Press Release

Mayfield Announces $750 Million Across Two New Venture Capital Funds 

March 25, 2020 – Menlo Park, Calif. Mayfield, a venture capital firm with a 50 year history of people first investing, today announced that it has closed on $750 million in new capital across two venture capital funds, the $475 million Mayfield XVI and the $275 million Mayfield Select II, bringing the firm’s current assets under management to over $2.5 billion. Mayfield XVI will continue the firm’s early-stage focus, primarily investing in companies at the ideation or early product/customers stage. Mayfield Select II follows the strategy of Mayfield Select I, to invest in later-stage rounds of Mayfield breakout portfolio companies. The firm is expanding the charter of Mayfield Select II to invest in companies outside its portfolio which are at early-growth stages with product-market ...

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