Menlo Ventures XV, L.P.
Menlo Ventures · adviser of record: Menlo Ventures Management, L.P. · 2020 vintage
Menlo Ventures XV, L.P. is a 2020 venture fund managed by Menlo Ventures, with $5mm raised (Form D, amount sold). It reported $863mm in gross assets at year-end 2025, 172.54x its size, its highest reported value.
- Latest value held
- $863mm year-end 2025
- Peak
- $863mm year-end 2025
- Fund size
- $5mm Form D, amount sold
- Held vs. size
- 172.54x peak 172.54x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $863mm | 172.54x | +59% over 2 yrs |
| 2023 | $544mm | 108.81x | -0% |
| 2022 | $547mm | 109.30x | +6% |
| 2021 | $515mm | 102.92x | +4% |
| 2020 | $497mm | 99.35x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| WSIB | 2026-03-31 | $125mm | 0.00x | 1.80x | 1.80x |
| Michigan SMIB | 2025-12-31 | – | – | – | $39.6mm |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Menlo Ventures
- Menlo Inflection AI Partners, L.P. 2023
- Menlo Inflection AI Investors, L.P. 2023
- Menlo Entrepreneurs Fund XVI, L.P. 2023
- Menlo Cxo Fund XVI, L.P. 2023
- Menlo Inflection III, L.P. 2022
- Menlo Ventures XVI, L.P. 2022
- Menlo Olympus Fund I, L.P. 2022
- Menlo Labs Fund II, L.P. 2022
- Menlo Cxo Fund Inflection III, L.P. 2022
- MM Inflection III, L.P. 2022
- Menlo Bio I, L.P. 2022
- Mmef XV, L.P. 2020
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-6598451370. Data updated October 13, 2026.
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