Partner
Steve Sloane
AIFintechSupply Chain + Automation
Steve is a partner at Menlo focused on investments in Menlo’s Inflection Fund, which targets fast-growing Series B/C companies. He specializes in AI-powered vertical SaaS investments and supply chain technology, including Enable, Eleos, Observe.AI, Scout, 6 River Systems, ShipBob, CloudTrucks, and Parade.
Steve joined the firm in 2015 as an associate, became a principal in 2017, and a partner in 2019. Prior to Menlo, Steve worked in growth-stage investing at Insight Venture Partners in New York and founded a YC-backed company in the social space. Steve graduated from Princeton University with bachelor’s degrees in both mechanical and aerospace engineering and a minor in robotics and intelligent systems. Steve has two young boys and, in his free time, enjoys competing in triathlons (as much as one can enjoy them), skiing, following the New York Giants, and road biking.
Supported by: Dominique Guevara, [email protected]
Investment Portfolio
6 River Systems is a fulfillment solutions provider making warehouses more efficient with autonomous mobile robots and AI.
Milestones
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2015 - Founded
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2018 - Partnered, Series B
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2019 - Acquired by Shopify
Partners
Chime helps members avoid bank fees, save money automatically, and lead healthier financial lives.
Milestones
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2012 - Founded
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2018 - Partnered, Series C
Leadership
Chris Britt
Co-Founder & CEO
Ryan King
Co-Founder & CTO
Partners
Cloudtrucks helps trucking owner-operators and small fleets source and instantly book loads, get paid faster, and streamline back office operations.
Milestones
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2019 - Founded
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2021 - Partnered, Series B
Partners
Eleos Health leverages specialized clinical AI models to turn behavioral health conversations into documentation and care intelligence, reducing admin work by over 50% and improving outcomes 3–4x.
Milestones
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2020 - Founded
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2023 - Partnered, Series B
Leadership
Alon Joffe
Co-Founder & CEO
Dror Zaide
Co-Founder & COO
Alon Rabinovich
Co-Founder & CTO
Partners
Enable is a collaborative B2B rebate management platform that makes it easy to manage and scale rebate programs.
Milestones
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2016 - Founded
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2020 - Partnered, Series A
Partners
Observe.AI transforms customer service experiences and improves agent performance by helping businesses analyze 100% of calls and streamline quality assurance workflows.
Milestones
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2017 - Founded
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2020 - Partnered, Series B
Leadership
Swapnil Jain
Co-Founder & CEO
Partners
ShipBob is a tech-enabled 3PL that offers simple, fast, and affordable e-commerce fulfillment for direct-to-consumer brands.
Milestones
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2014 - Founded
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2018 - Partnered, Series C
Leadership
Dhruv Saxena
Co-Founder & CEO
Divey Gulati
Co-Founder & COO
Partners
Scout RFP provides cloud-based strategic sourcing solutions that help companies streamline supplier selection, centralize data, and make more informed purchasing decisions, faster.
Milestones
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2013 - Founded
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2017 - Partnered, Series A
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2019 - Acquired by Workday
Partners
6 River Systems
6 River Systems is a fulfillment solutions provider making warehouses more efficient with autonomous mobile robots and AI.
Acquired by Shopify
Carta
Carta is a software platform for founders, investors, and employees to manage cap tables, equity, and ownership.
Chime
Chime helps members avoid bank fees, save money automatically, and lead healthier financial lives.
Clarifai
Clarifai is an artificial intelligence company that excels in visual recognition, solving real-world problems for businesses and developers alike.
CloudTrucks
Cloudtrucks helps trucking owner-operators and small fleets source and instantly book loads, get paid faster, and streamline back office operations.
Eleos Health
Eleos Health leverages specialized clinical AI models to turn behavioral health conversations into documentation and care intelligence, reducing admin work by over 50% and improving outcomes 3–4x.
Enable
Enable is a collaborative B2B rebate management platform that makes it easy to manage and scale rebate programs.
Heap
Heap is a digital insights platform that combines quantitative and qualitative analytics for a 360º degree view of your customer journey.
Acquired by Contentsquare
MealPal
MealPal offers a subscription service that makes lunch pickup from restaurants convenient and affordable.
Observe.AI
Observe.AI transforms customer service experiences and improves agent performance by helping businesses analyze 100% of calls and streamline quality assurance workflows.
Parade
Parade allows freight brokerages and 3PLs to move more freight, book loads faster, and grow their businesses.
Rover
Rover connects dog and cat parents with loving pet sitters and dog walkers in neighborhoods across the US, Canada, UK, and Europe.
NASDAQ: ROVR;
later acquired by Blackstone
later acquired by Blackstone
Scout RFP
Scout RFP provides cloud-based strategic sourcing solutions that help companies streamline supplier selection, centralize data, and make more informed purchasing decisions, faster.
Acquired by Workday
ShipBob
ShipBob is a tech-enabled 3PL that offers simple, fast, and affordable e-commerce fulfillment for direct-to-consumer brands.
Sidecar Health
Sidecar Health is a health insurtech solution that helps people get the health care they need with price transparency and direct payments for care.
Truework
Truework is a one-stop platform that helps banks, lenders, and others verify income, employment, and other identity data.
q&a
Investment Approach
Ultimately, I try to meet the moment when it comes to my interactions with founders. As a VC, I’m successful when I back great founders and management teams and let them execute. I’m there for founders when they need me, and we can talk multiple times a day during moments of high leverage such as key strategic decisions, M&A, fundraising decisions, hiring, etc. But when that’s not happening, I try to get out of the way and let the founder run their business. 🙂
VC is not right for every company, and each time founders decide to raise money, they are diluting themselves and committing to a larger and larger outcome. There are so many founders who have built tremendous businesses with more limited amounts of capital. VC is immensely powerful for certain types of businesses, but it’s not always the right answer, and founders should think deeply about each round they raise.
Building a great company is not a straight line, and it never goes exactly the way you plan for it. There are lots of ups and downs along the way, and many highs and lows. That’s true 100x more for a founder who places all of their chips on one company. It’s not about a single quarter, but rather the journey and conviction that hard work, vision, and adaptability will get you there in the end.
