FOR IMMEDIATE RELEASE

 

 

Mayfield Fund Invests in Three Internet Media Companies

2006 Highlights Include New Managing Director, Global Investments,

M&A Transactions

 

Menlo Park, Calif. – December 4, 2006 – Mayfield Fund today announced investments in three Internet media companies:  Affinity Labs, a diversified media company focused on vertical communities; Consorte Media, a media & advertising network aimed at Hispanics; and Slide, a digital content delivery provider.  Details on the financings were not disclosed.

 

Today’s additions mark an active year for Mayfield, during which the firm made new investments in the U.S. and China, as well as completed several M&A transactions.  In addition, during the year, the firm expanded its investing team with Managing Director Navin Chaddha.

 

“Mayfield has explored a world of opportunities this year and 2006 isn’t over yet,” said Yogen Dalal, Mayfield Fund Managing Director.  “Our new Internet media investments illustrate the consumer trend toward using rich media for online self-expression and the demand for sites that super-serve affinity groups.  We welcome Chris, a second-time Mayfield CEO, Max, and Alicia to our class of 2006, which is marked by adventurous entrepreneurs targeting global markets.”

 

Mayfield’s new 2006 U.S. investments span the Internet media, mobile/VOIP and enterprise sectors.  A partial list includes: Affinity Labs, Alfresco, Consorte, Ponte, Razz, Sennari, and Slide. In China, new 2006 investments include Internet media companies Qunar, and SportsGG, and semiconductor company Lattice Power.

 

In 2006, Mayfield completed nine mergers & acquisitions including: Google/JotSpot: application wiki provider;  Cisco/Orative: mobile messaging provider; Adobe/Serious Magic: digital video communications provider; Sybase/Mobile 365: mobile messaging and content delivery provider; RadiSys/Convedia: IP media processing provider;  EMC-VMWare/Akimbi: virtualization software provider; Tandberg Television/Skystream Networks: IP video delivery provider;  Hewlett Packard/OuterBay: archiving software provider; and Nortel/Tasman: routing equipment provider.

 

About Mayfield Fund

Mayfield Fund provides “venture capital with impact” by partnering with exceptional individuals to create industry-leading companies. Mayfield has domain expertise in Internet media, communications/mobility and enterprise software. The firm has $2.4 billion under management and a team of twelve investing professionals.  Since Mayfield’s founding in 1969, the firm has invested in more than 470 high-growth companies, taken more than 100 public, and more than 150 have merged or were acquired. For more information, please visit www.mayfield.com or contact: Kamini Ramani, kramani@mayfield.com.  For Affinity Labs, contact: Curtis Atkisson, curtis@affinitylabs.com, 917.673.8373; for Consorte Media, contact Alicia Morga, Alicia.morga@consortemedia.com; for Slide, contact Tammy H. Nam

tammy@slide.com, (415) 425-9142.

 

 

 

# # #