edge in client care. This will be crucial as changing attitudes around behavioral health encourage more people to confidently seek the care they need. Innovative tools like Eleos can help providers not only meet this growing demand, but also continue setting a high bar for care quality.” — Dixie Casford, LPC, MBA, MLS, is the Co-CEO of Mental Health Partners, which rolled out Eleos earlier this year “Healthcare has changed so much over the last few decades — more regulations, more compliance requirements and more system complexity — but the quality of the provider-client relationship is still at the core of effective care, especially in a field like behavioral health. And to deliver the most effective care, those providers need the space to focus on the human in front of them — which is why solutions like Eleos are so critical. By alleviating the administrative burden weighing down on providers day after day, these technologies lay the foundation for better care environments, better care experiences and ultimately, better care outcomes.” — Former VA Secretary and current Eleos board member Dr. David Shulkin Sponsors

Menlo Ventures Investments

1,040 Investments

Menlo Ventures has made 1,040 investments. Their latest investment was in Ember Technologies as part of their Series E - II on November 11, 2023.

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Menlo Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/16/2023

Series E - II

Ember Technologies

$19.61M

Yes

1

11/9/2023

Series B

Eleos Health

$40M

Yes

4

11/9/2023

Series A

Arch

$20M

Yes

2

11/7/2023

Series D

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$99M

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10

10/25/2023

Seed VC

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$99M

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10

Date

11/16/2023

11/9/2023

11/9/2023

11/7/2023

10/25/2023

Round

Series E - II

Series B

Series A

Series D

Seed VC

Company

Ember Technologies

Eleos Health

Arch

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Amount

$19.61M

$40M

$20M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

2

10

10

Menlo Ventures Portfolio Exits

230 Portfolio Exits

Menlo Ventures has 230 portfolio exits. Their latest portfolio exit was Nod.AI on October 10, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/10/2023

Acquired

$99M

19

9/28/2023

Acquired

$99M

3

4/18/2023

Acq - Fin

$99M

2

2/23/2023

Acquired

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$99M

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10

1/18/2023

Acquired

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$99M

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10

Date

10/10/2023

9/28/2023

4/18/2023

2/23/2023

1/18/2023

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

19

3

2

10

10

Menlo Ventures Acquisitions

7 Acquisitions

Menlo Ventures acquired 7 companies. Their latest acquisition was Ivac Medical Systems on June 15, 1995.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/15/1995

$99M

Leveraged Buyout

1

7/2/1992

Series A

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$99M

$99M

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10

9/10/1991

Growth Equity

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$99M

$99M

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10

3/6/1986

Series B

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$99M

$99M

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10

12/1/1983

Growth Equity

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$99M

$99M

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10

Date

6/15/1995

7/2/1992

9/10/1991

3/6/1986

12/1/1983

Investment Stage

Series A

Growth Equity

Series B

Growth Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

$99M

$99M

Note

Leveraged Buyout

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Sources

1

10

10

10

10

Menlo Ventures Fund History

28 Fund Histories

Menlo Ventures has 28 funds, including Menlo XVI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/17/2023

Menlo XVI

2

11/17/2023

Menlo Inflection III

2

7/21/2022

Menlo Special Opportunities Fund III

$761.4M

1

12/1/2020

MMEF XV

$99M

10

11/30/2020

Menlo XV Innovators Fund

$99M

10

Closing Date

11/17/2023

11/17/2023

7/21/2022

12/1/2020

11/30/2020

Fund

Menlo XVI

Menlo Inflection III

Menlo Special Opportunities Fund III

MMEF XV

Menlo XV Innovators Fund

Fund Type

Status

Amount

$761.4M

$99M

$99M

Sources

2

2

1

10

10

Menlo Ventures Partners & Customers

1 Partners and customers

Menlo Ventures has 1 strategic partners and customers. Menlo Ventures recently partnered with AltaReturn on July 7, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

7/24/2019

Vendor

United States

AltaReturn Selected by Menlo Ventures - Allvue Systems

AltaReturn , a leading provider of cloud-based , end-to-end software solutions for the Private Equity , Venture , and Real Estate industries , is delighted to announce that Menlo Ventures has selected AltaReturn 's Fund Accounting , Investor Portal , and Portfolio Company Monitoring solutions to power their finance and investor relations needs .

1

Date

7/24/2019

Type

Vendor

Business Partner

Country

United States

News Snippet

AltaReturn Selected by Menlo Ventures - Allvue Systems

AltaReturn , a leading provider of cloud-based , end-to-end software solutions for the Private Equity , Venture , and Real Estate industries , is delighted to announce that Menlo Ventures has selected AltaReturn 's Fund Accounting , Investor Portal , and Portfolio Company Monitoring solutions to power their finance and investor relations needs .

Sources

1

Menlo Ventures Service Providers

1 Service Provider

Menlo Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Menlo Ventures Team

15 Team Members

Menlo Ventures has 15 team members, including , .

Name

Work History

Title

Status

Henry DuBose Montgomery

Founder

Current

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Name

Henry DuBose Montgomery

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Work History

Title

Founder

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Status

Current

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