MENLO PARK, CA, Mayfield Fund today announced the successful closing of Mayfield XIV, a $365 million venture capital fund aimed at early-stage IT companies.
Mayfield Fund today announced the successful closing of Mayfield XIV, a $365 million venture capital fund aimed at early-stage IT companies that leverage the themes of mobile, cloud/SaaS, social, energytech, and big data. Mayfield XIV will be led by Navin Chaddha, along with directors Tim Chang, Robin Vasan, Rajeev Batra, and James Beck, Chief Operating Officer.
"Mayfield XIV is our third consecutive sub-$400 million fund. Despite being oversubscribed, we felt that keeping it to $365 million made sense for our early-stage investing focus," said Chaddha. "We value the support of our limited partners who appreciated our consistent investment strategy, top-quartile performance, built-for-the-future team, portfolio company momentum, and 43-year history of investing in relationships. We look forward to continuing to partner with entrepreneurs on their journey from an audacious idea to a built-to-last company."
Mayfield Fund's active portfolios include many innovative companies such as Appcelerator, Branchout, Couchbase, Gigya, Marketo, Solarcity, and StorSimple.
Some recent successes include: 3PAR Data (acquired by Hewlett Packard), Ankeena (acquired by Juniper Networks), Quickoffice (acquired by Google), Redbeacon (acquired by The Home Depot) and Wichorus (acquired by Tellabs). Prior hallmark successes of the firm include 3COM, Citrix Systems, Concur Technologies, Redback Networks, SanDisk, TIBCO, and webMethods.
About Mayfield Fund
Mayfield Fund is a global venture capital firm with over $3 billion under management and a 43-year history of investing in relationships. Mayfield invests primarily in early-stage IT companies that leverage the drivers of mobile, cloud/SaaS, social, energytech, and big data. Since its founding in 1969, the firm has invested in more than 500 companies, resulting in over 100 IPOs and more than 100 mergers or acquisitions. For more information, visit www.mayfield.com
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