Menlo Ventures raises $450m

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Menlo Ventures has raised $450 million to date for its Menlo Ventures XIV, per a SEC filing. The Menlo Park-headquartered firm has set a $450 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Investors that committed to Menlo Ventures XIV include the Washington State Investment Board.

The fund will target venture capital opportunities in technology, media, and telecommunications sectors in North America.