Mayfield, also known as Mayfield Fund, is a US-based

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

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, California, San Mateo County in the San Francisco Bay Area of California, United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, California, Eas ...

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 Inc., Apple, Scientific Data Systems and Teledyne Technologies, Teled ...

, with funding from several founders of

Fairchild Semiconductor Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the " traitorous eight" who defected from Shockley Semi ...

. 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'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 cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

software startup ServiceMax. In September, Mayfield invested in Zimride's Series A funding round, a predecessor to ride hailing service

Lyft Lyft, Inc. is an American company offering ride-hailing services, motorized scooters, and bicycle-sharing systems in the United States and Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand a ...

. 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 An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination. Descript ...

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 custom ...

when the solar energy company went public. In 2013, the firm relocated to its current office on Silicon Valley's Sand Hill Road, 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 and law, fungibility is the property of something whose individual units are considered fundamentally interchangeable with each other. For example, the fungibility of money means that a $100 bill (note) is considered entirely equ ...

. In 2022, Navin Chaddha was named to the Midas List as the number 5 venture capitalist of the year. The firm is headquartered on Sand Hill Road in Menlo Park, California.

Philanthropy

Mayfield is a sponsor of the Mayfield Fellows Program at

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

. The program offers university students in-depth training and experience in high-tech entrepreneurship.

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