Greylock vs Menlo Ventures

Introducing Greylock 18

Greylock announces its 18th fund, Greylock 18.

Menlo Ventures Welcomes Alex Kurland as Newest Partner; Stripe to Acquire OpenRouter

Menlo Ventures announces the addition of Alex Kurland as its newest partner, and portfolio company OpenRouter has entered into an agreement to be acquired by Stripe.

Lovable Raises $400M at $13.3B Valuation, Doubling from Previous Round

Swedish vibe-coding startup Lovable has raised $400 million in a Series C round at a $13.3 billion valuation, more than double its December 2025 valuation of $6.6 billion. The round was co-led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT, with participation from Balderton Capital, Tencent, Kaszek Ventures, and others. Returning investors include Accel, DST Global, and Salesforce Ventures. Lovable, launched in 2024, enables non-coders to build software through AI-assisted 'vibe-coding.' The company reports that apps built on its platform see over 900 million visits per month. Customers include Nvidia, Adidas, and Zendesk. Lovable plans to expand its business customer base, grow headcount by 50% to 450 employees across Sweden and the US, and develop more proactive capabilities beyond prompt-based interactions, while continuing to use multiple AI models and post-train open-source models.

• Lovable raised $400 million in Series C funding.
• The round values Lovable at $13.3 billion, double its December 2025 valuation of $6.6 billion.
• The round was co-led by Menlo Ventures and the Scaleup Europe Fund, managed by EQT.

Wispr raises $280M Series B at $2B valuation

Wispr, an AI dictation startup, raised $280 million in a Series B round led by Menlo Ventures at a $2 billion valuation. The funding brings Wispr’s total capital raised to $361 million and will support expansion into new product areas such as a meeting note-taker. Wispr also announced a new speech-understanding model called Canto, which the company says will cut dictation error rates from about 30% to under 10%. Existing backers including Notable Capital, NEA, Neo Ventures, 8VC and MVP Ventures participated, and new investors include Acrew, Forerunner, Goodwater, Peak XV, Together Fund and PLUS Capital. The company has expanded regionally and released an Android app, and it faces competition from other dictation and meeting-notetaker apps.

• Wispr raised $280 million in Series B funding led by Menlo Ventures at a $2 billion valuation.
• With the latest round, Wispr has raised $361 million in total to date.
• Existing investors Notable Capital, NEA, Neo Ventures, 8VC and MVP Ventures participated; new investors include Acrew, Forerunner, Goodwater, Peak XV, Together Fund and PLUS Capital.