Menlo Ventures — 2026 Investments

Affinity provides a platform for investment banking teams to accelerate mandate success and client relationship management through integrations with tools like Slack, Mailchimp, and Dropbox.

Enterprise SoftwareFintechSaaS

Ray Zhou(Founder)in

Co-investors8VCAdvance Venture PartnersGreat Oaks Venture CapitalLa FamigliaMassMutual VenturesNext Legacy Partners+5 more

Affinity is an AI-powered internal compliance platform that helps organizations centralize policies, generate training from documents, track completion and risk, and produce audit-ready evidence.

AI & Machine LearningEnterprise SoftwareFintechNew York City, US

Faraz Rana(Founder)inPeter Greczner(Founder)in

Co-investorsClocktower VenturesY Combinator8VCAdvance Venture PartnersGreat Oaks Venture CapitalMassMutual Ventures+1 more

Flora is a mobile app (iOS and Android) that identifies plants from photos, provides care guides and watering reminders, and hosts a community for plant owners.

AI & Machine LearningConsumerSocial

Co-investorsDipalo VenturesLongJump VenturesA16Z SpeedrunFactorial CapitalHanabi CapitalLong Journey Ventures+1 more

Flow is a blockchain network for consumer DeFi applications, offering features like prediction markets, tokenized home equity credit lines, automated on-chain transactions, and cross-chain swaps.

Crypto & Web3Developer ToolsFintech

Co-investorsDapper LabsFenbushi CapitalNarcissus VenturesNIV8VCCoinFund+6 more

Forerunner offers a software platform for local government floodplain management teams to map flood risk, centralize records like Elevation Certificates and permits, run AI-powered document validation, conduct mobile inspections, and track Substantial Improvement/Substantial Damage compliance.

AI & Machine LearningClimate TechGovTechSaaSBrooklyn, US

JT White(Founder)inJames White(Executive Officer, Director)

BoardAdam Michela(Director)in

Co-investorsBright VenturesEverywhere VenturesGutter Capital8VCCombineMVP Ventures+5 more

Gimlet Labs is an AI research and systems company that builds production-grade AI applications and supports startup development.

AI & Machine LearningCloud ComputingDeep TechSan Francisco, US

Zain Asgar(Founder)inMichelle NguyenOmid Azizi(Founder)in

BoardTim Tullyin

Co-investorsAdvaita CapitalTriatomic CapitalEclipse

GROW Inc provides a technology platform and services for superannuation funds, offering product distribution, member online portals, and operational automation.

Enterprise SoftwareFintechSaaS

John(Chief Executive Officer)Adam(Chief Strategy Officer)James(Chief Financial Officer)Sarah(Chief Transformation Officer)Claudia(Chief Technology Officer)Glenna(Chief Superannuation Operations Officer)

Co-investorsAirTree VenturesHitachi VenturesBCISignalFireTCVTRANSFORMATION CAPITAL

Grow offers a no-code business intelligence platform that combines data integrations, data warehousing, and visualization so organizations can connect, explore, and analyze their data.

Data & InfrastructureEnterprise SoftwareSaaS

Co-investorsKickstartToba CapitalBCISignalFireTCVTRANSFORMATION CAPITAL

Grow Therapy provides online mental health therapy services designed to be more accessible, affordable, and user-friendly than traditional therapy.

B2B MarketplacesHealthtechMental HealthSaaS

Jake Cooper(Founder & CEO)inManoj Kanagaraj(Cofounder)Manoj Kanagaraj, MD(Founder)inAlan Ni(Founder)in

PartnerMatt Murphy· led

Co-investorsBCICold Start VenturesEvio VCPLUS CapitalReshapeSequoia Capital+6 more

Defense startup building multi-domain autonomous precision munitions across air, land, and sea for U.S. and allied forces.

Co-investorsFelicis VenturesAnorak VenturesFlume VenturesFriends Family CapitalHedosophiaMVP Ventures

Journey.io helps founders, marketers, and salespeople deliver value; the company is operated by its CEO and co-founders who also acquire and operate SaaS companies.

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

Peter Clark(Founder)inAnil Sevim(Founder)inBrendan Weitz(Founder)inDanny(CEO)John Sutton(Founder)inpeter clark(Founder)in

Co-investorsY CombinatorChemistryFirst Round CapitalGTMfundLightspeed Venture PartnersQuiet Capital+1 more

Legora builds AI-powered collaboration software for lawyers to automate routine tasks and improve efficiency in legal work.

AI & Machine LearningEnterprise SoftwareLegalTechStockholm, SE

Max Junestrand(Founder)inSigge Labor(Founder)inAugust Erséus(Co-founder)

BoardJacob Effron(Redpoint board member)Logan Bartlett(Redpoint board member)

PartnerMatt Murphy· led

Co-investorsAbstract VenturesAccelAlkeon InnovationAtlassian VenturesBain Capital VenturesBessemer Venture Partners+26 more

Lovable is an AI-powered platform that enables users to build web applications and websites through conversational chat interactions with artificial intelligence.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaSDover, US

Fabian Hedin(Executive Officer, Director)inAnton Osika(Executive Officer, Director)inBenjamin Fletcher(Director)Andy Toung(Executive Officer)Matt Murphy(Director)

Co-investors83NorthAccelAIX VenturesAnthropy PartnersBalderton CapitalbyFounders+28 more

Manifest is a financial protocol that tokenizes U.S. residential real estate as an ERC-20 token called USH, enabling global users to stake, earn yield, and access liquidity through decentralized finance.

Crypto & Web3Fintech

Co-investorsCompoundCV VCLattice CapitalFirst Round CapitalKleiner PerkinsQuiet Capital

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+1 more

Nectar Allergy & Asthma is an allergy care platform offering testing, diagnosis, and treatment for food and environmental allergies, asthma, and eczema, including at-home testing kits and custom sublingual immunotherapy drops.

Digital HealthDirect to ConsumerHealthtechNew York City, US

Hersh Patel(Founder)

Co-investorsGold House VenturesHarmony PartnersObvious VenturesGV (Google Ventures)Mercury FundTrue Ventures+1 more

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 TechSaaSSocialPalo Alto, US

Farah U(Founder)

Co-investorsBAM VenturesDash VCGV (Google Ventures)Mercury FundThe Family FundTrue Ventures+2 more

Data intelligence layer providing personalized B2B recommendations.

Data & InfrastructureSan Francisco, US

Falon Fatemi(Executive Officer, Director)in

Co-investors500 GlobalBase Venture Management, Inc.Dreamers VCJetBlue VenturesMS&AD VenturesNewView Capital+8 more

Obsidian Security provides visibility, controls, and threat detection for SaaS applications and AI tools across enterprise environments.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSNewport Beach, US

Matt W.(Founder)inGlenn Chisholm(Co-Founder; former CEO, now Chairman & Chief Product Officer)Ben Johnson(Co-Founder & CTO)Matt Wolff(Co-Founder & Chief Scientist (also referenced as Chief AI Officer))inHasan Imam(Chief Executive Officer)inXinran Wang(Chief Technology Officer (formerly EVP of Engineering))in

Co-investorsArtisanal VenturesCRESCENT COVE CAPITALDnx Venturesfama Ventures, LLCGreylock PartnersGV (Google Ventures)+4 more

OpenRouter operates an AI gateway that allows developers to access and compare hundreds of language models from multiple providers in a single platform.

AI & Machine LearningCloud ComputingDeveloper ToolsNew York, US

Alex Atallah(Executive Officer, Director)inLouis Vichy(Co-founder)in

BoardChristopher Clark(Director)Matthew Murphy(Director)inAnjney Midha(Director)in

PartnerMatt Murphy· led

Co-investorsAndreessen HorowitzCapitalGTranspose Platform ManagementDatabricks VenturesPace CapitalServiceNow Ventures+1 more

Phylo is an applied research lab studying agentic AI to accelerate biomedical discoveries for scientists.

AI & Machine LearningBiotechDeep TechSaaSStanford, US

Kexin Huang(Founder)

Co-investorsAndreessen HorowitzFifty YearsHAWKTAILSilicon GardensSV Angel

Qualified Health AI provides AI infrastructure and governance solutions for health systems to deploy generative AI safely and deliver measurable value across clinical, operational, and financial workflows.

AI & Machine LearningDigital HealthHealthtechSan Carlos, US

Justin Norden(Founder & CEO)inKedar Mate(Co-Founder & Chief Medical Officer)inShantanu PhatakwalainBeau Norgeotin

BoardSooah Cho(Director)inMohamad Makhzoumi(Director)in

Co-investorsHealthier CapitalCathay InnovationFlare Capital PartnersFrist Cressey VenturesGreatPoint VenturesNew Enterprise Associates (NEA)+2 more

This is a data journalism and investigations section of the Australian Financial Review, publishing data-driven news analysis, interactive tools, and investigative reporting on topics such as politics, markets, tax, and crypto.

Media & Entertainment

Co-investorsAfterWork VenturesReinventure GroupAltos VenturesAtomicoDisruptiveNVIDIA

RunSybil provides AI-powered active defense and offensive security capabilities for enterprise security teams, automating hacker-level threat detection and response.

AI & Machine LearningCybersecuritySan Francisco, US

Ari Herbert-Voss(Executive Officer, Director)inVlad Ionescu(Founder)inBrian Byun(Director)Ariel Herbert-Voss(Founder)

Co-investorsConvictionS32

Save repairs devices such as smartphones with broken screens or worn batteries and sells refurbished phones from brands including Apple, Samsung, and Xiaomi.

Circular EconomyConsumerRetail Tech

Co-investorsKima Ventures8VCMVP VenturesNeoNew Enterprise Associates (NEA)Notable Capital+2 more

Singularity manufactures counter-weapon systems and air defense equipment designed to protect military personnel and civilians.

Advanced ManufacturingDefense TechHardwareSpace TechLos Angeles, US

Jack Oswald(Founder)in

Co-investorsFelicis VenturesNew Enterprise Associates (NEA)Y CombinatorDecisive PointHarpoon VenturesKhosla Ventures+1 more

Solace provides patient advocacy services that help individuals navigate healthcare systems and secure treatments and approvals.

Digital HealthHealthtech

Jeremy Gurewitz(Founder & CEO)inSara Sargent(Founder)in

Co-investorsBackwards CapitalBlack Jays VenturesCoalition OperatorsInspired CapitalIVP (Institutional Venture Partners)Launch House+4 more

True Anomaly designs and builds hardware and software systems for space security and defense.

Defense TechHardwareSpace TechCentennial, US

Even Rogers(CEO and Co-Founder)inKyle Zakrzewski(Chief Engineer and Co-Founder)Thomas Nichols(Executive Officer, Director)Daniel Brunski(Director)

BoardJesse Michaels(Director)Austin Bishop(Director)

PartnerMatt Murphy· led

Co-investors645 VenturesAccelACME CapitalBlack FlagChampion Hill VenturesCortado Ventures+14 more

Verifiable provides an AI-powered platform for healthcare credentialing and provider network management that combines autonomous agents with regulatory compliance.

AI & Machine LearningEnterprise SoftwareHealthtechSan Francisco, US

Nick Macario(Founder)inViv Rajkumar(Founder)inElina Cadouri(Executive Officer)

BoardJack Altman(Director)

Co-investors137 VenturesCathexis VenturesStruck CapitalY Combinatora16z cryptoBlack Dragon+11 more

Cambridge, US

Russell Louis Tedrake(Executive Officer, Director)Benjamin Clark Malloy Burchfiel(Executive Officer, Director)Kerri M. Fetzer-Borelli(Executive Officer)David Marvin Slaughter Johnson(Executive Officer)Adrien David Gaidon(Executive Officer)

BoardColin Beirne(Director)in

Co-investorsCalibrate VenturesDeviation CapitalNextView VenturesNVIDIAPrologis VenturesSamsung Ventures+2 more

Wispr AI develops Flow, a voice-to-text AI application that transcribes and edits speech into polished written text for use across multiple apps and devices.

AI & Machine LearningDeveloper ToolsSaaS

Tanay Kothari(Founder)inSahaj Garg(Founder)in

Co-investorsNew Enterprise Associates (NEA)Notable Capital8VC

Zylo provides SaaS and AI spend management software that discovers, tracks, and optimizes enterprise software spending by analyzing financial data and using AI models trained on over $75 billion in transaction data.

AI & Machine LearningEnterprise SoftwareSaaSIndianapolis, US

Eric Christopher(Executive Officer, Director)Cory Wheeler(Founder)inBen Pippenger(Founder)

BoardEric Tobias(Executive Officer, Director)inScott Dorsey(Executive Officer, Director)inKristian Andersen(Executive Officer, Director)in

Co-investorsBessemer Venture PartnersHigh AlphaHyde Park Venture PartnersMassMutual VenturesBaird CapitalBaird Venture Partners+2 more