Menlo Ventures secures its 12th funding round of $400 million, making its total capital worth $4.4 billion since its inception in 1976. The firm plans to carry forth the same strategy that served them in menlo Ventures XI.
As reported by Venture Beat, Menlo Ventures’ Managing Director, Mark Siegel said that they will continue investing in both consumer and enterprise tech companies. Enterprise focus areas include cybersecurity, cloud infrastructure, big data, and software-as-a-service, he said. Consumer investment focus areas are marketplaces, vertical e-commerce and subscription services, and mobile applications.
Six managing directors, Mark Siegel, Pravin Vazirani, Venky Ganesan, Shawn Carolan, Doug Carlisle, and John Jarve will direct new investments from the fund.
Menlo Ventures is a venture capital firm providing capital for seed through growth technology companies in the consumer and enterprise sectors. Menlo Ventures’ portfolio includes 70 public companies and more than 100 mergers and acquisitions.