| Mayfield | |
| Type: | Private |
| Founders: | Thomas J. Davis, Jr., Wally Davis |
| Industry: | Venture capital |
| Products: | Venture capital |
| Aum: | [1] |
| Key People: | Navin Chaddha, Managing partner[2] |
| Num Employees: | 15+ |
| Footnotes: | [3] |
| Location: | Menlo Park, California, U.S. |
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.[4]
The firm was founded in 1969 by venture capitalist Thomas J. Davis, Jr. and Wally Davis (no relation).[5] Thomas Davis Jr. had earlier founded venture capital firm Davis & Rock with fellow investor Arthur Rock, with funding from several founders of Fairchild Semiconductor.[5] [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.[4]
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.[4]
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.
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.