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Mayfield (company)

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Mayfield
Company typePrivate
IndustryVenture capital
Founded1969; 55 years ago (1969)
FoundersThomas J. Davis, Jr., Wally Davis[1]
HeadquartersMenlo Park, California, U.S.
Key people
Navin Chaddha, Managing partner[2]
ProductsVenture capital
Total assets$1.8 billion assets under management (AUM)[3]
Number of employees
15+
Websitewww.mayfield.com
Footnotes / references
[4]

Mayfield, also known as Mayfield Fund, is a US-based venture capital firm that focuses on early-stage to growth-stage investments in enterprise and consumer technology companies. Founded in 1969 and based in Menlo Park, California, it is one of Silicon Valley's oldest venture capital firms.[5]

History

The firm was founded in 1969 by venture capitalist Thomas J. Davis, Jr. and Wally Davis (no relation).[1] Thomas Davis Jr. had earlier founded venture capital firm Davis & Rock with fellow investor Arthur Rock, with funding from several founders of Fairchild Semiconductor.[1][6] William F. Miller, a former vice president and provost at Stanford University, was an early investor.[7]

In 2009 and 2010, Mayfield fully funded marketing automation software company Marketo's series C and D rounds, and benefited when the company went public in 2013.[5]

In June 2011, Mayfield invested in field SaaS software startup ServiceMax.[8] In September, Mayfield invested in Zimride's Series A funding round, a predecessor to ride hailing service Lyft.[9][10] Also in 2011, Navin Chaddha took over as managing partner of Mayfield.[2]

In April 2012, Mayfield invested $12M in ad-tech startup Moat, which was acquired by infotech company Oracle in 2017.[11][12] In late 2012, Mayfield benefited from its investment in SolarCity when the solar energy company went public.[13]

In 2013, the firm relocated to its current office on Silicon Valley's Sand Hill Road, in Menlo Park.[14]

In April 2016, the firm closed two new funds totaling up to $525 million: Mayfield XV, a fund focused on early-stage companies, and Mayfield Select, designed for later-stage investing.[5]

In June 2019, Mayfield was among several companies that participated in a $200M funding round for data center management company Fungible.[15]

Business

Since being founded in 1969, the firm has raised over 3.9 billion USD of investor commitments across 17 private equity fund families.[citation needed] Business investment tracking website Crunchbase reports 492 funding rounds the company has participated in as of August 8, 2019, with 115 exits.[16]

The firm is headquartered on Sand Hill Road in Menlo Park, California.

Notable investments

The firm's most notable investments include:

Philanthropy

Mayfield is a sponsor of the Mayfield Fellows Program at Stanford University.[36][37] The program offers university students in-depth training and experience in high-tech entrepreneurship.

References

  1. ^ a b c "The Silicon Valley Edge". books.google.com. 2017-09-27. Retrieved 2019-09-09.
  2. ^ a b "Mayfield Passes Leadership Baton To Navin Chaddha". wsj.com. 2011-07-22. Retrieved 2019-09-26.
  3. ^ "Mayfield Fund". cbinsights.com. Retrieved 2019-09-09.
  4. ^ "Mayfield Fund - Company Overview - Hoover's". Hoover's. Retrieved 2008-07-28.
  5. ^ a b c d e f g h "Mayfield raises $525 million for two new funds". vator.tv. 2016-04-29. Retrieved 2019-08-09.
  6. ^ "Thomas J. Davis, 77, Investment Executive". The New York Times. 1990-09-13. ISSN 0362-4331. Retrieved 2017-12-13.
  7. ^ "William F. Miller, former Stanford provost, dies at 91". stanford.edu. 2017-09-27. Retrieved 2019-08-13.
  8. ^ a b "SaaS Field Service Software ServiceMax Raises $14M From Mayfield, Salesforce And Others". techcrunch.com. 2011-06-08. Retrieved 2019-08-13.
  9. ^ "With $6 Million in New Financing, Zimride Has Some Car Seats to Fill". nytimes.com. 2011-09-21. Retrieved 2017-12-13.
  10. ^ "Lyft Prices IPO at $72, the Latest Move in Its Money-Raising Battle With Uber". wsj.com. 2019-03-28. Retrieved 2017-12-13.
  11. ^ "Ad analytics startup Moat grabs $12M from Mayfield Fund, others". venturebeat.com. 2012-04-23. Retrieved 2017-12-13.
  12. ^ "Oracle acquires ad measurement company Moat". techcrunch.com. 2017-04-18. Retrieved 2019-08-13.
  13. ^ "Mayfield has raised $525 million across two new funds". techcrunch.com. 2016-04-29. Retrieved 2019-08-14.
  14. ^ "Benchmark's S.F. move creates opening for Mayfield on Sand Hill Road". bizjournals.com. 2013-05-09. Retrieved 2019-08-09.
  15. ^ a b "Fungible raises $200 million led by SoftBank Vision Fund to help companies handle increasingly massive amounts of data". techcrunch.com. 2019-06-27. Retrieved 2019-08-13.
  16. ^ "Mayfield Fund: Crunchbase". crunchbase.com. Retrieved 2019-08-13.
  17. ^ "3Com funding". cbinsights.com. Retrieved 2019-08-09.
  18. ^ "Form D: Notice of Sale of Securities" (PDF). EDGAR. Alastair Short (signatory for 3PARdata, Inc.). United States Securities and Exchange Commission. February 19, 2004. Retrieved February 16, 2017.{{cite web}}: CS1 maint: others (link)
  19. ^ "Balance: The Business - Life Connection". google.com. Retrieved 2019-09-25.
  20. ^ "Michael J. Levinthal". stanford.edu. Retrieved 2019-08-09.
  21. ^ "Grove Collaborative, a subscription startup selling 'household essentials,' has been quietly raising a lot of moolah". techcrunch.com. 2018-12-27. Retrieved 2019-08-13.
  22. ^ Novet, Jordan (2018-11-01). "HashiCorp raises $100 million at $1.9 billion valuation". www.cnbc.com. Retrieved 2019-03-22.
  23. ^ "Mayfield Fund - Investments". crunchbase. Retrieved 2019-03-05.
  24. ^ "Legato Systems". cbinsights.com. Retrieved 2019-08-09.
  25. ^ "Here's who's getting rich from Lyft's enormous IPO". businessinsider.com. 2019-03-29. Retrieved 2019-08-06.
  26. ^ "Mark Levin Named Xconomy's 2019 Lifetime Achievement Award Winner in Boston". xconomy.com. 2019-07-31. Retrieved 2019-08-09.
  27. ^ "Nuance makes right call in voice software market". bizjournals.com. 1999-05-28. Retrieved 2019-08-13.
  28. ^ "Outreach raises $65 mln from Spark, Sapphire, DFJ Growth, Four Rivers, Mayfield, Microsoft Ventures, Trinity". pehub.com. 2018-05-21. Retrieved 2019-08-13.
  29. ^ Konrad, Alex. "Poshmark Raises $87.5 Million To Take Its Social Clothes Marketplace Global". Forbes. Retrieved 2019-03-05.
  30. ^ "Cisco Acquires Digital Home Software Firm Pure Network For $120 Million". gigaom.com. 2008-07-23. Retrieved 2019-08-13.
  31. ^ "Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott". techcrunch.com. 2013-04-14. Retrieved 2019-08-13.
  32. ^ a b "Thom Calandra's StockWatch -- Mayfield Fund partner outlines Net future". marketwatch.com. 2000-01-25. Retrieved 2019-08-14.
  33. ^ "Silicon Graphics". computinghistory.org.uk. Retrieved 2019-09-04.
  34. ^ "SolarCity Wins $21.5 Million Funding Round from Mayfield". techcrunch.com. 2010-07-14. Retrieved 2019-08-13.
  35. ^ "Tibco Software 'Pushes' Wares Beyond Its Wall Street Roots". wsj.com. 1999-03-18. Retrieved 2019-08-13.
  36. ^ "STVP : Teaching : Mayfield Fellows Program (MFP)". Stanford Technology Ventures Program. Retrieved 2008-07-28.
  37. ^ "Mayfield Fellows Program - University Innovation". universityinnovation.org. Retrieved 2017-12-13.
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