Menlo Ventures — funds, providers and filings
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No tracked activity yet for this manager.
| Assets under management | $7.6bn Menlo Ventures, in 2026 |
| Of that, the part reported to the US SEC as private funds | $4.8bn gross · 25 funds Form ADV, through 2024 |
Menlo Ventures is a US venture capital firm, founded in 1976. It backs early-stage technology companies, with a strong focus on artificial intelligence. Past bets include Uber, Roku and Chime. (Menlo Ventures)
Asset classes
The range spans early- and growth-stage venture capital.
The US-reported view
The sections below draw on US regulatory filings — SEC Form ADV and Form D — and on US investors' own disclosures. They set out Menlo Ventures's US-reported slice: the funds, service providers, domiciles and activity visible in US filings, not its worldwide business.
1. US-SEC private funds
This page reports $4.8bn of gross asset value across 25 private funds that Menlo Ventures reports on SEC Form ADV, filings through 2024. Its firm-wide figures are in the Assets summary at the top of this page, measured on a different basis.
A worldwide fund-vehicle roll-up is not available from the entity register for this manager.
| Registered fund vehicles worldwide (as at 2026-10-05) | not available |
| Management entities on file (US filings · worldwide register) | 1 · 0 |
| Principal offices on file | Menlo Park, United States |
2. Service providers
EY audits 20 of the 20 Menlo Ventures funds that name an auditor on Form ADV Schedule D, filings through 2024 — more than any other firm. Relationships the filings attribute to Menlo Ventures's own group are part of its structure, not third-party appointments, and are left out of these counts.
Across the funds that disclose each role on Schedule D — the count is funds naming that provider, of funds disclosing the role at all:
| Auditor | EY (20 of 20) |
| Marketer / placement | Goldman Sachs (1 of 1) |
3. Fund domiciles
25 of Menlo Ventures's 25 SEC-reported private funds are domiciled in Delaware, its largest single domicile on Form ADV, filings through 2024. No other domicile appears in these filings.
4. Fund filing activity
The 1 most recent of the 1 US private-fund filings for this manager's funds. The filings state no amount sold, as is common on Form D.
| Issuer | Type | Amount sold (as filed) | Filing year | Source |
|---|---|---|---|---|
| iCapital-Menlo Ventures Select I RCM Access Fund, L.P. | Private Equity Fund | not stated | 2026 | filing |
5. Fund performance
Every figure here is a disclosing pension plan's own, on that plan's own reporting date. Nothing is blended into a manager-level return, because no plan published one.
Per-fund net IRR, multiple and DPI as disclosed by the pension plans invested in the funds — the LPs' own numbers, on their own dates, not the manager's. One row per plan disclosure. Where two plans hold the same fund and report different numbers, both rows show, with their dates:
| Fund | Plan | Net IRR | Multiple | DPI | Reported as at | Source |
|---|---|---|---|---|---|---|
| Menlo Ventures XV, L.P. | Washington WSIB | 13.2% | 1.6 | 0.0 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures XIV, L.P. | Washington WSIB | 16.1% | 2.3 | 0.33 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures XII, L.P. | Washington WSIB | 9.6% | 1.9 | 0.61 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures XI, L.P. | Washington WSIB | 29.0% | 4.2 | 3.63 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures X, L.P. | Washington WSIB | 10.4% | 2.1 | 2.04 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures IX, L.P. | Washington WSIB | 0.3% | 1.0 | 1.02 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures VIII, L.P. | Washington WSIB | -8.9% | 0.5 | 0.5 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures VII, L.P. | Washington WSIB | 135.6% | 4.7 | 4.71 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures VI, L.P. | Washington WSIB | 40.8% | 3.1 | 3.11 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures IV, L.P. | Washington WSIB | 42.1% | 5.1 | 5.13 | 31 December 2025 | WSIB private equity IRR report |
| Menlo Ventures III, LP | Washington WSIB | 7.2% | 1.6 | 1.57 | 31 December 2025 | WSIB private equity IRR report |
Young vintages sit in the J-curve: an early negative IRR mostly reflects fees drawn before value is realised, and is not a verdict on the fund.
6. Known LP investors, from their own disclosures
Washington WSIB (12) — the count is this manager's funds appearing in that plan's disclosure.
7. Management entities
Menlo Ventures files Form ADV through 1 management entity; the largest is Menlo Ventures Management, L.P., CRD 283999 of Menlo Park, with 25 of the 25 funds on this page. Every figure above rolls those filers up into one business. The table below traces each of them back to the entity that filed it, so a number can be checked against its own record rather than taken on trust.
US management entities on file (1 entities — together the 25 funds above)
| Entity | SEC CRD | City | Funds of the 25 |
|---|---|---|---|
| Menlo Ventures Management, L.P. | CRD 283999 | Menlo Park | 25 |
8. Similar managers
Questions this page answers
What is Menlo Ventures's AUM?
Across the group it managed $7.6 billion in 2026. (Menlo Ventures). It also reports $4.8bn of gross asset value across 25 private funds on its US SEC filings (Form ADV, through 2024).
Who audits Menlo Ventures's funds?
EY is named on 20 of the 20 US private funds whose filing discloses an auditor on Form ADV Schedule D (of Menlo Ventures's 25 filed with the SEC), filings through 2024.
How have Menlo Ventures's funds performed?
Menlo Ventures III, LP returned a net IRR of 7.2% on a 1.6 multiple, as Washington WSIB reported it for 31 December 2025. Menlo Ventures IV, L.P. returned a net IRR of 42.1% on a 5.1 multiple, as Washington WSIB reported it for 31 December 2025.
Who invests in Menlo Ventures's funds?
Washington WSIB (12 funds) name Menlo Ventures funds in their published disclosures. Coverage is limited to the plans this site follows, and a plan's absence says nothing about whether it invests.
How many funds does Menlo Ventures run?
Menlo Ventures reports 25 private funds on SEC Form ADV, filings through 2024, with $4.8bn of gross asset value. That is the count it reports to the SEC, not every vehicle it runs.
Where are Menlo Ventures's funds domiciled?
25 of the 25 funds are domiciled in Delaware, its largest single domicile on Form ADV, filings through 2024.
Where does Menlo Ventures file from?
Menlo Ventures Management, L.P., CRD 283999, its largest Form ADV filer, gives its office as Menlo Park, United States. The other filers' offices are in the entity table on this page.
Is Menlo Ventures registered with the SEC?
Yes. Its filings run through 1 management entities, the largest being Menlo Ventures Management, L.P., CRD 283999, with 25 of the 25 funds here.
See also: all tracked managers · fund search & entity graph.