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Menlo Ventures raises $400M fund to back the next Uber or Tumblr
2015-04-15 15:57:29| Biotech - Topix.net
Menlo Ventures, a totem of the powerful Sand Hill Road investing community that has backed almost every major Silicon Valley success story since the birth of the silicon chip, has raised a $400 million fund to back a new generation of tech startups, the firm announced Wednesday. The new fund will allow Menlo Ventures -- which has funded companies such as Uber, Tumblr and Gilead Sciences -- to continue its role as a heavyweight in what has become an ultracompetitive investing environment where funding rounds have reached never-before-seen levels.
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Category:Biotechnology and Pharmaceuticals