Mayfield Raises $750M Across Two New Venture Capital Funds
Mayfield, a Menlo Park, Calif.-based venture capital firm, closed on $750 million in new capital across two venture capital funds.
The new funds, which brought the firm’s current assets under management to over $2.5 billion, include:– the $475 million Mayfield XVI, and– the $275 million Mayfield Select II.
Mayfield XVI will continue the firm’s early-stage focus, primarily investing in companies at the ideation or early product stage.
Mayfield Select II follows the strategy of Mayfield Select I, to invest in later-stage rounds of Mayfield breakout portfolio companies.
Mayfield invests primarily in early-stage consumer, enterprise and engineering biology companies.
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