Mayfield, a Menlo Park, CA-based early stage investor, raised a total of $955m across two venture capital funds.
The $580m Mayfield XVII and the $375m Mayfield Select III follow the $750m raised by prior funds in March 2020, bringing the firm’s total assets under management to $3 billion.
Mayfield XVII will continue the firm’s early stage focus, primarily investing in companies at the inception or early customer adoption stage (Seed and Series A rounds).
Mayfield Select III (aka Mayfield Spring) will invest in follow-on rounds of breakout portfolio companies and new companies (primarily at the Series B round) from outside its portfolio.
The firm invests in companies that leverage innovation in both IT and biology. Some themes include human-centered AI, the data economy, the developer-first era, the renaissance of semiconductors, cybersecurity, deeptech, Web3, and human and planetary health.
The investing team is led by Managing Partner Navin Chaddha and team members include Rajeev Batra, Arvind Gupta, Tejas Maniar, Ursheet Parikh and Patrick Salyer.
Mayfield has invested in more than 550 companies, resulting in 120 IPOs and more than 225 acquisitions. Some recent notable investments include HashiCorp, Lyft, Poshmark/Naver, Mammoth Biosciences, Marketo/Adobe, NUVIA/Qualcomm, Outreach, Rancher/SUSE, SolarCity/Tesla and Volterra/F5.
FinSMEs
08/05/2023