Greylock Ventures announced its 18th fund at $1.5 billion, a 50 percent increase over the $1 billion vehicle closed in 2023. The amount matches the capital the firm raised across its seed and flagship funds during the pandemic, yet it is deliberately smaller than what partners say they could have secured.
Partner Saam Motamedi told TechCrunch the firm could have raised a multiple of the $1.5 billion figure, but opted for a leaner approach to keep the number of portfolio companies manageable. With ten partners each making only one or two new investments a year, the fund is expected to back roughly 25 companies, focusing on early‑stage seed and Series A rounds where Greylock has built its reputation.
While about 15 percent of the capital may flow to later‑stage bets, Greylock remains an early‑stage investor at heart, citing past successes such as Palo Alto Networks, Abnormal, and recent growth‑stage picks like Anthropic, Revolut and Wiz. Motamedi said Monday pipeline meetings center on founders’ names rather than company names, underscoring the firm’s bet on people before a venture even exists.
