Mayfield (company)

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
AUMUS$1.8 billion[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

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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]

In 2022, Navin Chaddha was named to the Midas List as the number 5 venture capitalist of the year.[16]

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

Philanthropy

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Mayfield is a sponsor of the Mayfield Fellows Program at Stanford University.[17][18] The program offers university students in-depth training and experience in high-tech entrepreneurship.

References

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  1. ^ a b c Lee, Chong-Moon (2017-09-27). The Silicon Valley Edge. ISBN 9780804740630. 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 "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". The New York Times. 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. ^ "The Midas List 2022". Forbes. 2022-09-19. Archived from the original on 2022-09-19. Retrieved 2022-09-22.
  17. ^ "STVP : Teaching : Mayfield Fellows Program (MFP)". Stanford Technology Ventures Program. Retrieved 2008-07-28.
  18. ^ "Mayfield Fellows Program - University Innovation". universityinnovation.org. Retrieved 2017-12-13.
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