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Menlo Ventures Said to Be Seeking up to $800 Million for Fund

Menlo Ventures, the biggest investor in 3Par Inc., is raising capital for a new fund, said two people familiar with the matter. The firm is attempting to bring in $600 million to $800 million, one of the people said.

The venture firm, which has raised more than $4 billion in its 34-year history, mostly invests in late-stage technology startups. The people declined to be named because the fundraising isn’t public.