Menlo Ventures closes oversubscribed $250m opportunity fund

Silicon Valley investment firm Menlo Ventures has closed a $250 million opportunity fund. The fund, which is led by a group of managing directors that includes Venky Ganesan, Matt Murphy, Mark Siegel and Pravin Vazirani, is targeting growth-stage investments in what it calls the “venture-valley” funding gap, a financing challenge encountered by growth-stage ventures looking to scale.