Press Release

Menlo Ventures Launches The Inflection Fund at $500 Million

March 11, 2019

Palo Alto – March 11, 2019 – Cooley advised Menlo Ventures on the closing of its newest fund, The Inflection Fund, at $500 million. Partner John Dado led the Cooley team, which also included Katia MacNeill and Annie Reid, advising Menlo.

An inflection point is a decisive moment that marks the start of significant change, and Menlo wants to drive inflection for startups. The fund will target promising companies at the inflection stage, powering hyper-growth companies through the “venture gap” that lives between early stage venture and the increasingly competitive arena of mega-growth investing.

The Inflection Fund will be led by Menlo partners Matt Murphy, Mark Siegel, Shawn Carolan, Venky Ganesan, Tyler Sosin and Steve Sloane. Through the fund, Menlo will make $20 to $40 million investments in thematic and research-driven areas including SaaS, mobility, marketplaces, fintech, frontier tech, cloud infrastructure and AI – touching large consumer and B2B markets.

Through a combination of its historical “main fund” vehicles and the Inflection Fund program, Menlo provides capital for multistage consumer and enterprise technology companies.

Cooley’s relationship with Menlo Ventures goes back to the mid-1990s when partner Mark Tanoury began working with the client. Since then, Cooley has represented the firm in the formation of nine generations of venture funds dating back to Menlo Ventures VII, including the closing of Menlo Ventures XIV at $450 million in 2017 and the closing of Menlo Special Opportunities Fund at $250 million in 2016.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,000+ lawyers across 14 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.