Menlo Ventures just closed its fifteenth early-stage fund with $500 million

Menlo Ventures, the 44-year-old venture firm with offices in Menlo Park and San Francisco, is taking the wraps of its fifteenth early-stage fund today, a vehicle it closed with $500 million in capital commitments.
Its the same amount that Menlo announced last year for a growth-stage fund, the second in the firms history.
We talked with managing director Venky Ganesan earlier this week about the new fund. It will not, notably, include longtime Menlo managing director Mark Siegel, who joined the firm 24 years ago after a business development stint at Netscape, and who like peers Bill Gurley of Benchmark and Todd Chaffee of IVP is now making room for some of the firms more recent additions.
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