Menlo Ventures invested $10M in Anthropic before raising $500M+ SPV
Matt Murphy · Will Open-Source Threaten Anthropic's Business & Do Margins Matter in a World of AI | Matt Murphy · Jul 27, 2026 · at 5:16
Matt Murphy, Partner at Menlo Ventures, outlines the firm's initial check size and subsequent investment vehicle for AI foundation model Anthropic.
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“The first check was a little over 10 and then, you know, the, so that was kind of the starter check because the average, like I said, you try to kind of, you know, venture fund kind of have this kind of narrow window of what you invest, but then the next round is when we did the 500 plus SPV.”
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