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AI | Early Anthropic Backer Menlo Ventures Raises $3 Billion in Largest Fundraise

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2026-06-23 13:04:31
Menlo Ventures, an early backer of Anthropic PBC, has raised $3 billion in its largest-ever haul, according to Bloomberg.

In 2024, Menlo made what it described as a risky decision to raise $500 million to invest in Anthropic, then an underdog rival to OpenAI that had yet to generate meaningful revenue or mainstream adoption like ChatGPT.
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