Monday, May 2, 2016

Mayfield Raises $525M For New Funds

Menlo Park venture investor Mayfield has launched two, new investment funds, raising a total of $525M for a new early stage and a separate later stage investment fund, the company said last week. The firm said it raised $400M for Mayfield XV, which will focus on early stage venture investing, and $125M for Mayfield Select, a new fund targeting later stage venture ivnestments. Mayfield said it will continue to follow its playbook for Mayfield XV, investing in roughly 30 companies per fund. Mayfield says it has seen over $12 billion in total market value in the past four years in acquisitions and IPOs.