Mayfield, also known as Mayfield Fund, is a
US-based
venture capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...
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
Menlo Park is a city at the eastern edge of San Mateo County within the San Francisco Bay Area of California in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south ...
, it is one of Silicon Valley's oldest
venture capital firms.
History
The firm was founded in 1969 by venture capitalist
Thomas J. Davis, Jr. and Wally Davis (no relation).
Thomas Davis Jr. had earlier founded venture capital firm Davis & Rock with fellow investor
Arthur Rock
Arthur Rock (born August 19, 1926) is an American businessman and investor. Based in Silicon Valley, California, he was an early investor in major firms including Intel, Apple, Scientific Data Systems and Teledyne.
Early life
Rock was born and ...
, with funding from several founders of
Fairchild Semiconductor.
[ William F. Miller, a former vice president and provost at Stanford University, was an early investor.
In 2009 and 2010, Mayfield fully funded marketing automation software company ]Marketo
Marketo, Inc. is an American software company, headquartered in San Mateo, California. Marketo develops and sells marketing automation software for account-based marketing and other marketing services and products including SEO and content crea ...
's series C and D rounds, and benefited when the company went public in 2013.[
In June 2011, Mayfield invested in field ]SaaS
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is con ...
software startup ServiceMax
ServiceMax is a Service Execution Management company. It provides a cloud-based software platform designed to improve the productivity of complex, equipment-centric service execution for OEMs, operators, and 3rd-party service providers.
Products ...
.Zimride
Zimride by Enterprise Holdings was an American carpool program that matched inter-city drivers and passengers through social networking services. It was offered to universities and businesses as a matchmaking service. 's Series A funding round, a predecessor to ride hailing service Lyft
Lyft, Inc. offers mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada. Lyft sets fares, which vary using a dyn ...
. Also in 2011, Navin Chaddha took over as managing partner of Mayfield.[
In April 2012, Mayfield invested $12M in ad-tech startup Moat, which was acquired by infotech company Oracle in 2017. In late 2012, Mayfield benefited from its investment in ]SolarCity
SolarCity Corporation was a publicly traded company headquartered in Fremont, California that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers ...
when the solar energy company went public.
In 2013, the firm relocated to its current office on Silicon Valley's Sand Hill Road
Sand Hill Road, often shortened to just "Sand Hill" or "SHR", is an arterial road in western Silicon Valley, California, running through Palo Alto, Menlo Park, and Woodside, notable for its concentration of venture capital companies. The road h ...
, in Menlo Park.
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.[
In June 2019, Mayfield was among several companies that participated in a $200M funding round for data center management company ]Fungible
In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part. Fungible tokens can be exchanged or replaced; for exam ...
.Midas List
The ''Forbes'' Midas list is the annual ranking by ''Forbes'' magazine of the most influential and best-performing venture capital investors. Described by Kara Swisher as the "Oscars for venture capitalists in tech," the Midas List uses parameters ...
as the number 5 venture capitalist of the year.
Philanthropy
Mayfield is a sponsor of the Mayfield Fellows Program The Mayfield Fellows Program is a university program that offers students in-depth training and experience in high-tech entrepreneurship.
The program, originally called the "Technology Ventures Co-op" was founded in 1996 at Stanford University and ...
at Stanford University.
References
External links
company website
{{Private equity and venture capital
Venture capital firms of the United States
Financial services companies based in California
Companies based in Menlo Park, California
Financial services companies established in 1969
1969 establishments in California