The Canadian AI Index

Investors / Menlo Ventures

Menlo Ventures

Menlo Ventures is a venture capital firm based in the United States. Menlo Ventures has backed 2 Canadian AI companies in the Index, joining 2 tracked rounds and leading 1. The most recent was NationGraph's US$18M Series A in 2025. Menlo Ventures most often invests alongside Framework Ventures, Kindred Ventures and Perplexity F7 Fund.

VC based in US. 2 Canadian AI companies in the Index, 2 tracked rounds, 1 as lead.

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Type
VC
HQ country
US
Companies
2
Tracked rounds
2
Led
1
First tracked deal
Mecka AI, Nov 2025
Latest tracked deal
NationGraph, Q4 2025

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
NationGraphSeries A · Q4 2025 · US$18M round (lead)US$18MLead
Mecka AISeries A · Nov 2025 · US$25M roundUS$120M—

A round's size is the whole round as announced, not this investor's cheque.

Frequent co-investors

Framework Ventures (1 shared round), Kindred Ventures (1 shared round), Perplexity F7 Fund (1 shared round), Reach Capital (1 shared round), SV Angel (1 shared round), Ted Xiao (1 shared round), XYZ Venture Capital (1 shared round)

Data as of November 10, 2026.

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