Menlo
Menlo Park
What they invest in
from 5 of 5 portfolio companiesAI & Machine Learning Γ4SaaS Γ3Advanced Manufacturing Γ1AgTech Γ1Cleantech Γ1Climate Tech Γ1Consumer Γ1Data & Infrastructure Γ1
HQs:United StatesΓ2CanadaΓ1
Investments Β· 5 tracked
founders shown can be your intro path
Nectar builds a utility intelligence platform that aggregates energy consumption data from utility bills and online portals to help companies optimize their energy usage and costs.
Advanced ManufacturingCleantechClimate TechData & InfrastructureEnergyEnterprise SoftwareSaaSSan Francisco, US
Allen Wang(Founder)inKatherine He(Founder)in
Co-investorsFormus CapitalTwine VenturesY CombinatorMenlo VenturesTrue Ventures
Nectar offers investment opportunities in mezzanine debt and preferred equity issued by real estate operators managing low-leverage, cash-flowing properties.
AI & Machine LearningFintechPropTechAtlanta, US
Derrick Barker(Founder)in
Co-investorsJ4 VenturesMoai CapitalRareBreed VenturesTechstarsGV (Google Ventures)Menlo Ventures+1 more
Nectar builds software and data tools for migratory and commercial beekeepers, including a traceability system that generates operation-specific best management practices from hive data.
AgTechAI & Machine LearningIoTSaaSMontreal, CA
Marc-AndrΓ© Roberge(Co-Founder & CEO)
Co-investorsFounderFuelTall Grass VenturesGV (Google Ventures)Menlo VenturesTrue Ventures
Nectar provides AI-powered workflows for social commerce, helping businesses respond faster, sell smarter, and scale their social presence by converting community into a growth engine.
AI & Machine LearningMarketing TechSaaSSocial
Co-investorsBAM VenturesDash VCGV (Google Ventures)Menlo VenturesMercury FundThe Family Fund+2 more
Photomath is a mobile app that helps students learn math by breaking problems down into step-by-step explanations, serving learners, parents, and teachers.
AI & Machine LearningConsumerEdTech
Damir Sabol(Founder)
Co-investorsCherubic VenturesGSV VenturesGoodwater CapitalLearn CapitalMenlo Ventures
Portfolio news
latest coverage across their companiesNectar Social Β· demandgenreport.com Β· Jun 2, 2026
Nectar Β· demandgenreport.com Β· Jun 2, 2026
Nectar Β· demandgenreport.com Β· Jun 2, 2026
Nectar Β· demandgenreport.com Β· Jun 2, 2026
Fund performance Β· per public LP disclosures Β· 20
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Menlo Olympic Fund I, L.P.LPs: Washington State Investment Board | 2023 | β | 7.9% | 1.10x | β |
| Menlo Inflection III, L.P.LPs: Washington State Investment Board | 2022 | β | 22.4% | 1.30x | 0.05x |
| Menlo Special Opportunities Fund III, LPLPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2022 | β | -8.0% | 0.90x | β |
| Menlo Ventures XV, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2020 | β | 2.9% | 1.10x | β |
| Menlo Inflection II, L.P.LPs: Washington State Investment Board | 2019 | β | 12.0% | 1.70x | 0.12x |
| Menlo Special Opportunities Fund II, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2019 | β | 32.9% | 1.60x | 0.06x |
| Menlo Ventures XIV, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2017 | β | 16.9% | 2.30x | 0.33x |
| Menlo Inflection I, L.P.LPs: Washington State Investment Board | 2016 | β | 12.8% | 2.40x | 0.21x |
| Menlo Special Opportunities, L.P.LPs: Washington State Investment Board | 2016 | β | 27.0% | 2.90x | 0.04x |
| Menlo Ventures XII, L.P.LPs: Washington State Investment Board | 2015 | β | 9.5% | 1.80x | 0.61x |
| Menlo Ventures XI, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2011 | β | 29.1% | 4.30x | 3.63x |
| Menlo Ventures X, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2006 | β | 10.5% | 2.10x | 2.04x |
| Menlo Ventures IX, L.P.LPs: Washington State Investment Board, Los Angeles City Employees' Retirement System, Michigan Municipal Employees' Retirement System | 2001 | β | 0.3% | 1.02x | 1.02x |
| Menlo Ventures VIII, L.P.LPs: Washington State Investment Board, Los Angeles City Employees' Retirement System, Michigan Municipal Employees' Retirement System | 1999 | β | -8.9% | 0.50x | 0.50x |
| Menlo Ventures VII, L.P.LPs: Washington State Investment Board, Los Angeles City Employees' Retirement System | 1997 | β | 135.6% | 4.70x | 4.71x |
| Menlo Ventures VI, L.P.LPs: Washington State Investment Board | 1993 | β | 40.8% | 3.10x | 3.11x |
| Menlo Evergreen V, L.P.LPs: Washington State Investment Board | 1988 | β | 32.1% | 3.60x | 3.61x |
| Menlo Ventures IV, L.P.LPs: Washington State Investment Board | 1988 | β | 42.1% | 5.10x | 5.13x |
| Menlo Ventures III, LPLPs: Washington State Investment Board | 1983 | β | 7.2% | 1.60x | 1.57x |
| Menlo Venture Partners, LPLPs: Washington State Investment Board | 1981 | β | 6.1% | 1.30x | 1.31x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Menlo located?
- Menlo is headquartered in Menlo Park, US.