Mayfield (company)

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]

Mayfield
TypePrivate
IndustryVenture capital
Founded1969 (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]

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. 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. "The Silicon Valley Edge". books.google.com. 2017-09-27. Retrieved 2019-09-09.
  2. "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. "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. "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. "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.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. "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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