About This Fund
The Menlo Anthology Fund is a $100 million venture capital vehicle launched in July 2024 through a strategic partnership between Menlo Ventures and Anthropic, the leading AI safety company. Structured as a dedicated AI innovation fund, the Anthology Fund operates at the intersection of advanced artificial intelligence research and early-stage company formation, targeting pre-seed through Series A investments in startups that leverage Anthropic's Claude models to build transformative AI-native applications.
The fund concentrates on five thematic verticals within the AI ecosystem: AI infrastructure and developer experience tooling; frontier AI applications spanning life sciences, legal technology, financial services, supply chain optimization and cybersecurity; consumer-facing AI solutions; trust and safety tooling; and AI-powered platforms delivering measurable societal benefits. Portfolio companies receive equity investments of $100,000 and above alongside $25,000–$30,000 in Anthropic model credits per company, creating a differentiated support structure that combines Menlo Ventures' decades of company-building experience with direct access to Anthropic's frontier large language models. The fund targets primarily US-based startups while remaining open to exceptional founders internationally.
The Anthology Fund selected its inaugural cohort of 18 portfolio companies in December 2024, chosen from thousands of applicants across its five investment verticals within five months of its public launch. The investment committee comprises six Menlo Ventures general partners — Tim Tully, Matt Murphy, Joff Redfern, Amy Wu, Deedy Das and Venky Ganesan — alongside Anthropic's executive leadership including President Daniela Amodei and Chief Product Officer Mike Krieger, combining deep venture expertise with frontier AI research capabilities.